Korea Electric Power (NYSE:KEP) Releases Earnings Results, Misses Estimates By $0.19 EPS

Korea Electric Power (NYSE:KEP) issued its quarterly earnings data on Tuesday. The utilities provider reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.19), Zacks reports. The firm had revenue of $14.60 billion for the quarter, compared to the consensus estimate of $14.90 billion. Korea Electric Power had a return on equity of 18.25% and a net margin of 8.95%.

Korea Electric Power Stock Performance

KEP traded up $0.14 during midday trading on Thursday, reaching $11.37. The company had a trading volume of 64,963 shares, compared to its average volume of 927,909. Korea Electric Power has a 12-month low of $11.10 and a 12-month high of $23.41. The business has a 50-day moving average price of $11.83 and a two-hundred day moving average price of $13.44. The stock has a market cap of $14.59 billion, a PE ratio of 2.38, a P/E/G ratio of 2.18 and a beta of 0.95. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.29 and a current ratio of 0.43.

Analysts Set New Price Targets

Several research firms have recently issued reports on KEP. Nomura downgraded shares of Korea Electric Power from a “buy” rating to a “neutral” rating in a research note on Thursday, August 13th. Zacks Research downgraded Korea Electric Power from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 9th. Finally, Weiss Ratings downgraded Korea Electric Power from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, August 20th. Three investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Reduce”.

About Korea Electric Power

Korea Electric Power Corporation (KEPCO) is South Korea’s state-owned, integrated electric utility. The company is responsible for the transmission and distribution of electricity throughout South Korea and supplies power to residential, commercial and industrial customers.

KEPCO’s business includes electricity generation through affiliated companies, power transmission and distribution, and related energy services. Its generation-related subsidiaries include Korea Hydro & Nuclear Power, which operates nuclear and hydroelectric facilities, as well as several companies focused on thermal and renewable power generation.

Founded in 1961, KEPCO has also pursued international projects involving power generation, transmission, renewable energy and other energy infrastructure.