Emerson Electric Co. (NYSE: EMR) to report earnings of $ 1.19 per share
Equity research analysts predict that Emerson Electric Co. (NYSE: EMR) will report earnings of $ 1.19 per share for the current fiscal quarter, Zack reports. Four analysts provided earnings estimates for Emerson Electric, with the lowest EPS estimate being $ 1.17 and the highest estimate being $ 1.22. Emerson Electric reported earnings per share of $ 0.83 for the same quarter last year, which would indicate a positive year-over-year growth rate of 43.4%. The company is expected to release its next quarterly results on Tuesday, February 1.
On average, analysts predict that Emerson Electric will report annual earnings of $ 4.91 per share for the current year, with EPS estimates ranging from $ 4.80 to $ 5.00. For the next fiscal year, analysts predict the company will report earnings of $ 5.31 per share, with EPS estimates ranging from $ 5.08 to $ 5.45. Zacks EPS Averages is an average based on a survey of research companies that track Emerson Electric.
Emerson Electric (NYSE: EMR) last released its quarterly earnings data on Wednesday, November 3. The industrials company reported EPS of $ 1.21 for the quarter, beating analyst consensus estimates of $ 1.18 by $ 0.03. The company posted revenue of $ 4.90 billion for the quarter, compared to $ 5.09 billion according to analysts’ estimates. Emerson Electric had a return on equity of 26.45% and a net margin of 12.63%. The company’s revenue for the quarter increased 7.5% from the same quarter last year. In the same quarter of last year, the company made earnings per share of $ 1.10.
A number of analysts have published reports on EMR shares. Mizuho began covering Emerson Electric in a research note on Thursday, December 16. They issued a “neutral” rating and a target price of $ 100.00 on the stock. Credit Suisse Group lowered its price target on Emerson Electric from $ 107.00 to $ 106.00 and set an “outperform” rating on the stock in a research note on Thursday, November 4. Loop Capital assumed cover of Emerson Electric in a report released on Wednesday, November 17. They issued a âbuyâ note and a target price of $ 124.00 on the stock. Morgan Stanley lowered its price target on Emerson Electric from $ 106.00 to $ 102.00 and set a rating of “equal weight” to the stock in a report released on Thursday, October 7. Finally, Wells Fargo & Company assumed cover for Emerson Electric in a report released on Thursday, October 7. They issued an “equal weight” rating and a target price of $ 99.00 on the stock. Four research analysts rated the stock with a conservation rating and nine gave the company a buy rating. Based on data from MarketBeat.com, Emerson Electric currently has a consensus rating of âBuyâ and an average price target of $ 102.67.
EMR shares traded up $ 0.31 during trading hours on Friday, reaching $ 92.97. 1,283,530 company shares were traded for an average volume of 2,690,586. The stock has a fifty-day simple moving average of $ 93.72 and a 200-day simple moving average of $ 96.82. The company has a quick ratio of 1.02, a current ratio of 1.35, and a debt ratio of 0.58. Emerson Electric has a 52-week low of $ 77.76 and a 52-week high of $ 105.99. The stock has a market cap of $ 55.31 billion, a PE ratio of 24.34, a price / earnings-growth ratio of 2.14, and a beta of 1.52.
The company also recently announced a quarterly dividend, which was paid on Friday, December 10. Investors of record on Friday, November 12 received a dividend of $ 0.515 per share. This is an increase from Emerson Electric’s previous quarterly dividend of $ 0.51. This represents an annualized dividend of $ 2.06 and a dividend yield of 2.22%. The ex-dividend date was Wednesday, November 10. Emerson Electric’s dividend payout ratio (DPR) is currently 53.93%.
Several large investors have recently changed their positions in the stock. Canton Hathaway LLC increased its stake in Emerson Electric by 234.6% during the 3rd quarter. Canton Hathaway LLC now owns 358 shares of the industrial products company valued at $ 34,000 after purchasing an additional 251 shares during the last quarter. Financial Insights Inc. acquired a new stake in Emerson Electric during the second quarter for a value of approximately $ 38,000. Lloyd Advisory Services LLC. increased its position in Emerson Electric shares by 110.1% in the 3rd quarter. Lloyd Advisory Services LLC. Now owns 416 shares of the industrial products company valued at $ 39,000 after acquiring 218 additional shares in the last quarter. Bell Investment Advisors Inc acquired a new position in Emerson Electric shares in the third quarter valued at approximately $ 39,000. Finally, Ten Capital Wealth Advisors LLC increased its position in Emerson Electric shares by 1,333.3% in the third quarter. Ten Capital Wealth Advisors LLC now owns 473 shares of the industrial products company valued at $ 45,000 after acquiring 440 additional shares in the last quarter. Institutional investors and hedge funds hold 72.75% of the company’s shares.
About Emerson Electric
Emerson Electric Co is a global technology and engineering company, providing innovative solutions to customers in the industrial, commercial and residential markets. It operates in the following business segments: Automation Solutions, Climate Technologies and Home Tools and Products. The Automation Solutions segment offers products, integrated solutions, software and services that enable process, hybrid and discrete manufacturers to maximize production, protect personnel and the environment, reduce project costs and optimize their energy efficiency and operating costs.
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