Wall Street brokerages expect Emerson Electric Co. (NYSE:EMR) to post $0.94 earnings per share (EPS) for the current quarter, Zacks reports. Six analysts have issued estimates for Emerson Electric’s earnings, with the lowest EPS estimate coming in at $0.91 and the highest estimate coming in at $0.95. Emerson Electric posted earnings per share of $0.88 in the same quarter last year, which would indicate a positive year over year growth rate of 6.8%. The business is expected to issue its next earnings results on Tuesday, August 6th.
According to Zacks, analysts expect that Emerson Electric will report full year earnings of $3.65 per share for the current fiscal year, with EPS estimates ranging from $3.60 to $3.68. For the next financial year, analysts forecast that the business will report earnings of $4.06 per share, with EPS estimates ranging from $3.98 to $4.15. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that cover Emerson Electric.
Emerson Electric (NYSE:EMR) last posted its earnings results on Tuesday, May 7th. The industrial products company reported $0.84 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.84. Emerson Electric had a return on equity of 24.63% and a net margin of 12.81%. The business had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.64 billion. During the same period in the previous year, the business earned $0.76 EPS. The business’s quarterly revenue was up 7.6% on a year-over-year basis.
Several research firms have recently weighed in on EMR. Credit Suisse Group reduced their target price on Emerson Electric from $80.00 to $74.00 and set an “outperform” rating for the company in a report on Wednesday, June 5th. Zacks Investment Research downgraded Emerson Electric from a “hold” rating to a “sell” rating and set a $64.00 target price for the company. in a report on Wednesday, May 29th. Finally, Citigroup raised Emerson Electric from a “neutral” rating to a “buy” rating and boosted their target price for the company from $67.00 to $81.00 in a report on Monday, April 8th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company’s stock. Emerson Electric has a consensus rating of “Buy” and a consensus target price of $75.47.
Shares of Emerson Electric stock traded down $0.43 on Friday, hitting $62.77. The stock had a trading volume of 2,822,252 shares, compared to its average volume of 3,186,484. Emerson Electric has a 52-week low of $55.38 and a 52-week high of $79.70. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.76 and a current ratio of 1.07. The company has a market capitalization of $38.84 billion, a P/E ratio of 18.57, a PEG ratio of 2.02 and a beta of 1.30.
The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 17th were given a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 3.12%. The ex-dividend date of this dividend was Thursday, May 16th. Emerson Electric’s dividend payout ratio (DPR) is presently 57.99%.
In other Emerson Electric news, insider Michael H. Train sold 12,278 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $63.80, for a total transaction of $783,336.40. Following the transaction, the insider now owns 129,298 shares in the company, valued at approximately $8,249,212.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Bell Katherine Button sold 15,791 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $63.91, for a total value of $1,009,202.81. Following the transaction, the vice president now owns 30,304 shares in the company, valued at approximately $1,936,728.64. The disclosure for this sale can be found here. Insiders own 0.07% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kayne Anderson Rudnick Investment Management LLC acquired a new position in Emerson Electric during the 1st quarter worth approximately $357,000. Belpointe Asset Management LLC grew its holdings in shares of Emerson Electric by 155.0% in the 1st quarter. Belpointe Asset Management LLC now owns 9,634 shares of the industrial products company’s stock worth $659,000 after acquiring an additional 5,856 shares during the period. Clearbridge Investments LLC grew its holdings in shares of Emerson Electric by 2.3% in the 1st quarter. Clearbridge Investments LLC now owns 274,174 shares of the industrial products company’s stock worth $18,773,000 after acquiring an additional 6,229 shares during the period. ZWJ Investment Counsel Inc. grew its holdings in shares of Emerson Electric by 17.7% in the 1st quarter. ZWJ Investment Counsel Inc. now owns 7,970 shares of the industrial products company’s stock worth $546,000 after acquiring an additional 1,200 shares during the period. Finally, GYL Financial Synergies LLC acquired a new stake in shares of Emerson Electric in the 1st quarter worth approximately $1,248,000. Institutional investors own 70.52% of the company’s stock.
About Emerson Electric
Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.
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