Brokerages expect Emerson Electric Co. (NYSE:EMR) to post earnings per share of $1.07 for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Emerson Electric’s earnings, with estimates ranging from $1.04 to $1.10. Emerson Electric reported earnings of $0.89 per share during the same quarter last year, which indicates a positive year over year growth rate of 20.2%. The company is scheduled to issue its next earnings results before the market opens on Tuesday, November 5th.
On average, analysts expect that Emerson Electric will report full year earnings of $3.63 per share for the current financial year, with EPS estimates ranging from $3.59 to $3.68. For the next year, analysts forecast that the business will post earnings of $3.77 per share, with EPS estimates ranging from $3.64 to $4.05. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Emerson Electric.
Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.94. The firm had revenue of $4.68 billion during the quarter, compared to analyst estimates of $4.82 billion. Emerson Electric had a return on equity of 24.67% and a net margin of 12.06%. Emerson Electric’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.12 earnings per share.
A number of brokerages recently commented on EMR. Deutsche Bank reduced their price objective on shares of Emerson Electric from $74.00 to $73.00 and set a “buy” rating for the company in a research note on Monday, August 5th. Zacks Investment Research downgraded shares of Emerson Electric from a “hold” rating to a “sell” rating and set a $69.00 price objective for the company. in a research note on Tuesday, July 23rd. Citigroup reduced their price objective on shares of Emerson Electric from $79.00 to $77.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. Argus downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Finally, Cowen set a $72.00 price objective on shares of Emerson Electric and gave the stock a “buy” rating in a research note on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $72.21.
Several hedge funds have recently modified their holdings of the company. Gradient Investments LLC increased its position in shares of Emerson Electric by 164.4% in the 3rd quarter. Gradient Investments LLC now owns 386 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 240 shares during the period. Candriam Luxembourg S.C.A. increased its position in shares of Emerson Electric by 12.8% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 382,028 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 43,374 shares during the period. Ellevest Inc. increased its position in shares of Emerson Electric by 110.0% in the 2nd quarter. Ellevest Inc. now owns 420 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 220 shares during the period. Larson Financial Group LLC increased its position in shares of Emerson Electric by 80.3% in the 2nd quarter. Larson Financial Group LLC now owns 440 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 196 shares during the period. Finally, Garrett Wealth Advisory Group LLC acquired a new position in shares of Emerson Electric in the 3rd quarter valued at $31,000. 70.55% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE EMR traded up $0.17 during trading hours on Wednesday, reaching $70.99. The stock had a trading volume of 2,046,766 shares, compared to its average volume of 3,471,342. The company has a current ratio of 1.18, a quick ratio of 0.85 and a debt-to-equity ratio of 0.49. The firm has a market cap of $42.98 billion, a price-to-earnings ratio of 21.00, a P/E/G ratio of 2.33 and a beta of 1.37. The business’s fifty day moving average price is $65.81 and its two-hundred day moving average price is $65.00. Emerson Electric has a 52-week low of $55.38 and a 52-week high of $73.24.
Emerson Electric Company Profile
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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