Franklin Electric Co. Inc. Reaches New 12-Month High at $40.34 (FELE)
Franklin Electric Co. (NASDAQ:FELE)’s share price reached a new 52-week high during mid-day trading on Wednesday, Analyst Ratings.Net reports. The stock traded as high as $40.34 and last traded at $39.28, with a volume of 28,567 shares traded. The stock had previously closed at $39.87.
Separately, analysts at Wedbush initiated coverage on shares of Franklin Electric Co. (NASDAQ:FELE) in a research note to investors on Monday, July 8th. They set an “outperform” rating and a $41.00 price target on the stock.
Franklin Electric Co. has a 52-week low of $27.135 and a 52-week high of $40.34. The stock’s 50-day moving average is $37.96 and its 200-day moving average is $35.23. The company has a market cap of $1.868 billion and a P/E ratio of 24.46.
Franklin Electric Co. (NASDAQ:FELE) last released its earnings data on Tuesday, July 30th. The company reported $0.58 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.57 by $0.01. The company had revenue of $263.40 million for the quarter, compared to the consensus estimate of $268.13 million. During the same quarter in the previous year, the company posted $1.06 earnings per share. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. Analysts expect that Franklin Electric Co. will post $1.74 EPS for the current fiscal year.
Franklin Electric Co, Inc (NASDAQ:FELE) together with its subsidiaries, is engaged in designing, manufacturing and distributing water and fuel pumping systems, consists of submersible motors, pumps, electronic controls and related parts and equipment.
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