Franklin Electric Co. (FELE) Announces Quarterly Earnings Results, Hits Estimates
Franklin Electric Co. (NASDAQ:FELE) released its earnings data on Wednesday. The company reported $0.50 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.50, Stock Ratings News reports. The company had revenue of $249.80 million for the quarter, compared to the consensus estimate of $255.26 million. During the same quarter in the previous year, the company posted $0.92 earnings per share. The company’s revenue for the quarter was up 5.1% on a year-over-year basis.
Franklin Electric Co. (NASDAQ:FELE) opened at 38.87 on Wednesday. Franklin Electric Co. has a one year low of $26.80 and a one year high of $38.90. The stock’s 50-day moving average is $37.43 and its 200-day moving average is $34.63. The company has a market cap of $1.848 billion and a P/E ratio of 23.87.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, November 21st. Shareholders of record on Thursday, November 7th will be paid a dividend of $0.78 per share. This represents a $3.10 annualized dividend and a dividend yield of 7.97%. The ex-dividend date is Tuesday, November 5th.
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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