Eaton Co., PLC (ETN) Set to Announce Quarterly Earnings on Tuesday
Eaton Co., PLC (NYSE:ETN) will be issuing its Q114 quarterly earnings data on Tuesday, April 29th. Analysts expect the company to announce earnings of $1.00 per share and revenue of $5.49 billion for the quarter. Eaton Co., PLC has set its Q1 guidance at $0.95-1.05 EPS and its FY14 guidance at $4.50-4.90 EPS.Investors interested in participating in the company’s conference call can do so using this link.
Eaton Co., PLC (NYSE:ETN) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.08 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.06 by $0.02. The company had revenue of $5.50 billion for the quarter, compared to the consensus estimate of $5.55 billion. During the same quarter in the prior year, the company posted $0.96 earnings per share. The company’s quarterly revenue was up 27.6% on a year-over-year basis. On average, analysts expect Eaton Co., PLC to post $4.81 EPS for the current fiscal year and $5.56 EPS for the next fiscal year.
Eaton Co., PLC (NYSE:ETN) opened at 73.95 on Monday. Eaton Co., PLC has a one year low of $59.18 and a one year high of $78.19. The stock’s 50-day moving average is $73.72 and its 200-day moving average is $72.73. The company has a market cap of $35.148 billion and a price-to-earnings ratio of 19.22.
The company also recently declared a quarterly dividend, which is scheduled for Friday, May 23rd. Stockholders of record on Monday, May 5th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date of this dividend is Thursday, May 1st.
A number of analysts have recently weighed in on ETN shares. Analysts at Morgan Stanley cut their price target on shares of Eaton Co., PLC from $90.00 to $89.00 in a research note on Monday, April 7th. On the ratings front, analysts at Oppenheimer raised their price target on shares of Eaton Co., PLC from $82.00 to $85.00 in a research note on Tuesday, March 4th. They now have an “outperform” rating on the stock. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $79.42.
Eaton Corporation (NYSE:ETN) is a diversified power management company.
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