Emerson Electric Co. (EMR) Issues FY14 Earnings Guidance
Emerson Electric Co. (NYSE:EMR) updated its FY14 earnings guidance on Tuesday. The company provided EPS guidance of $3.68-3.80 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.77, AnalystRatingsNetwork reports. The company issued revenue guidance of $24.4-24.9 billion, compared to the consensus revenue estimate of $24.83 billion.
EMR has been the subject of a number of recent research reports. Analysts at Zacks reiterated a neutral rating on shares of Emerson Electric in a research note on Friday, July 18th. They now have a $71.00 price target on the stock. On a related note, analysts at Argus upgraded shares of Emerson Electric from a hold rating to a buy rating in a research note on Friday, July 11th. They now have a $75.00 price target on the stock. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $70.85.
Shares of Emerson Electric Co. (NYSE:EMR) opened at 61.85 on Tuesday. Emerson Electric Co. has a 52 week low of $60.14 and a 52 week high of $70.66. The stock has a 50-day moving average of $66.86 and a 200-day moving average of $66.3. The company has a market cap of $43.403 billion and a P/E ratio of 22.94.
Emerson Electric (NYSE:EMR) last announced its earnings results on Tuesday, August 5th. The company reported $1.03 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.06 by $0.03. The company had revenue of $6.30 billion for the quarter, compared to the consensus estimate of $6.45 billion. During the same quarter in the prior year, the company posted $1.04 earnings per share. The company’s quarterly revenue was down .5% on a year-over-year basis. On average, analysts predict that Emerson Electric Co. will post $3.75 earnings per share for the current fiscal year.
Emerson Electric Co (NYSE:EMR) is a diversified global technology company.
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