Emerson Electric Co. (EMR) Expected to Announce Earnings of $0.68 Per Share
Analysts forecast that Emerson Electric Co. (NYSE:EMR) will post earnings per share of $0.68 for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for Emerson Electric’s earnings, with estimates ranging from $0.66 to $0.72. Emerson Electric reported earnings of $0.80 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 15%. The firm is expected to report its next earnings report on Tuesday, August 1st.
According to Zacks, analysts expect that Emerson Electric will report full year earnings of $2.59 per share for the current financial year, with EPS estimates ranging from $2.55 to $2.63. For the next financial year, analysts forecast that the business will post earnings of $2.87 per share, with EPS estimates ranging from $2.77 to $3.00. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Emerson Electric.
Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Tuesday, May 2nd. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.58. The company had revenue of $3.57 billion for the quarter, compared to the consensus estimate of $3.49 billion. Emerson Electric had a return on equity of 24.26% and a net margin of 8.50%. Emerson Electric’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.57 earnings per share.
Several brokerages recently issued reports on EMR. Berenberg Bank restated a “sell” rating and issued a $53.00 price target on shares of Emerson Electric in a research report on Wednesday, February 22nd. Stifel Nicolaus boosted their price target on Emerson Electric from $63.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, February 9th. Zacks Investment Research upgraded Emerson Electric from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a research report on Tuesday, February 14th. Goldman Sachs Group Inc upgraded Emerson Electric from a “sell” rating to a “neutral” rating and set a $60.00 price target on the stock in a research report on Friday, January 27th. Finally, Cowen and Company restated a “hold” rating and issued a $62.00 price target on shares of Emerson Electric in a research report on Tuesday, May 2nd. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $55.34.
A number of hedge funds and other institutional investors have recently modified their holdings of EMR. Northwest Quadrant Wealth Management LLC purchased a new position in Emerson Electric during the fourth quarter valued at about $111,000. Elgethun Capital Management purchased a new position in Emerson Electric during the fourth quarter valued at about $114,000. First Command Financial Services Inc. raised its position in Emerson Electric by 18.9% in the first quarter. First Command Financial Services Inc. now owns 1,935 shares of the industrial products company’s stock valued at $116,000 after buying an additional 307 shares during the last quarter. RidgeWorth Capital Management LLC raised its position in Emerson Electric by 23.1% in the fourth quarter. RidgeWorth Capital Management LLC now owns 2,183 shares of the industrial products company’s stock valued at $122,000 after buying an additional 410 shares during the last quarter. Finally, Central Bank & Trust Co. raised its position in Emerson Electric by 31.3% in the first quarter. Central Bank & Trust Co. now owns 2,100 shares of the industrial products company’s stock valued at $126,000 after buying an additional 500 shares during the last quarter. Institutional investors and hedge funds own 71.04% of the company’s stock.
Emerson Electric (NYSE:EMR) opened at 59.25 on Friday. The stock has a market cap of $38.19 billion, a P/E ratio of 25.31 and a beta of 1.17. The firm’s 50-day moving average price is $59.13 and its 200-day moving average price is $58.46. Emerson Electric has a 12 month low of $48.45 and a 12 month high of $64.36.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. Investors of record on Friday, May 12th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Wednesday, May 10th. This represents a $1.92 dividend on an annualized basis and a yield of 3.24%. Emerson Electric’s dividend payout ratio (DPR) is presently 77.73%.
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Emerson Electric Company Profile
Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.
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