Analysts expect that Emerson Electric Company (NYSE:EMR) will report earnings of $0.69 per share for the current fiscal quarter, according to Zacks. Seven analysts have made estimates for Emerson Electric’s earnings, with the lowest EPS estimate coming in at $0.66 and the highest estimate coming in at $0.72. Emerson Electric posted earnings per share of $0.80 in the same quarter last year, which suggests a negative year over year growth rate of 13.8%. The firm is scheduled to report its next earnings results before the market opens on Tuesday, August 1st.

On average, analysts expect that Emerson Electric will report full year earnings of $2.59 per share for the current year, with EPS estimates ranging from $2.55 to $2.65. For the next fiscal year, analysts expect that the firm will post earnings of $2.89 per share, with EPS estimates ranging from $2.80 to $3.00. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that cover Emerson Electric.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Tuesday, May 2nd. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.58. Emerson Electric had a net margin of 8.72% and a return on equity of 23.37%. The company had revenue of $3.57 billion during the quarter, compared to the consensus estimate of $3.49 billion. During the same quarter last year, the company earned $0.57 earnings per share. Emerson Electric’s revenue for the quarter was down .1% on a year-over-year basis.

EMR has been the subject of several analyst reports. TheStreet upgraded Emerson Electric from a “c+” rating to a “b” rating in a report on Thursday, May 4th. Zacks Investment Research lowered Emerson Electric from a “buy” rating to a “hold” rating in a report on Friday, May 5th. Royal Bank Of Canada restated a “hold” rating and issued a $62.00 target price on shares of Emerson Electric in a report on Tuesday, June 6th. Cowen and Company restated a “hold” rating and issued a $62.00 target price on shares of Emerson Electric in a report on Tuesday, April 25th. Finally, JMP Securities initiated coverage on Emerson Electric in a report on Monday, June 19th. They issued an “outperform” rating and a $70.00 target price for the company. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have assigned a buy rating to the company. Emerson Electric has an average rating of “Hold” and a consensus target price of $56.64.

Shares of Emerson Electric (NYSE EMR) traded up 0.30% during mid-day trading on Monday, reaching $60.36. 2,826,188 shares of the company’s stock traded hands. Emerson Electric has a 1-year low of $49.22 and a 1-year high of $64.36. The firm has a 50-day moving average price of $59.24 and a 200-day moving average price of $59.20. The company has a market capitalization of $38.90 billion, a P/E ratio of 25.78 and a beta of 1.20.

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A number of hedge funds have recently made changes to their positions in EMR. TNB Financial boosted its stake in shares of Emerson Electric by 3.3% in the second quarter. TNB Financial now owns 248,889 shares of the industrial products company’s stock worth $14,839,000 after buying an additional 8,017 shares during the period. BerganKDV Wealth Management LLC boosted its stake in shares of Emerson Electric by 13.1% in the second quarter. BerganKDV Wealth Management LLC now owns 27,206 shares of the industrial products company’s stock worth $1,622,000 after buying an additional 3,152 shares during the period. Windward Capital Management Co. CA boosted its stake in shares of Emerson Electric by 38.5% in the second quarter. Windward Capital Management Co. CA now owns 14,330 shares of the industrial products company’s stock worth $854,000 after buying an additional 3,987 shares during the period. Cape Cod Five Cents Savings Bank boosted its stake in shares of Emerson Electric by 9.9% in the second quarter. Cape Cod Five Cents Savings Bank now owns 33,459 shares of the industrial products company’s stock worth $1,994,000 after buying an additional 3,008 shares during the period. Finally, Regent Investment Management LLC boosted its stake in shares of Emerson Electric by 41.4% in the second quarter. Regent Investment Management LLC now owns 11,814 shares of the industrial products company’s stock worth $704,000 after buying an additional 3,460 shares during the period. Hedge funds and other institutional investors own 68.87% of the company’s stock.

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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Earnings History and Estimates for Emerson Electric (NYSE:EMR)

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