Emerson Electric Company (NYSE:EMR) Expected to Announce Quarterly Sales of $3.97 Billion
Analysts expect that Emerson Electric Company (NYSE:EMR) will announce sales of $3.97 billion for the current quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Emerson Electric’s earnings. The highest sales estimate is $4.10 billion and the lowest is $3.71 billion. Emerson Electric posted sales of $5.13 billion in the same quarter last year, which would indicate a negative year over year growth rate of 22.6%. The business is expected to announce its next quarterly earnings report before the market opens on Tuesday, August 1st.
On average, analysts expect that Emerson Electric will report full year sales of $3.97 billion for the current financial year, with estimates ranging from $14.40 billion to $15.39 billion. For the next financial year, analysts anticipate that the firm will post sales of $16.46 billion per share, with estimates ranging from $15.15 billion to $16.95 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Emerson Electric.
Emerson Electric (NYSE:EMR) last posted its earnings results on Tuesday, May 2nd. The industrial products company reported $0.58 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.58. The company had revenue of $3.57 billion during the quarter, compared to the consensus estimate of $3.49 billion. Emerson Electric had a net margin of 8.72% and a return on equity of 23.37%. The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.57 earnings per share.
Several equities analysts recently weighed in on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $68.00 target price on shares of Emerson Electric in a research note on Wednesday. Cowen and Company reaffirmed a “hold” rating and set a $62.00 price objective on shares of Emerson Electric in a research report on Tuesday, May 2nd. Royal Bank Of Canada reaffirmed a “hold” rating and set a $62.00 price objective on shares of Emerson Electric in a research report on Tuesday, June 6th. TheStreet raised shares of Emerson Electric from a “c+” rating to a “b” rating in a research report on Thursday, May 4th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Emerson Electric in a research report on Tuesday, July 11th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $56.96.
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A number of large investors have recently added to or reduced their stakes in the stock. First Command Financial Services Inc. raised its stake 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 worth $116,000 after buying an additional 307 shares during the last quarter. Central Bank & Trust Co. raised its stake 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 worth $126,000 after buying an additional 500 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new stake in Emerson Electric during the first quarter worth approximately $127,000. Harbour Capital Advisors LLC bought a new stake in Emerson Electric during the first quarter worth approximately $147,000. Finally, Guardian Life Insurance Co. of America increased its position in shares of Emerson Electric by 1.1% in the first quarter. Guardian Life Insurance Co. of America now owns 2,491 shares of the industrial products company’s stock worth $149,000 after buying an additional 28 shares during the period. 68.87% of the stock is owned by institutional investors and hedge funds.
Shares of Emerson Electric (NYSE EMR) traded up 0.7929% during mid-day trading on Wednesday, hitting $60.3044. 636,668 shares of the stock were exchanged. The firm has a 50-day moving average price of $59.60 and a 200 day moving average price of $59.52. The company has a market capitalization of $38.86 billion, a PE ratio of 25.7601 and a beta of 1.20. Emerson Electric has a 12-month low of $49.22 and a 12-month high of $64.37.
About Emerson Electric
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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