Brokerages Expect Emerson Electric Company (EMR) Will Announce Earnings of $0.79 Per Share
Brokerages expect that Emerson Electric Company (NYSE:EMR) will report earnings of $0.79 per share for the current quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Emerson Electric’s earnings, with estimates ranging from $0.72 to $0.84. Emerson Electric posted earnings of $0.96 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 17.7%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, November 7th.
On average, analysts expect that Emerson Electric will report full year earnings of $2.61 per share for the current year, with EPS estimates ranging from $2.60 to $2.67. For the next year, analysts anticipate that the company will post earnings of $2.92 per share, with EPS estimates ranging from $2.80 to $3.05. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow Emerson Electric.
Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.68. The business had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $3.99 billion. Emerson Electric had a return on equity of 22.32% and a net margin of 8.89%. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.68 EPS.
EMR has been the topic of several analyst reports. TheStreet raised shares of Emerson Electric from a “c+” rating to a “b” rating in a report on Thursday, May 4th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $62.00 price target (up from $61.00) on shares of Emerson Electric in a report on Wednesday. Zacks Investment Research lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Friday, May 5th. Cowen and Company reaffirmed a “hold” rating and issued a $62.00 price target on shares of Emerson Electric in a report on Tuesday, April 25th. Finally, JMP Securities initiated coverage on shares of Emerson Electric in a report on Monday, June 19th. They issued an “outperform” rating and a $70.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have assigned a buy rating to the company. Emerson Electric presently has an average rating of “Hold” and an average price target of $57.48.
Emerson Electric (NYSE EMR) traded up 0.77% during trading on Friday, reaching $61.15. The company had a trading volume of 2,304,403 shares. Emerson Electric has a 12-month low of $49.22 and a 12-month high of $64.36. The stock has a 50 day moving average of $59.79 and a 200-day moving average of $59.74. The stock has a market capitalization of $39.37 billion, a P/E ratio of 27.29 and a beta of 1.20.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Friday, August 11th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $1.92 annualized dividend and a dividend yield of 3.14%. Emerson Electric’s payout ratio is currently 85.33%.
Several large investors have recently bought and sold shares of the company. Washington Trust Bank increased its stake in Emerson Electric by 0.4% in the second quarter. Washington Trust Bank now owns 4,040 shares of the industrial products company’s stock valued at $241,000 after buying an additional 16 shares during the last quarter. RB Capital Management LLC increased its stake in Emerson Electric by 0.6% in the second quarter. RB Capital Management LLC now owns 4,475 shares of the industrial products company’s stock valued at $267,000 after buying an additional 26 shares during the last quarter. Guardian Life Insurance Co. of America increased its stake in 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 valued at $149,000 after buying an additional 28 shares during the last quarter. Busey Trust CO increased its stake in Emerson Electric by 0.5% in the second quarter. Busey Trust CO now owns 6,834 shares of the industrial products company’s stock valued at $407,000 after buying an additional 31 shares during the last quarter. Finally, CAPROCK Group Inc. increased its stake in Emerson Electric by 0.8% in the first quarter. CAPROCK Group Inc. now owns 4,689 shares of the industrial products company’s stock valued at $281,000 after buying an additional 37 shares during the last quarter. Institutional investors and hedge funds own 68.92% of the company’s stock.
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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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