Wall Street brokerages expect Eaton Corporation, PLC (NYSE:ETN) to report earnings of $1.26 per share for the current quarter, according to Zacks. Eight analysts have made estimates for Eaton Corporation, PLC’s earnings, with the lowest EPS estimate coming in at $1.23 and the highest estimate coming in at $1.30. Eaton Corporation, PLC reported earnings per share of $1.15 in the same quarter last year, which would suggest a positive year over year growth rate of 9.6%. The firm is expected to issue its next quarterly earnings results on Tuesday, November 7th.

On average, analysts expect that Eaton Corporation, PLC will report full year earnings of $4.61 per share for the current fiscal year, with EPS estimates ranging from $4.54 to $4.70. For the next financial year, analysts expect that the company will post earnings of $5.08 per share, with EPS estimates ranging from $4.95 to $5.22. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Eaton Corporation, PLC.

Eaton Corporation, PLC (NYSE:ETN) last released its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $1.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.16 by $0.01. The business had revenue of $5.13 billion for the quarter, compared to analysts’ expectations of $5.14 billion. Eaton Corporation, PLC had a net margin of 9.95% and a return on equity of 12.93%. Eaton Corporation, PLC’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.07 EPS.

Several research analysts have issued reports on the company. BidaskClub cut Eaton Corporation, PLC from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Zacks Investment Research cut Eaton Corporation, PLC from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Royal Bank Of Canada reiterated a “hold” rating and issued a $78.00 price objective on shares of Eaton Corporation, PLC in a research report on Wednesday, July 12th. Wolfe Research assumed coverage on Eaton Corporation, PLC in a research report on Tuesday, July 11th. They issued a “market perform” rating for the company. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $80.00 price objective on shares of Eaton Corporation, PLC in a research report on Friday, July 7th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $78.54.

Eaton Corporation, PLC (NYSE ETN) traded up 1.25% during midday trading on Friday, reaching $74.53. 2,778,315 shares of the company were exchanged. The firm’s 50 day moving average price is $78.18 and its 200-day moving average price is $74.86. The stock has a market capitalization of $33.15 billion, a P/E ratio of 17.09 and a beta of 1.35. Eaton Corporation, PLC has a 52 week low of $59.07 and a 52 week high of $81.63.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 18th. Stockholders of record on Friday, August 4th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date is Wednesday, August 2nd. Eaton Corporation, PLC’s dividend payout ratio is currently 54.79%.

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Several hedge funds and other institutional investors have recently made changes to their positions in ETN. BlackRock Inc. boosted its position in shares of Eaton Corporation, PLC by 2,830.8% in the first quarter. BlackRock Inc. now owns 29,114,265 shares of the industrial products company’s stock worth $2,158,821,000 after buying an additional 28,120,890 shares in the last quarter. Boston Partners boosted its position in shares of Eaton Corporation, PLC by 286.0% in the first quarter. Boston Partners now owns 7,227,300 shares of the industrial products company’s stock worth $535,904,000 after buying an additional 5,354,998 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Eaton Corporation, PLC by 17.0% in the first quarter. Bank of America Corp DE now owns 6,407,605 shares of the industrial products company’s stock worth $475,123,000 after buying an additional 932,400 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Eaton Corporation, PLC by 2.4% in the first quarter. Wellington Management Group LLP now owns 37,607,505 shares of the industrial products company’s stock worth $2,788,596,000 after buying an additional 875,616 shares in the last quarter. Finally, FMR LLC boosted its position in shares of Eaton Corporation, PLC by 9.5% in the first quarter. FMR LLC now owns 9,180,438 shares of the industrial products company’s stock worth $680,729,000 after buying an additional 794,975 shares in the last quarter. Institutional investors and hedge funds own 76.32% of the company’s stock.

About Eaton Corporation, PLC

Eaton Corporation (Eaton) is a diversified power management company. It is engaged in the manufacturing of electrical components and systems for power quality, distribution and control; hydraulics components, systems and services for industrial and mobile equipment; aerospace fuel, hydraulics and pneumatic systems for commercial and military use, and truck and automotive drivetrain and powertrain systems for performance, fuel economy and safety.

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Earnings History and Estimates for Eaton Corporation, PLC (NYSE:ETN)

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