Emerson Electric Company (EMR) Expected to Announce Quarterly Sales of $4.37 Billion
Equities analysts predict that Emerson Electric Company (NYSE:EMR) will announce sales of $4.37 billion for the current quarter, Zacks reports. Seven analysts have provided estimates for Emerson Electric’s earnings, with the highest sales estimate coming in at $4.50 billion and the lowest estimate coming in at $3.96 billion. Emerson Electric posted sales of $5.50 billion in the same quarter last year, which would indicate a negative year over year growth rate of 20.5%. The firm is scheduled to report its next quarterly earnings report on Tuesday, November 7th.
According to Zacks, analysts expect that Emerson Electric will report full-year sales of $4.37 billion for the current year, with estimates ranging from $15.19 billion to $15.32 billion. For the next year, analysts anticipate that the firm will report sales of $16.69 billion per share, with estimates ranging from $15.15 billion to $17.21 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Emerson Electric.
Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.68. The firm had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.99 billion. Emerson Electric had a net margin of 8.89% and a return on equity of 22.32%. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.68 EPS.
Several equities analysts have commented on the stock. Royal Bank Of Canada reiterated a “hold” rating and issued a $58.00 price target on shares of Emerson Electric in a research note on Tuesday, April 11th. Zacks Investment Research upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a research note on Wednesday, April 19th. Cowen and Company reiterated a “hold” rating and issued a $62.00 price target on shares of Emerson Electric in a research note on Tuesday, April 25th. TheStreet upgraded shares of Emerson Electric from a “c+” rating to a “b” rating in a research note on Thursday, May 4th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $67.00 price target (up from $65.00) on shares of Emerson Electric in a research note on Monday, May 15th. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $57.48.
Shares of Emerson Electric (EMR) opened at 60.91 on Tuesday. The stock has a market cap of $39.21 billion, a P/E ratio of 27.18 and a beta of 1.20. Emerson Electric has a 52-week low of $49.22 and a 52-week high of $64.36. The firm’s 50-day moving average is $59.79 and its 200 day moving average is $59.74.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Friday, August 11th will be given a $0.48 dividend. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $1.92 dividend on an annualized basis and a yield of 3.15%. Emerson Electric’s dividend payout ratio (DPR) is 85.33%.
A number of institutional investors have recently bought and sold shares of the stock. Washington Trust Bank raised its position 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 worth $241,000 after buying an additional 16 shares during the period. 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 worth $267,000 after buying an additional 26 shares during the period. Parallel Advisors LLC increased its stake in Emerson Electric by 0.5% in the second quarter. Parallel Advisors LLC now owns 4,892 shares of the industrial products company’s stock worth $292,000 after buying an additional 26 shares during the period. 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 worth $149,000 after buying an additional 28 shares during the period. Finally, 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 worth $407,000 after buying an additional 31 shares during the period. Hedge funds and other institutional investors own 69.06% of the company’s stock.
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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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