Wall Street analysts forecast that Eaton Corporation, PLC (NYSE:ETN) will post $5.14 billion in sales for the current fiscal quarter, Zacks reports. Eight analysts have issued estimates for Eaton Corporation, PLC’s earnings, with estimates ranging from $5.10 billion to $5.20 billion. Eaton Corporation, PLC reported sales of $4.99 billion during the same quarter last year, which would suggest a positive year over year growth rate of 3%. The firm is expected to issue its next earnings report on Tuesday, November 7th.

On average, analysts expect that Eaton Corporation, PLC will report full year sales of $5.14 billion for the current year, with estimates ranging from $20.08 billion to $20.34 billion. For the next fiscal year, analysts forecast that the business will report sales of $20.84 billion per share, with estimates ranging from $20.53 billion to $21.11 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Eaton Corporation, PLC.

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

A number of research analysts recently weighed in on the stock. BidaskClub downgraded shares of Eaton Corporation, PLC from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Zacks Investment Research downgraded shares of Eaton Corporation, PLC from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. JMP Securities assumed coverage on shares of Eaton Corporation, PLC in a research report on Monday, June 19th. They issued a “market perform” rating for the company. ValuEngine raised shares of Eaton Corporation, PLC from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Wolfe Research assumed coverage on shares of Eaton Corporation, PLC in a research report on Tuesday, July 11th. They issued a “market perform” rating for the company. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $78.54.

Hedge funds have recently bought and sold shares of the company. Guardian Life Insurance Co. of America boosted its stake in Eaton Corporation, PLC by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,742 shares of the industrial products company’s stock worth $129,000 after buying an additional 12 shares in the last quarter. Koshinski Asset Management Inc. boosted its stake in Eaton Corporation, PLC by 0.3% in the first quarter. Koshinski Asset Management Inc. now owns 5,723 shares of the industrial products company’s stock worth $424,000 after buying an additional 17 shares in the last quarter. Dynamic Advisors Solutions LLC boosted its stake in Eaton Corporation, PLC by 0.5% in the first quarter. Dynamic Advisors Solutions LLC now owns 4,937 shares of the industrial products company’s stock worth $366,000 after buying an additional 23 shares in the last quarter. Dubuque Bank & Trust Co. boosted its stake in Eaton Corporation, PLC by 1.1% in the first quarter. Dubuque Bank & Trust Co. now owns 2,238 shares of the industrial products company’s stock worth $166,000 after buying an additional 24 shares in the last quarter. Finally, Haverford Financial Services Inc. boosted its stake in Eaton Corporation, PLC by 0.7% in the first quarter. Haverford Financial Services Inc. now owns 4,549 shares of the industrial products company’s stock worth $337,000 after buying an additional 30 shares in the last quarter. Institutional investors own 76.59% of the company’s stock.

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Shares of Eaton Corporation, PLC (ETN) opened at 73.99 on Tuesday. Eaton Corporation, PLC has a 1-year low of $59.07 and a 1-year high of $81.63. The firm has a market cap of $32.91 billion, a price-to-earnings ratio of 16.96 and a beta of 1.35. The company has a 50 day moving average of $78.18 and a 200 day moving average of $74.86.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 18th. Stockholders of record on Friday, August 4th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date of this dividend is Wednesday, August 2nd. Eaton Corporation, PLC’s dividend payout ratio is presently 54.79%.

Eaton Corporation, PLC Company Profile

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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