Analysts expect Franklin Electric Co., Inc. (NASDAQ:FELE) to announce $0.51 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Franklin Electric Co.’s earnings, with the lowest EPS estimate coming in at $0.47 and the highest estimate coming in at $0.56. Franklin Electric Co. posted earnings of $0.48 per share during the same quarter last year, which would suggest a positive year over year growth rate of 6.3%. The business is expected to issue its next earnings report on Tuesday, October 24th.

On average, analysts expect that Franklin Electric Co. will report full year earnings of $1.87 per share for the current fiscal year, with EPS estimates ranging from $1.74 to $1.95. For the next fiscal year, analysts anticipate that the business will post earnings of $2.04 per share, with EPS estimates ranging from $2.00 to $2.10. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for Franklin Electric Co..

Franklin Electric Co. (NASDAQ:FELE) last issued its earnings results on Tuesday, July 25th. The industrial products company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.04. Franklin Electric Co. had a net margin of 8.62% and a return on equity of 13.10%. The company had revenue of $305.35 million for the quarter, compared to analyst estimates of $310.13 million. During the same period in the prior year, the business posted $0.51 earnings per share. The firm’s revenue for the quarter was up 21.1% compared to the same quarter last year.

Several equities analysts have commented on FELE shares. Zacks Investment Research raised shares of Franklin Electric Co. from a “sell” rating to a “hold” rating and set a $45.00 target price on the stock in a research note on Wednesday, July 26th. BidaskClub raised shares of Franklin Electric Co. from a “hold” rating to a “buy” rating in a research note on Friday, June 30th. Finally, Boenning Scattergood reissued an “outperform” rating and set a $52.00 target price (up previously from $44.00) on shares of Franklin Electric Co. in a research note on Wednesday, July 26th.

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In other Franklin Electric Co. news, insider Robert J. Stone sold 39,260 shares of the firm’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $45.00, for a total transaction of $1,766,700.00. Following the transaction, the insider now owns 39,392 shares of the company’s stock, valued at approximately $1,772,640. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Delancey W. Davis sold 4,071 shares of the firm’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $34.45, for a total transaction of $140,245.95. The disclosure for this sale can be found here. In the last three months, insiders have sold 47,331 shares of company stock worth $2,070,946. 2.54% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in Franklin Electric Co. by 26,341.4% in the first quarter. BlackRock Inc. now owns 5,205,518 shares of the industrial products company’s stock valued at $224,097,000 after buying an additional 5,185,831 shares during the last quarter. Vanguard Group Inc. boosted its position in Franklin Electric Co. by 1.1% in the second quarter. Vanguard Group Inc. now owns 3,897,548 shares of the industrial products company’s stock valued at $161,359,000 after buying an additional 41,940 shares during the last quarter. Wells Fargo & Company MN boosted its position in Franklin Electric Co. by 4.7% in the second quarter. Wells Fargo & Company MN now owns 1,700,634 shares of the industrial products company’s stock valued at $70,406,000 after buying an additional 76,710 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Franklin Electric Co. by 1.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,594,418 shares of the industrial products company’s stock valued at $66,008,000 after buying an additional 18,598 shares in the last quarter. Finally, Royce & Associates LP boosted its position in shares of Franklin Electric Co. by 29.6% in the second quarter. Royce & Associates LP now owns 1,471,248 shares of the industrial products company’s stock valued at $60,910,000 after buying an additional 335,900 shares in the last quarter. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Franklin Electric Co. (NASDAQ:FELE) opened at 39.80 on Tuesday. The firm’s 50-day moving average is $40.90 and its 200 day moving average is $40.70. Franklin Electric Co. has a 12 month low of $34.75 and a 12 month high of $46.50. The firm has a market capitalization of $1.85 billion, a price-to-earnings ratio of 21.63 and a beta of 1.60.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 17th. Shareholders of record on Thursday, August 3rd will be paid a dividend of $0.108 per share. The ex-dividend date is Tuesday, August 1st. This represents a $0.43 annualized dividend and a yield of 1.09%. Franklin Electric Co.’s payout ratio is 23.37%.

About Franklin Electric Co.

Franklin Electric Co, Inc designs, manufactures and distributes water and fuel pumping systems, consisting of submersible motors, pumps, electronic controls and related parts and equipment. Its segments include Water Systems segment, the Fueling Systems segment and Other. Its Water Systems segment is engaged in the production and marketing of water pumping systems and offers motors, pumps, drives, electronic controls and monitoring devices.

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Earnings History and Estimates for Franklin Electric Co. (NASDAQ:FELE)

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