Franklin Electric Co., Inc. (FELE) to Release Earnings on Monday
Franklin Electric Co., Inc. (NASDAQ:FELE) will be releasing its earnings data on Monday, October 23rd. Analysts expect Franklin Electric Co. to post earnings of $0.49 per share for the quarter. Franklin Electric Co. has set its FY17 guidance at $1.87-1.97 EPS.
Franklin Electric Co. (NASDAQ:FELE) last released its earnings results on Tuesday, July 25th. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $310.13 million. During the same quarter in the prior year, the firm earned $0.51 EPS. The company’s revenue was up 21.1% compared to the same quarter last year. On average, analysts expect Franklin Electric Co. to post $1.9 EPS for the current fiscal year and $2.11 EPS for the next fiscal year.
Shares of Franklin Electric Co., Inc. (NASDAQ:FELE) opened at 45.00 on Monday. The stock has a market cap of $2.09 billion, a P/E ratio of 24.46 and a beta of 1.62. The firm has a 50-day moving average of $42.24 and a 200-day moving average of $40.77. Franklin Electric Co., Inc. has a 52-week low of $34.75 and a 52-week high of $46.95.
In other Franklin Electric Co. news, insider Robert J. Stone sold 39,260 shares of Franklin Electric Co. stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $45.00, for a total value of $1,766,700.00. Following the transaction, the insider now owns 39,392 shares of the company’s stock, valued at $1,772,640. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.54% of the company’s stock.
A number of research analysts recently issued reports on the stock. Robert W. Baird restated a “hold” rating and set a $45.00 price objective on shares of Franklin Electric Co. in a report on Wednesday, October 4th. Zacks Investment Research cut shares of Franklin Electric Co. from a “buy” rating to a “hold” rating in a report on Friday, October 6th. Boenning Scattergood restated an “outperform” rating and set a $52.00 price objective (up previously from $44.00) on shares of Franklin Electric Co. in a report on Wednesday, July 26th. Finally, BidaskClub cut shares of Franklin Electric Co. from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th.
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Franklin Electric Co. Company Profile
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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