Eaton Corporation, PLC (ETN) Set to Announce Quarterly Earnings on Monday
Eaton Corporation, PLC (NYSE:ETN) will announce its earnings results before the market opens on Monday, October 30th. Analysts expect the company to announce earnings of $1.27 per share for the quarter. Eaton Corporation, PLC has set its Q3 guidance at $1.20-1.30 EPS and its FY17 guidance at $4.50-4.70 EPS.
Eaton Corporation, PLC (NYSE:ETN) last released its earnings results on Tuesday, August 1st. The industrial products company reported $1.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.16 by ($0.01). The firm had revenue of $5.13 billion during the quarter, compared to analyst estimates of $5.14 billion. Eaton Corporation, PLC had a net margin of 9.95% and a return on equity of 12.93%. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period last year, the business posted $1.07 earnings per share. On average, analysts expect Eaton Corporation, PLC to post $4.59 EPS for the current fiscal year and $5.11 EPS for the next fiscal year.
Shares of Eaton Corporation, PLC (NYSE:ETN) opened at 78.93 on Monday. The firm has a market capitalization of $35.11 billion, a PE ratio of 18.09 and a beta of 1.36. Eaton Corporation, PLC has a 1-year low of $59.07 and a 1-year high of $81.63. The stock has a 50 day moving average price of $76.53 and a 200 day moving average price of $76.10.
In other Eaton Corporation, PLC news, Director Deborah L. Mccoy sold 6,450 shares of the stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $73.17, for a total transaction of $471,946.50. Following the completion of the sale, the director now directly owns 46,386 shares in the company, valued at approximately $3,394,063.62. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.80% of the company’s stock.
ETN has been the subject of a number of recent research reports. Zacks Investment Research upgraded Eaton Corporation, PLC from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a report on Wednesday, July 5th. Stifel Nicolaus restated a “hold” rating and issued a $80.00 price objective on shares of Eaton Corporation, PLC in a report on Friday, July 7th. Wolfe Research initiated coverage on Eaton Corporation, PLC in a report on Tuesday, July 11th. They issued a “market perform” rating for the company. Royal Bank Of Canada restated a “hold” rating and issued a $78.00 price objective on shares of Eaton Corporation, PLC in a report on Wednesday, July 12th. Finally, BidaskClub downgraded Eaton Corporation, PLC from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company. Eaton Corporation, PLC currently has an average rating of “Hold” and an average target price of $81.38.
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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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