Franklin Electric Co., Inc. (NASDAQ:FELE) posted its earnings results on Tuesday. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01, Bloomberg Earnings reports. The firm had revenue of $311.11 million during the quarter, compared to analyst estimates of $317.54 million. Franklin Electric Co. had a net margin of 8.62% and a return on equity of 13.10%. Franklin Electric Co.’s revenue was up 29.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.48 EPS.

Shares of Franklin Electric Co. (NASDAQ FELE) opened at 43.70 on Wednesday. Franklin Electric Co. has a 52-week low of $34.75 and a 52-week high of $46.95. The firm’s 50 day moving average is $43.36 and its 200-day moving average is $40.94. The company has a market capitalization of $2.03 billion, a P/E ratio of 23.75 and a beta of 1.63.

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 16th. Shareholders of record on Thursday, November 2nd will be paid a dividend of $0.1075 per share. This represents a $0.43 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Wednesday, November 1st. Franklin Electric Co.’s payout ratio is 23.37%.

A number of research analysts have issued reports on the stock. Robert W. Baird reissued a “hold” rating and set a $45.00 target price on shares of Franklin Electric Co. in a research note on Wednesday, October 4th. Zacks Investment Research lowered shares of Franklin Electric Co. from a “buy” rating to a “hold” rating in a research note on Friday, October 6th. Boenning Scattergood reissued a “buy” rating on shares of Franklin Electric Co. in a research note on Tuesday. Finally, BidaskClub lowered shares of Franklin Electric Co. from a “buy” rating to a “hold” rating in a research note 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.

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

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