Wall Street brokerages expect Emerson Electric Company (NYSE:EMR) to post $3.71 billion in sales for the current quarter, according to Zacks. Five analysts have made estimates for Emerson Electric’s earnings, with the lowest sales estimate coming in at $3.64 billion and the highest estimate coming in at $3.77 billion. Emerson Electric reported sales of $3.22 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 15.2%. The business is scheduled to issue its next earnings report on Tuesday, February 6th.

According to Zacks, analysts expect that Emerson Electric will report full year sales of $3.71 billion for the current year, with estimates ranging from $16.65 billion to $16.89 billion. For the next year, analysts forecast that the company will report sales of $17.56 billion per share, with estimates ranging from $17.36 billion to $17.72 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Emerson Electric.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Tuesday, November 7th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.83. The firm had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.43 billion. Emerson Electric had a return on equity of 20.47% and a net margin of 9.94%. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period last year, the company earned $0.74 EPS.

Several equities analysts have recently weighed in on the company. Zacks Investment Research raised Emerson Electric from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Cowen raised Emerson Electric to a “buy” rating and set a $71.00 price objective on the stock in a research note on Monday, October 23rd. Bank of America raised Emerson Electric from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $64.44 to $79.00 in a research note on Tuesday, October 17th. J P Morgan Chase & Co assumed coverage on Emerson Electric in a research note on Wednesday. They issued a “neutral” rating on the stock. Finally, Citigroup reaffirmed a “sell” rating and issued a $61.00 price objective (up from $58.00) on shares of Emerson Electric in a research note on Monday, October 9th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $65.14.

Several large investors have recently made changes to their positions in EMR. NN Investment Partners Holdings N.V. raised its holdings in shares of Emerson Electric by 29.6% during the 1st quarter. NN Investment Partners Holdings N.V. now owns 11,814 shares of the industrial products company’s stock valued at $707,000 after buying an additional 2,700 shares during the period. Quantbot Technologies LP purchased a new stake in Emerson Electric during the 1st quarter worth approximately $4,047,000. Wilkins Investment Counsel Inc. increased its holdings in Emerson Electric by 0.6% during the 1st quarter. Wilkins Investment Counsel Inc. now owns 111,990 shares of the industrial products company’s stock worth $6,704,000 after purchasing an additional 700 shares during the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. increased its holdings in Emerson Electric by 0.8% during the 1st quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 16,079 shares of the industrial products company’s stock worth $962,000 after purchasing an additional 125 shares during the last quarter. Finally, KBC Group NV increased its holdings in Emerson Electric by 17.5% during the 1st quarter. KBC Group NV now owns 72,704 shares of the industrial products company’s stock worth $4,352,000 after purchasing an additional 10,813 shares during the last quarter. Institutional investors and hedge funds own 69.19% of the company’s stock.

Emerson Electric (NYSE EMR) traded up $0.95 during midday trading on Thursday, hitting $64.82. The stock had a trading volume of 5,307,042 shares, compared to its average volume of 3,432,592. The firm has a market cap of $41,560.00, a price-to-earnings ratio of 24.86, a P/E/G ratio of 3.02 and a beta of 1.24. Emerson Electric has a fifty-two week low of $53.92 and a fifty-two week high of $67.79. The company has a quick ratio of 1.30, a current ratio of 1.64 and a debt-to-equity ratio of 0.43.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Friday, November 17th will be issued a dividend of $0.485 per share. This is an increase from Emerson Electric’s previous quarterly dividend of $0.48. This represents a $1.94 annualized dividend and a dividend yield of 2.99%. The ex-dividend date of this dividend is Thursday, November 16th. Emerson Electric’s dividend payout ratio (DPR) is presently 75.78%.

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Emerson Electric Company Profile

Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.

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Earnings History and Estimates for Emerson Electric (NYSE:EMR)

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