Emerson Electric Company (EMR) Expected to Announce Earnings of $0.54 Per Share
Equities analysts expect Emerson Electric Company (NYSE:EMR) to announce earnings per share (EPS) of $0.54 for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Emerson Electric’s earnings, with the highest EPS estimate coming in at $0.58 and the lowest estimate coming in at $0.51. Emerson Electric posted earnings per share of $0.49 in the same quarter last year, which suggests a positive year over year growth rate of 10.2%. The firm is expected to issue its next earnings report on Tuesday, February 6th.
According to Zacks, analysts expect that Emerson Electric will report full-year earnings of $2.92 per share for the current fiscal year, with EPS estimates ranging from $2.85 to $3.00. For the next year, analysts expect that the business will report earnings of $3.26 per share, with EPS estimates ranging from $3.20 to $3.32. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Emerson Electric.
Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Tuesday, November 7th. The industrial products company reported $0.83 EPS for the quarter, hitting the consensus estimate of $0.83. The business had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.43 billion. Emerson Electric had a net margin of 9.94% and a return on equity of 20.47%. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.74 earnings per share.
In other news, VP Frank J. Dellaquila sold 2,100 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $64.77, for a total value of $136,017.00. Following the sale, the vice president now owns 178,743 shares of the company’s stock, valued at $11,577,184.11. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Bell Katherine Button sold 7,909 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $64.78, for a total transaction of $512,345.02. Following the completion of the sale, the vice president now directly owns 44,628 shares in the company, valued at approximately $2,891,001.84. The disclosure for this sale can be found here. In the last three months, insiders sold 27,017 shares of company stock worth $1,771,129. Insiders own 0.79% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the stock. Parametric Portfolio Associates LLC increased its holdings in Emerson Electric by 6.0% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 2,004,779 shares of the industrial products company’s stock worth $125,980,000 after acquiring an additional 112,821 shares during the period. Chicago Partners Investment Group LLC increased its holdings in Emerson Electric by 137.5% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 5,700 shares of the industrial products company’s stock worth $358,000 after acquiring an additional 3,300 shares during the period. Steward Partners Investment Advisory LLC bought a new stake in Emerson Electric during the 3rd quarter worth approximately $2,167,000. Public Employees Retirement System of Ohio increased its holdings in Emerson Electric by 0.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 464,417 shares of the industrial products company’s stock worth $29,184,000 after acquiring an additional 1,622 shares during the period. Finally, GSA Capital Partners LLP increased its holdings in Emerson Electric by 11.0% during the 3rd quarter. GSA Capital Partners LLP now owns 12,744 shares of the industrial products company’s stock worth $801,000 after acquiring an additional 1,266 shares during the period. 69.00% of the stock is currently owned by institutional investors and hedge funds.
Shares of Emerson Electric (NYSE:EMR) opened at $67.26 on Friday. The company has a market cap of $42,687.43, a PE ratio of 25.78, a price-to-earnings-growth ratio of 2.99 and a beta of 1.24. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.64 and a quick ratio of 1.30. Emerson Electric has a 12-month low of $55.40 and a 12-month high of $67.83.
The firm also recently declared a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Friday, November 17th were given a $0.485 dividend. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $1.94 annualized dividend and a dividend yield of 2.88%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.48. Emerson Electric’s payout ratio is 82.55%.
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About Emerson Electric
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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