Wall Street analysts forecast that Eaton Corporation, PLC (NYSE:ETN) will announce sales of $5.09 billion for the current quarter, according to Zacks. Eight analysts have made estimates for Eaton’s earnings, with the highest sales estimate coming in at $5.16 billion and the lowest estimate coming in at $5.04 billion. Eaton reported sales of $4.87 billion during the same quarter last year, which would suggest a positive year over year growth rate of 4.5%. The company is scheduled to announce its next earnings results on Thursday, February 1st.

According to Zacks, analysts expect that Eaton will report full-year sales of $5.09 billion for the current financial year, with estimates ranging from $20.23 billion to $20.35 billion. For the next year, analysts expect that the firm will report sales of $21.05 billion per share, with estimates ranging from $20.78 billion to $21.29 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that that provide coverage for Eaton.

Eaton (NYSE:ETN) last issued its quarterly earnings results on Tuesday, October 31st. The industrial products company reported $1.25 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.25. Eaton had a net margin of 14.21% and a return on equity of 12.89%. The company had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $5.12 billion. During the same quarter in the prior year, the company earned $1.16 EPS. Eaton’s quarterly revenue was up 6.4% on a year-over-year basis.

ETN has been the topic of several recent research reports. Citigroup upped their price objective on Eaton from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Credit Suisse Group restated an “outperform” rating and issued a $92.00 price objective (up previously from $86.00) on shares of Eaton in a research report on Wednesday, November 1st. Buckingham Research initiated coverage on Eaton in a research report on Tuesday, October 17th. They issued a “neutral” rating and a $82.00 price objective on the stock. Oppenheimer restated a “hold” rating on shares of Eaton in a research report on Tuesday, October 31st. Finally, Stifel Nicolaus restated a “hold” rating and issued a $85.00 price objective on shares of Eaton in a research report on Friday, November 3rd. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $82.69.

Shares of Eaton (NYSE ETN) opened at $77.29 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.43 and a quick ratio of 1.02. Eaton has a 52-week low of $66.60 and a 52-week high of $82.34. The company has a market capitalization of $34,053.98, a P/E ratio of 17.25, a price-to-earnings-growth ratio of 1.99 and a beta of 1.38.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 17th. Stockholders of record on Friday, November 3rd were given a dividend of $0.60 per share. The ex-dividend date was Thursday, November 2nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.11%. Eaton’s dividend payout ratio (DPR) is 37.68%.

In other news, Director Charles E. Golden sold 4,311 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $76.03, for a total transaction of $327,765.33. Following the transaction, the director now owns 20,275 shares in the company, valued at approximately $1,541,508.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Revathi Advaithi sold 23,743 shares of the stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $78.36, for a total value of $1,860,501.48. Following the transaction, the insider now owns 31,028 shares in the company, valued at approximately $2,431,354.08. The disclosure for this sale can be found here. Insiders have sold a total of 58,938 shares of company stock worth $4,597,529 in the last quarter. Insiders own 0.80% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Schroder Investment Management Group lifted its position in shares of Eaton by 24.4% during the 2nd quarter. Schroder Investment Management Group now owns 3,262,517 shares of the industrial products company’s stock valued at $250,007,000 after buying an additional 640,198 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Eaton by 0.4% during the 3rd quarter. Rhumbline Advisers now owns 779,539 shares of the industrial products company’s stock valued at $59,861,000 after buying an additional 3,338 shares in the last quarter. PGGM Investments lifted its holdings in Eaton by 142.1% in the 3rd quarter. PGGM Investments now owns 703,839 shares of the industrial products company’s stock valued at $54,048,000 after purchasing an additional 413,096 shares in the last quarter. Davis Selected Advisers lifted its holdings in Eaton by 4.1% in the 2nd quarter. Davis Selected Advisers now owns 533,228 shares of the industrial products company’s stock valued at $41,501,000 after purchasing an additional 21,036 shares in the last quarter. Finally, Nationwide Fund Advisors lifted its holdings in Eaton by 3.0% in the 3rd quarter. Nationwide Fund Advisors now owns 466,338 shares of the industrial products company’s stock valued at $35,810,000 after purchasing an additional 13,419 shares in the last quarter. Hedge funds and other institutional investors own 76.65% of the company’s stock.

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Eaton 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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Earnings History and Estimates for Eaton (NYSE:ETN)

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