Eaton (ETN) Scheduled to Post Quarterly Earnings on Wednesday

Eaton (NYSE:ETN) is scheduled to be announcing its earnings results before the market opens on Wednesday, January 31st.

Eaton (NYSE:ETN) last posted its quarterly earnings results on Tuesday, October 31st. The industrial products company reported $1.25 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.25. The firm had revenue of $5.21 billion for the quarter, compared to analyst estimates of $5.12 billion. Eaton had a net margin of 14.21% and a return on equity of 12.89%. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.16 earnings per share. On average, analysts expect Eaton to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Eaton (NYSE ETN) opened at $85.12 on Wednesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.43 and a quick ratio of 1.02. The stock has a market cap of $37,170.00, a P/E ratio of 19.52, a price-to-earnings-growth ratio of 1.98 and a beta of 1.38. Eaton has a 12-month low of $67.75 and a 12-month high of $85.32.

Several research firms have weighed in on ETN. Robert W. Baird upgraded shares of Eaton from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $82.00 to $92.00 in a research report on Wednesday, January 3rd. Zacks Investment Research cut shares of Eaton from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. Morgan Stanley reiterated an “overweight” rating and set a $88.00 price objective (up from $87.00) on shares of Eaton in a research report on Monday, October 2nd. Stifel Nicolaus reiterated a “hold” rating and set a $80.00 price objective on shares of Eaton in a research report on Monday, December 11th. Finally, Credit Suisse Group reiterated an “outperform” rating and set a $92.00 price objective (up from $86.00) on shares of Eaton in a research report on Wednesday, November 1st. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $83.67.

In other Eaton news, Director Christopher M. Connor sold 6,450 shares of Eaton stock in a transaction on Friday, November 10th. The shares were sold at an average price of $78.04, for a total transaction of $503,358.00. Following the completion of the sale, the director now owns 20,100 shares of the company’s stock, valued at approximately $1,568,604. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Revathi Advaithi sold 23,743 shares of Eaton stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $78.36, for a total transaction of $1,860,501.48. Following the sale, the insider now directly owns 31,028 shares of the company’s stock, 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 valued at $4,597,529 in the last three months. Company insiders own 0.80% of the company’s stock.

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About Eaton

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.

Earnings History for Eaton (NYSE:ETN)

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