Brokerages Expect Franklin Electric Co. (FELE) Will Post Earnings of $0.45 Per Share

Equities research analysts expect Franklin Electric Co. (NASDAQ:FELE) to post $0.45 earnings per share for the current quarter, according to Zacks. Two analysts have made estimates for Franklin Electric’s earnings, with the highest EPS estimate coming in at $0.48 and the lowest estimate coming in at $0.43. Franklin Electric posted earnings of $0.38 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 18.4%. The business is scheduled to report its next earnings report before the market opens on Tuesday, February 20th.

On average, analysts expect that Franklin Electric will report full-year earnings of $1.90 per share for the current fiscal year, with EPS estimates ranging from $1.88 to $1.92. For the next year, analysts expect that the company will post earnings of $2.12 per share, with EPS estimates ranging from $2.07 to $2.20. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Franklin Electric.

FELE has been the topic of a number of research analyst reports. Boenning Scattergood reaffirmed a “buy” rating on shares of Franklin Electric in a report on Tuesday, October 24th. Robert W. Baird raised their target price on Franklin Electric from $45.00 to $47.00 and gave the company a “neutral” rating in a report on Wednesday, October 25th. Seaport Global Securities reaffirmed a “neutral” rating on shares of Franklin Electric in a report on Wednesday, October 25th. BidaskClub downgraded Franklin Electric from a “hold” rating to a “sell” rating in a report on Friday, December 22nd. Finally, Zacks Investment Research raised Franklin Electric from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a report on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Franklin Electric has an average rating of “Hold” and a consensus price target of $50.00.

Several hedge funds have recently modified their holdings of the business. Citadel Advisors LLC boosted its holdings in shares of Franklin Electric by 10.2% in the 4th quarter. Citadel Advisors LLC now owns 62,772 shares of the industrial products company’s stock valued at $2,881,000 after purchasing an additional 5,789 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Franklin Electric by 1.3% in the 4th quarter. BlackRock Inc. now owns 5,311,651 shares of the industrial products company’s stock valued at $243,805,000 after acquiring an additional 68,462 shares during the last quarter. Schroder Investment Management Group lifted its stake in shares of Franklin Electric by 2.6% in the 4th quarter. Schroder Investment Management Group now owns 823,465 shares of the industrial products company’s stock valued at $37,797,000 after acquiring an additional 20,924 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Franklin Electric by 9.2% in the 4th quarter. Bank of New York Mellon Corp now owns 668,267 shares of the industrial products company’s stock valued at $30,675,000 after acquiring an additional 56,217 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake in shares of Franklin Electric by 11.8% in the 4th quarter. Rhumbline Advisers now owns 107,239 shares of the industrial products company’s stock valued at $4,922,000 after acquiring an additional 11,303 shares during the last quarter. 76.38% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Franklin Electric (NASDAQ FELE) traded up $0.15 during mid-day trading on Monday, hitting $41.65. The company’s stock had a trading volume of 214,200 shares, compared to its average volume of 120,377. The firm has a market cap of $1,940.75, a P/E ratio of 22.39 and a beta of 1.53. Franklin Electric has a 52-week low of $36.00 and a 52-week high of $47.20. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.13 and a current ratio of 2.35.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st will be issued a $0.108 dividend. This represents a $0.43 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date is Wednesday, January 31st. Franklin Electric’s dividend payout ratio is presently 23.12%.

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About Franklin Electric

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.

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Earnings History and Estimates for Franklin Electric (NASDAQ:FELE)

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