Analysts predict that Emerson Electric Co. (NYSE:EMR) will announce $4.24 billion in sales for the current quarter, according to Zacks. Six analysts have provided estimates for Emerson Electric’s earnings. The lowest sales estimate is $4.20 billion and the highest is $4.27 billion. Emerson Electric reported sales of $3.82 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 11%. The firm is scheduled to report its next quarterly earnings results on Tuesday, February 5th.
According to Zacks, analysts expect that Emerson Electric will report full year sales of $19.00 billion for the current year, with estimates ranging from $18.86 billion to $19.24 billion. For the next year, analysts forecast that the company will post sales of $20.10 billion, with estimates ranging from $19.73 billion to $20.63 billion. Zacks’ sales calculations are an average based on a survey of research analysts that follow Emerson Electric.
Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Tuesday, November 6th. The industrial products company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.03). Emerson Electric had a net margin of 12.65% and a return on equity of 23.06%. The business had revenue of $4.89 billion during the quarter, compared to analyst estimates of $4.91 billion. During the same quarter in the previous year, the firm posted $0.83 earnings per share. The firm’s quarterly revenue was up 10.2% on a year-over-year basis.
Several equities research analysts have issued reports on EMR shares. Cowen reiterated a “buy” rating and issued a $81.00 price target on shares of Emerson Electric in a research note on Tuesday, November 6th. Argus lifted their price target on shares of Emerson Electric from $81.00 to $83.00 and gave the company a “buy” rating in a research note on Tuesday, August 14th. UBS Group lifted their price target on shares of Emerson Electric from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, August 30th. Zacks Investment Research upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a research note on Thursday, October 4th. Finally, Bank of America boosted their price objective on shares of Emerson Electric from $82.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, October 4th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $78.39.
Shares of EMR stock opened at $62.95 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.78 and a debt-to-equity ratio of 0.35. Emerson Electric has a 1 year low of $62.04 and a 1 year high of $79.70. The firm has a market capitalization of $41.11 billion, a price-to-earnings ratio of 18.62, a price-to-earnings-growth ratio of 2.01 and a beta of 1.21.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Friday, November 16th will be paid a dividend of $0.49 per share. The ex-dividend date is Thursday, November 15th. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.49. This represents a $1.96 annualized dividend and a dividend yield of 3.11%. Emerson Electric’s payout ratio is currently 57.99%.
In related news, insider Surendralal Lanca Karsanbhai sold 9,070 shares of Emerson Electric stock in a transaction dated Wednesday, November 28th. The shares were sold at an average price of $68.00, for a total transaction of $616,760.00. Following the completion of the sale, the insider now owns 20,000 shares of the company’s stock, valued at approximately $1,360,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Edward L. Monser sold 60,000 shares of Emerson Electric stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $76.10, for a total transaction of $4,566,000.00. Following the sale, the president now directly owns 176,477 shares of the company’s stock, valued at approximately $13,429,899.70. The disclosure for this sale can be found here. 0.79% of the stock is owned by insiders.
Several hedge funds have recently made changes to their positions in EMR. Bank of New York Mellon Corp boosted its holdings in shares of Emerson Electric by 3,146,008.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 9,375,404 shares of the industrial products company’s stock worth $717,967,000 after buying an additional 9,375,106 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Emerson Electric by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 51,601,229 shares of the industrial products company’s stock worth $3,951,622,000 after buying an additional 1,214,362 shares during the period. Millennium Management LLC boosted its holdings in shares of Emerson Electric by 1,480.3% during the 2nd quarter. Millennium Management LLC now owns 1,156,665 shares of the industrial products company’s stock worth $79,972,000 after buying an additional 1,083,470 shares during the period. Capital World Investors boosted its holdings in shares of Emerson Electric by 7.0% during the 3rd quarter. Capital World Investors now owns 15,250,142 shares of the industrial products company’s stock worth $1,167,856,000 after buying an additional 1,000,000 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its holdings in shares of Emerson Electric by 424.9% during the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 792,956 shares of the industrial products company’s stock worth $60,725,000 after buying an additional 641,890 shares during the period. 70.55% of the stock is owned by institutional investors and hedge funds.
Emerson Electric Company Profile
Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and residential markets worldwide. The company's Automation Solutions segment offers software; measurement and analytical instrumentation; valves, actuators, and regulators; industry services and solutions; process control systems and solutions; and digital plant solutions.
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