Emerson Electric Co. (NYSE:EMR) to Post Q1 2020 Earnings of $0.65 Per Share, William Blair Forecasts

Emerson Electric Co. (NYSE:EMR) – Equities researchers at William Blair decreased their Q1 2020 EPS estimates for shares of Emerson Electric in a research report issued to clients and investors on Tuesday, November 5th. William Blair analyst N. Heymann now anticipates that the industrial products company will post earnings of $0.65 per share for the quarter, down from their previous estimate of $0.73. William Blair also issued estimates for Emerson Electric’s Q2 2020 earnings at $0.84 EPS, Q3 2020 earnings at $0.97 EPS, Q4 2020 earnings at $1.14 EPS and FY2020 earnings at $3.60 EPS.

Several other research analysts have also weighed in on the stock. Credit Suisse Group increased their price objective on shares of Emerson Electric from $73.00 to $80.00 and gave the stock an “outperform” rating in a report on Wednesday. Royal Bank of Canada upgraded shares of Emerson Electric from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $65.00 to $77.00 in a report on Monday, September 30th. Barclays cut their price target on shares of Emerson Electric from $65.00 to $64.00 and set an “equal weight” rating on the stock in a report on Monday, September 30th. Wolfe Research set a $72.00 price target on shares of Emerson Electric and gave the company a “buy” rating in a report on Thursday, September 26th. Finally, Argus lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $73.86.

Shares of EMR stock traded up $0.09 during trading hours on Friday, hitting $73.88. 2,206,288 shares of the company were exchanged, compared to its average volume of 3,242,199. The firm has a market cap of $45.39 billion, a PE ratio of 20.02, a PEG ratio of 2.52 and a beta of 1.37. Emerson Electric has a 1 year low of $55.38 and a 1 year high of $75.54. The company has a quick ratio of 0.85, a current ratio of 1.19 and a debt-to-equity ratio of 0.52. The firm has a fifty day moving average of $67.96 and a 200 day moving average of $64.99.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $1.07 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.07. The business had revenue of $4.97 billion for the quarter, compared to analyst estimates of $5.02 billion. Emerson Electric had a net margin of 12.55% and a return on equity of 26.32%. The company’s revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.89 EPS.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Emerson Electric by 0.6% during the second quarter. Vanguard Group Inc. now owns 47,199,698 shares of the industrial products company’s stock valued at $3,149,164,000 after purchasing an additional 261,666 shares during the period. Longview Partners Guernsey LTD raised its stake in shares of Emerson Electric by 13.7% during the second quarter. Longview Partners Guernsey LTD now owns 16,863,972 shares of the industrial products company’s stock valued at $1,125,164,000 after purchasing an additional 2,034,380 shares during the period. Northern Trust Corp raised its stake in shares of Emerson Electric by 0.4% during the second quarter. Northern Trust Corp now owns 9,480,062 shares of the industrial products company’s stock valued at $632,511,000 after purchasing an additional 36,921 shares during the period. Morgan Stanley raised its stake in shares of Emerson Electric by 41.3% during the second quarter. Morgan Stanley now owns 6,534,287 shares of the industrial products company’s stock valued at $435,968,000 after purchasing an additional 1,909,769 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Emerson Electric by 3.1% during the second quarter. Charles Schwab Investment Management Inc. now owns 4,830,660 shares of the industrial products company’s stock valued at $322,302,000 after purchasing an additional 146,741 shares during the period. Institutional investors own 70.32% of the company’s stock.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.71%. Emerson Electric’s dividend payout ratio is currently 53.12%.

Emerson Electric Company Profile

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.

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Earnings History and Estimates for Emerson Electric (NYSE:EMR)

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