Brokerages expect Emerson Electric Co. (NYSE:EMR) to announce earnings per share (EPS) of $0.71 for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have made estimates for Emerson Electric’s earnings. The lowest EPS estimate is $0.69 and the highest is $0.74. Emerson Electric posted earnings of $0.58 per share in the same quarter last year, which suggests a positive year over year growth rate of 22.4%. The business is expected to issue its next quarterly earnings report on Tuesday, May 1st.
According to Zacks, analysts expect that Emerson Electric will report full-year earnings of $3.11 per share for the current year, with EPS estimates ranging from $3.00 to $3.15. For the next fiscal year, analysts forecast that the firm will post earnings of $3.62 per share, with EPS estimates ranging from $3.55 to $3.75. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Emerson Electric.
Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.04. The firm had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.72 billion. Emerson Electric had a net margin of 10.09% and a return on equity of 20.73%. The firm’s quarterly revenue was up 18.7% on a year-over-year basis. During the same quarter last year, the company posted $0.49 EPS.
Emerson Electric (NYSE:EMR) traded up $0.05 during trading hours on Friday, hitting $71.47. 459,278 shares of the company were exchanged, compared to its average volume of 3,583,024. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.32 and a quick ratio of 1.02. The stock has a market cap of $45,879.71, a PE ratio of 28.82, a P/E/G ratio of 2.20 and a beta of 1.15. Emerson Electric has a 1 year low of $56.77 and a 1 year high of $74.45.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Friday, February 16th were issued a $0.485 dividend. The ex-dividend date was Thursday, February 15th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.71%. Emerson Electric’s payout ratio is 78.23%.
Several institutional investors and hedge funds have recently made changes to their positions in EMR. G&S Capital LLC purchased a new position in shares of Emerson Electric in the 4th quarter valued at $101,000. Tower Research Capital LLC TRC purchased a new position in shares of Emerson Electric in the 2nd quarter valued at $109,000. Cerebellum GP LLC purchased a new position in shares of Emerson Electric in the 4th quarter valued at $129,000. Intellectus Partners LLC grew its position in shares of Emerson Electric by 0.3% in the 2nd quarter. Intellectus Partners LLC now owns 2,094 shares of the industrial products company’s stock valued at $125,000 after buying an additional 7 shares during the last quarter. Finally, Global Trust Asset Management LLC purchased a new position in shares of Emerson Electric in the 4th quarter valued at $146,000. Institutional investors and hedge funds own 69.96% of the company’s stock.
Emerson Electric Company Profile
Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.
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