$4.24 Billion in Sales Expected for Emerson Electric Co. (EMR) This Quarter

Brokerages expect that Emerson Electric Co. (NYSE:EMR) will announce sales of $4.24 billion for the current fiscal 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 in the same quarter last year, which indicates a positive year over year growth rate of 11%. The business is expected to announce its next 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 financial year, with estimates ranging from $18.86 billion to $19.24 billion. For the next financial year, analysts expect that the firm will report sales of $20.10 billion, with estimates ranging from $19.73 billion to $20.63 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Emerson Electric.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Tuesday, November 6th. The industrial products company reported $0.89 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.92 by ($0.03). The company had revenue of $4.89 billion for the quarter, compared to analysts’ expectations of $4.91 billion. Emerson Electric had a return on equity of 23.06% and a net margin of 12.65%. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.83 EPS.

A number of research firms have weighed in on EMR. Barclays increased their price target on shares of Emerson Electric from $80.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, August 9th. Zacks Investment Research raised shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a research report on Monday, August 6th. Berenberg Bank set a $67.00 price objective on shares of Emerson Electric and gave the stock a “hold” rating in a research report on Monday. UBS Group increased their price objective on shares of Emerson Electric from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, August 30th. Finally, Cowen reissued a “buy” rating and issued a $81.00 price objective on shares of Emerson Electric in a research report on Wednesday, September 19th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the stock. Emerson Electric currently has an average rating of “Hold” and an average target price of $78.30.

NYSE:EMR traded down $1.12 during trading hours on Friday, reaching $68.50. 274,182 shares of the company were exchanged, compared to its average volume of 4,387,486. The company has a quick ratio of 0.78, a current ratio of 1.07 and a debt-to-equity ratio of 0.35. The company has a market cap of $43.75 billion, a P/E ratio of 20.26, a P/E/G ratio of 2.13 and a beta of 1.20. Emerson Electric has a 52-week low of $58.69 and a 52-week high of $79.70.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Friday, November 16th will be given a $0.49 dividend. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $1.96 annualized dividend and a dividend yield of 2.86%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.49. Emerson Electric’s dividend payout ratio is presently 57.99%.

In related news, President Edward L. Monser sold 60,000 shares of the firm’s stock in a transaction on Monday, September 10th. The shares were sold at an average price of $76.10, for a total transaction of $4,566,000.00. Following the completion of the sale, the president now directly owns 176,477 shares of the company’s stock, valued at approximately $13,429,899.70. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Edward L. Monser sold 30,000 shares of the firm’s stock in a transaction on Friday, September 7th. The shares were sold at an average price of $75.84, for a total transaction of $2,275,200.00. Following the sale, the president now directly owns 176,477 shares of the company’s stock, valued at $13,384,015.68. The disclosure for this sale can be found here. 0.84% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in Emerson Electric during the 2nd quarter worth $102,000. Kiley Juergens Wealth Management LLC acquired a new position in Emerson Electric during the 2nd quarter worth $105,000. Kaizen Advisory LLC grew its holdings in Emerson Electric by 151.1% during the 2nd quarter. Kaizen Advisory LLC now owns 1,539 shares of the industrial products company’s stock worth $106,000 after acquiring an additional 926 shares in the last quarter. Tradewinds Capital Management LLC grew its holdings in Emerson Electric by 584.1% during the 3rd quarter. Tradewinds Capital Management LLC now owns 1,416 shares of the industrial products company’s stock worth $108,000 after acquiring an additional 1,209 shares in the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in Emerson Electric during the 2nd quarter worth $113,000. 69.93% 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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