Equities research analysts forecast that Eaton Co. plc (NYSE:ETN – Get Rating) will report $4.81 billion in sales for the current quarter, according to Zacks. Six analysts have issued estimates for Eaton’s earnings, with the lowest sales estimate coming in at $4.74 billion and the highest estimate coming in at $4.85 billion. Eaton posted sales of $4.69 billion in the same quarter last year, which would indicate a positive year over year growth rate of 2.6%. The company is expected to announce its next quarterly earnings results on Monday, January 1st.
According to Zacks, analysts expect that Eaton will report full-year sales of $20.44 billion for the current fiscal year, with estimates ranging from $20.36 billion to $20.53 billion. For the next fiscal year, analysts anticipate that the business will post sales of $21.76 billion, with estimates ranging from $21.60 billion to $21.91 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Eaton.
Eaton (NYSE:ETN – Get Rating) last posted its earnings results on Friday, February 4th. The industrial products company reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $0.01. The firm had revenue of $4.80 billion for the quarter, compared to the consensus estimate of $4.91 billion. Eaton had a return on equity of 16.90% and a net margin of 10.92%. The business’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.28 earnings per share.
NYSE ETN opened at $139.91 on Friday. The company has a market capitalization of $55.90 billion, a price-to-earnings ratio of 26.20, a PEG ratio of 1.72 and a beta of 1.20. The stock’s 50-day simple moving average is $150.67 and its two-hundred day simple moving average is $159.89. The company has a quick ratio of 0.63, a current ratio of 1.04 and a debt-to-equity ratio of 0.42. Eaton has a twelve month low of $137.56 and a twelve month high of $175.72.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Friday, March 11th were given a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a dividend yield of 2.32%. This is a boost from Eaton’s previous quarterly dividend of $0.76. The ex-dividend date was Thursday, March 10th. Eaton’s payout ratio is presently 60.67%.
In other news, insider Joao V. Faria sold 11,852 shares of Eaton stock in a transaction dated Tuesday, March 8th. The stock was sold at an average price of $150.00, for a total value of $1,777,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sandra Pianalto acquired 243 shares of the company’s stock in a transaction dated Tuesday, February 8th. The stock was acquired at an average price of $151.58 per share, for a total transaction of $36,833.94. The disclosure for this purchase can be found here. 0.56% of the stock is currently owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Columbia Trust Co 01012016 grew its position in Eaton by 8.5% during the first quarter. Columbia Trust Co 01012016 now owns 2,064 shares of the industrial products company’s stock worth $289,000 after buying an additional 161 shares during the period. YorkBridge Wealth Partners LLC increased its position in Eaton by 6.4% during the 1st quarter. YorkBridge Wealth Partners LLC now owns 1,804 shares of the industrial products company’s stock worth $274,000 after purchasing an additional 108 shares in the last quarter. Wells Trecaso Financial Group LLC boosted its position in Eaton by 7.7% during the first quarter. Wells Trecaso Financial Group LLC now owns 54,791 shares of the industrial products company’s stock worth $8,315,000 after acquiring an additional 3,931 shares during the last quarter. AdvisorNet Financial Inc boosted its holdings in shares of Eaton by 4.5% during the first quarter. AdvisorNet Financial Inc now owns 3,098 shares of the industrial products company’s stock worth $470,000 after purchasing an additional 132 shares during the last quarter. Finally, WC Walker & Associates Inc. grew its holdings in Eaton by 1.4% in the first quarter. WC Walker & Associates Inc. now owns 24,146 shares of the industrial products company’s stock valued at $3,423,000 after purchasing an additional 325 shares during the period. Institutional investors and hedge funds own 77.41% of the company’s stock.
Eaton Company Profile (Get Rating)
Eaton Corporation plc operates as a power management company worldwide. The company's Electrical Americas and Electrical Global segment provides electrical components, industrial components, power distribution and assemblies, residential products, single and three phase power quality and connectivity products, wiring devices, circuit protection products, utility power distribution products, power reliability equipment, and services, as well as hazardous duty electrical equipment, emergency lighting, fire detection, explosion-proof instrumentation, and structural support systems.
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