Brokerages Expect Emerson Electric Co. (NYSE:EMR) Will Post Quarterly Sales of $4.71 Billion

Brokerages expect Emerson Electric Co. (NYSE:EMRGet Rating) to post sales of $4.71 billion for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Emerson Electric’s earnings, with the lowest sales estimate coming in at $4.67 billion and the highest estimate coming in at $4.75 billion. Emerson Electric posted sales of $4.43 billion in the same quarter last year, which suggests a positive year over year growth rate of 6.3%. The firm is scheduled to announce its next earnings results before the market opens on Monday, January 1st.

On average, analysts expect that Emerson Electric will report full year sales of $19.50 billion for the current financial year, with estimates ranging from $19.27 billion to $19.71 billion. For the next financial year, analysts anticipate that the firm will post sales of $20.54 billion, with estimates ranging from $19.83 billion to $20.81 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Emerson Electric.

Emerson Electric (NYSE:EMRGet Rating) last posted its earnings results on Wednesday, February 2nd. The industrial products company reported $1.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.06. Emerson Electric had a net margin of 14.85% and a return on equity of 26.84%. The firm had revenue of $4.47 billion during the quarter, compared to analysts’ expectations of $4.48 billion. During the same period last year, the company posted $0.83 EPS. The company’s quarterly revenue was up 7.5% compared to the same quarter last year.

A number of research analysts recently weighed in on EMR shares. Sanford C. Bernstein assumed coverage on shares of Emerson Electric in a research report on Monday, January 10th. They set a “market perform” rating and a $100.00 price objective on the stock. Royal Bank of Canada upgraded Emerson Electric from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $104.00 to $116.00 in a research report on Tuesday, January 4th. Barclays boosted their target price on Emerson Electric from $98.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 4th. Morgan Stanley upped their price objective on Emerson Electric from $102.00 to $108.00 and gave the company an “equal weight” rating in a research report on Thursday, February 3rd. Finally, Oppenheimer raised Emerson Electric from a “market perform” rating to an “outperform” rating and set a $110.00 target price on the stock in a research note on Wednesday, March 9th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $108.42.

In other news, insider Mark J. Bulanda sold 4,574 shares of the firm’s stock in a transaction on Tuesday, March 29th. The stock was sold at an average price of $97.35, for a total transaction of $445,278.90. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.78% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Norges Bank acquired a new stake in Emerson Electric during the 4th quarter worth about $558,176,000. Nordea Investment Management AB lifted its holdings in shares of Emerson Electric by 396.8% during the 1st quarter. Nordea Investment Management AB now owns 4,231,968 shares of the industrial products company’s stock worth $420,996,000 after acquiring an additional 3,380,171 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of Emerson Electric during the 4th quarter worth about $149,620,000. Goldman Sachs Group Inc. increased its position in shares of Emerson Electric by 55.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,508,070 shares of the industrial products company’s stock worth $326,145,000 after purchasing an additional 1,246,143 shares in the last quarter. Finally, Van ECK Associates Corp increased its position in Emerson Electric by 101.9% in the 4th quarter. Van ECK Associates Corp now owns 1,981,044 shares of the industrial products company’s stock valued at $184,178,000 after acquiring an additional 999,881 shares in the last quarter. 72.61% of the stock is currently owned by hedge funds and other institutional investors.

Shares of EMR opened at $92.86 on Friday. The firm’s 50-day simple moving average is $94.85 and its two-hundred day simple moving average is $94.46. The stock has a market cap of $55.24 billion, a PE ratio of 20.28, a price-to-earnings-growth ratio of 2.13 and a beta of 1.46. Emerson Electric has a fifty-two week low of $86.72 and a fifty-two week high of $105.99. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.60 and a current ratio of 2.04.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 10th. Stockholders of record on Friday, February 11th were paid a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend was Thursday, February 10th. Emerson Electric’s dividend payout ratio (DPR) is presently 44.98%.

About Emerson Electric (Get Rating)

Emerson Electric Co designs and manufactures technology and engineering products for industrial, commercial, and consumer markets worldwide. The company operates through Automation Solutions and Commercial & Residential Solutions segments. The Automation Solutions segment offers measurement and analytical instrumentation, industrial valves and equipment, and process control software and systems.

Further Reading

Get a free copy of the Zacks research report on Emerson Electric (EMR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Emerson Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerson Electric and related companies with MarketBeat.com's FREE daily email newsletter.