Franklin Electric (FELE) to Release Quarterly Earnings on Tuesday

Franklin Electric (NASDAQ:FELEGet Rating) is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, April 26th. Analysts expect the company to announce earnings of $0.63 per share for the quarter. Franklin Electric has set its FY22 guidance at $3.50-3.75 EPS and its FY 2022 guidance at $3.500-$3.750 EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

Franklin Electric (NASDAQ:FELEGet Rating) last announced its earnings results on Tuesday, February 15th. The industrial products company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.63 by $0.09. The business had revenue of $432.50 million for the quarter, compared to the consensus estimate of $387.24 million. Franklin Electric had a return on equity of 16.24% and a net margin of 9.26%. The company’s revenue was up 34.7% on a year-over-year basis. During the same period last year, the business posted $0.57 EPS. On average, analysts expect Franklin Electric to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Shares of NASDAQ:FELE opened at $79.20 on Tuesday. The company has a market cap of $3.68 billion, a P/E ratio of 24.37 and a beta of 0.98. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.69 and a current ratio of 1.83. Franklin Electric has a one year low of $76.70 and a one year high of $96.95. The business’s 50-day simple moving average is $83.02 and its 200 day simple moving average is $87.17.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 17th. Shareholders of record on Thursday, February 3rd were issued a dividend of $0.195 per share. The ex-dividend date of this dividend was Wednesday, February 2nd. This is an increase from Franklin Electric’s previous quarterly dividend of $0.18. This represents a $0.78 annualized dividend and a yield of 0.98%. Franklin Electric’s payout ratio is currently 24.00%.

In other news, insider Delancey W. Davis sold 3,075 shares of Franklin Electric stock in a transaction that occurred on Friday, February 25th. The stock was sold at an average price of $85.30, for a total value of $262,297.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 3.10% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in FELE. Morgan Stanley boosted its position in Franklin Electric by 41.9% during the 2nd quarter. Morgan Stanley now owns 343,829 shares of the industrial products company’s stock valued at $27,720,000 after purchasing an additional 101,548 shares during the period. Royal Bank of Canada boosted its position in Franklin Electric by 17.2% during the 3rd quarter. Royal Bank of Canada now owns 5,426 shares of the industrial products company’s stock valued at $433,000 after purchasing an additional 797 shares during the period. LPL Financial LLC acquired a new position in Franklin Electric during the 3rd quarter valued at approximately $229,000. UBS Group AG boosted its position in Franklin Electric by 111.0% during the 3rd quarter. UBS Group AG now owns 26,601 shares of the industrial products company’s stock valued at $2,124,000 after purchasing an additional 13,994 shares during the period. Finally, Barclays PLC boosted its position in Franklin Electric by 35.2% during the 4th quarter. Barclays PLC now owns 99,602 shares of the industrial products company’s stock valued at $9,417,000 after purchasing an additional 25,952 shares during the period. Institutional investors and hedge funds own 77.01% of the company’s stock.

Several research firms have issued reports on FELE. Robert W. Baird lifted their price objective on Franklin Electric from $94.00 to $100.00 in a report on Wednesday, February 16th. Zacks Investment Research upgraded Franklin Electric from a “hold” rating to a “buy” rating and set a $103.00 price objective on the stock in a report on Monday, January 10th. Boenning Scattergood upgraded Franklin Electric from a “neutral” rating to an “outperform” rating and set a $95.00 price objective on the stock in a report on Wednesday, March 9th. Finally, StockNews.com began coverage on Franklin Electric in a report on Thursday, March 31st. They set a “buy” rating on the stock.

Franklin Electric Company Profile (Get Rating)

Franklin Electric Co, Inc, together with its subsidiaries, designs, manufactures, and distributes water and fuel pumping systems worldwide. It operates through three segments: Water Systems, Fueling Systems, and Distribution. The Water Systems segment offers submersible motors, pumps, drives, electronic controls, water treatment systems, monitoring devices, and related parts and equipment.

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Earnings History for Franklin Electric (NASDAQ:FELE)

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