Brokerages Anticipate Emerson Electric Co. (NYSE:EMR) Will Announce Earnings of $1.29 Per Share

Equities analysts expect Emerson Electric Co. (NYSE:EMRGet Rating) to report $1.29 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Emerson Electric’s earnings, with the lowest EPS estimate coming in at $1.25 and the highest estimate coming in at $1.32. Emerson Electric reported earnings of $1.09 per share during the same quarter last year, which would indicate a positive year over year growth rate of 18.3%. The business is expected to issue its next earnings report on Monday, January 1st.

On average, analysts expect that Emerson Electric will report full year earnings of $5.02 per share for the current fiscal year, with EPS estimates ranging from $4.90 to $5.12. For the next year, analysts expect that the firm will post earnings of $5.38 per share, with EPS estimates ranging from $5.07 to $5.72. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow Emerson Electric.

Emerson Electric (NYSE:EMRGet Rating) last issued its quarterly earnings results on Wednesday, May 4th. The industrial products company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.11. Emerson Electric had a net margin of 15.16% and a return on equity of 27.72%. The business had revenue of $4.80 billion for the quarter, compared to analyst estimates of $4.71 billion. During the same period in the previous year, the business posted $0.97 earnings per share. The business’s revenue was up 8.3% compared to the same quarter last year.

A number of brokerages have recently issued reports on EMR. StockNews.com began coverage on shares of Emerson Electric in a research note on Thursday, March 31st. They set a “buy” rating on the stock. Morgan Stanley boosted their price objective on shares of Emerson Electric from $102.00 to $108.00 and gave the stock an “equal weight” rating in a report on Thursday, February 3rd. Credit Suisse Group boosted their price objective on shares of Emerson Electric from $111.00 to $112.00 and gave the stock an “outperform” rating in a report on Thursday, February 3rd. Citigroup boosted their price objective on shares of Emerson Electric from $120.00 to $123.00 in a report on Thursday, February 3rd. Finally, Oppenheimer raised shares of Emerson Electric from a “market perform” rating to an “outperform” rating and set a $110.00 price objective on the stock in a report on Wednesday, March 9th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $108.26.

In related news, insider Mark J. Bulanda sold 4,574 shares of the company’s stock in a transaction that occurred on Tuesday, March 29th. The shares were sold at an average price of $97.35, for a total transaction of $445,278.90. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.78% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Disciplined Investments LLC increased its position in Emerson Electric by 75.0% during the fourth quarter. Disciplined Investments LLC now owns 280 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 120 shares during the last quarter. Widmann Financial Services Inc. acquired a new position in Emerson Electric during the fourth quarter worth approximately $27,000. Newbridge Financial Services Group Inc. increased its position in Emerson Electric by 200.0% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 300 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 200 shares during the last quarter. Equitec Proprietary Markets LLC acquired a new position in Emerson Electric during the fourth quarter worth approximately $33,000. Finally, FSB Premier Wealth Management Inc. acquired a new position in Emerson Electric during the fourth quarter worth approximately $35,000. 73.50% of the stock is currently owned by institutional investors and hedge funds.

Shares of Emerson Electric stock opened at $88.01 on Thursday. Emerson Electric has a 52-week low of $83.42 and a 52-week high of $105.99. The company has a quick ratio of 1.60, a current ratio of 1.68 and a debt-to-equity ratio of 0.77. The company’s 50-day simple moving average is $94.28 and its 200-day simple moving average is $94.15. The firm has a market cap of $52.36 billion, a price-to-earnings ratio of 18.41, a price-to-earnings-growth ratio of 2.10 and a beta of 1.42.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 10th. Investors of record on Friday, May 13th will be paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 2.34%. The ex-dividend date is Thursday, May 12th. Emerson Electric’s payout ratio is 43.10%.

Emerson Electric Company Profile (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.

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