Franklin Electric (FELE) Scheduled to Post Earnings on Tuesday

Franklin Electric (NASDAQ:FELE) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.75 per share for the quarter. Franklin Electric has set its FY24 guidance at $4.22-4.40 EPS and its FY 2024 guidance at 4.220-4.400 EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

Franklin Electric (NASDAQ:FELE) last announced its quarterly earnings data on Tuesday, February 13th. The industrial products company reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.02). The company had revenue of $472.97 million for the quarter, compared to analyst estimates of $490.47 million. Franklin Electric had a return on equity of 16.67% and a net margin of 9.36%. The firm’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same period last year, the firm earned $0.84 earnings per share. On average, analysts expect Franklin Electric to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Franklin Electric Trading Up 0.2 %

NASDAQ:FELE opened at $102.77 on Friday. The company has a current ratio of 2.97, a quick ratio of 1.20 and a debt-to-equity ratio of 0.07. Franklin Electric has a 1-year low of $82.61 and a 1-year high of $107.89. The firm has a market capitalization of $4.73 billion, a price-to-earnings ratio of 25.00, a PEG ratio of 1.98 and a beta of 0.96. The business’s 50-day moving average price is $102.35 and its two-hundred day moving average price is $95.66.

Franklin Electric Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Thursday, May 2nd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.97%. Franklin Electric’s dividend payout ratio (DPR) is presently 24.33%.

Insiders Place Their Bets

In related news, CEO Gregg C. Sengstack sold 10,366 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $99.96, for a total value of $1,036,185.36. Following the sale, the chief executive officer now directly owns 154,993 shares of the company’s stock, valued at approximately $15,493,100.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on FELE shares. StockNews.com cut shares of Franklin Electric from a “strong-buy” rating to a “buy” rating in a report on Sunday, January 14th. Northcoast Research raised shares of Franklin Electric from a “neutral” rating to a “buy” rating and set a $110.00 price target for the company in a report on Friday, February 23rd. Finally, Robert W. Baird raised their price objective on Franklin Electric from $91.00 to $100.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 14th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $100.00.

Franklin Electric Company Profile

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