Equities analysts predict that Emerson Electric Co. (NYSE:EMR) will post sales of $4.66 billion for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Emerson Electric’s earnings. The highest sales estimate is $4.67 billion and the lowest is $4.64 billion. Emerson Electric posted sales of $4.25 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 9.6%. The firm is scheduled to announce its next earnings results on Tuesday, May 7th.
According to Zacks, analysts expect that Emerson Electric will report full year sales of $19.02 billion for the current year, with estimates ranging from $18.97 billion to $19.07 billion. For the next year, analysts anticipate that the company will post sales of $20.13 billion, with estimates ranging from $19.89 billion to $20.43 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Emerson Electric.
Emerson Electric (NYSE:EMR) last released its earnings results on Tuesday, February 5th. The industrial products company reported $0.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.08. The business had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.21 billion. Emerson Electric had a net margin of 12.83% and a return on equity of 24.21%. The firm’s revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the company earned $0.61 earnings per share.
EMR has been the topic of a number of research analyst reports. ValuEngine lowered Emerson Electric from a “buy” rating to a “hold” rating in a research note on Wednesday, December 12th. Robert W. Baird set a $70.00 target price on shares of Emerson Electric and gave the stock a “hold” rating in a report on Monday, December 17th. Stephens assumed coverage on shares of Emerson Electric in a report on Monday, November 19th. They set an “overweight” rating and a $80.00 target price for the company. Berenberg Bank set a $67.00 target price on shares of Emerson Electric and gave the stock a “hold” rating in a report on Monday, November 19th. Finally, Zacks Investment Research raised shares of Emerson Electric from a “sell” rating to a “hold” rating in a report on Tuesday, January 8th. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $76.28.
NYSE EMR traded down $0.44 on Monday, reaching $67.48. 137,409 shares of the stock were exchanged, compared to its average volume of 2,852,411. Emerson Electric has a one year low of $55.38 and a one year high of $79.70. The stock has a market cap of $41.38 billion, a price-to-earnings ratio of 19.96, a PEG ratio of 2.11 and a beta of 1.24. The company has a current ratio of 0.88, a quick ratio of 0.62 and a debt-to-equity ratio of 0.32.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 15th were given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date of this dividend was Thursday, February 14th. Emerson Electric’s dividend payout ratio is currently 57.99%.
Large investors have recently made changes to their positions in the company. Howe & Rusling Inc. raised its stake in shares of Emerson Electric by 4.1% in the fourth quarter. Howe & Rusling Inc. now owns 3,876 shares of the industrial products company’s stock valued at $232,000 after acquiring an additional 152 shares during the last quarter. Orca Investment Management LLC raised its holdings in Emerson Electric by 2.8% in the fourth quarter. Orca Investment Management LLC now owns 5,692 shares of the industrial products company’s stock worth $340,000 after purchasing an additional 156 shares in the last quarter. Cigna Investments Inc. New raised its holdings in Emerson Electric by 0.9% in the fourth quarter. Cigna Investments Inc. New now owns 18,359 shares of the industrial products company’s stock worth $1,096,000 after purchasing an additional 162 shares in the last quarter. Capital Investment Advisory Services LLC raised its holdings in Emerson Electric by 4.6% in the fourth quarter. Capital Investment Advisory Services LLC now owns 3,762 shares of the industrial products company’s stock worth $225,000 after purchasing an additional 167 shares in the last quarter. Finally, Legacy Financial Advisors Inc. raised its holdings in Emerson Electric by 26.2% in the fourth quarter. Legacy Financial Advisors Inc. now owns 931 shares of the industrial products company’s stock worth $56,000 after purchasing an additional 193 shares in the last quarter. 71.54% of the stock is owned by institutional investors and hedge funds.
Emerson Electric Company Profile
Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.
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