Eaton (ETN) Projected to Post Earnings on Tuesday

Eaton (NYSE:ETN) is projected to issue its Q1 2025 quarterly earnings data before the market opens on Tuesday, April 29th. Analysts expect the company to announce earnings of $2.70 per share and revenue of $6.26 billion for the quarter. Eaton has set its Q1 2025 guidance at 2.650-2.750 EPS and its FY 2025 guidance at 11.800-12.200 EPS.

Eaton (NYSE:ETN) last released its earnings results on Friday, January 31st. The industrial products company reported $2.83 earnings per share for the quarter, topping the consensus estimate of $2.82 by $0.01. Eaton had a net margin of 15.25% and a return on equity of 22.62%. During the same period in the prior year, the company earned $2.55 EPS. On average, analysts expect Eaton to post $12 EPS for the current fiscal year and $14 EPS for the next fiscal year.

Eaton Trading Down 3.2 %

Eaton stock opened at $259.69 on Tuesday. The company has a 50 day moving average price of $283.94 and a 200 day moving average price of $324.69. The firm has a market capitalization of $101.74 billion, a price-to-earnings ratio of 27.34, a P/E/G ratio of 2.64 and a beta of 1.09. Eaton has a 52 week low of $231.85 and a 52 week high of $379.99. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.96 and a current ratio of 1.50.

Eaton Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 10th were given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 1.60%. This is a positive change from Eaton’s previous quarterly dividend of $0.94. The ex-dividend date was Monday, March 10th. Eaton’s payout ratio is presently 43.79%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on ETN shares. JPMorgan Chase & Co. dropped their target price on Eaton from $350.00 to $289.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Melius lowered shares of Eaton from a “buy” rating to a “hold” rating and set a $373.00 target price for the company. in a research note on Tuesday, January 28th. KeyCorp cut their price objective on Eaton from $340.00 to $325.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Evercore ISI cut their price target on Eaton from $382.00 to $326.00 and set an “in-line” rating for the company in a research note on Wednesday, February 19th. Finally, Wells Fargo & Company dropped their price objective on Eaton from $335.00 to $305.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 5th. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $350.22.

Institutional Trading of Eaton

A hedge fund recently raised its stake in Eaton stock. Brighton Jones LLC lifted its holdings in shares of Eaton Co. plc (NYSE:ETN) by 1.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,341 shares of the industrial products company’s stock after acquiring an additional 45 shares during the period. Brighton Jones LLC’s holdings in Eaton were worth $1,109,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 82.97% of the company’s stock.

Eaton Company Profile

Eaton Corporation plc operates as a power management company worldwide. The company’s Electrical Americas and Electrical Global segment provides electrical components, industrial components, power distribution and assemblies, residential products, single and three phase power quality and connectivity products, wiring devices, circuit protection products, utility power distribution products, power reliability equipment, and services, as well as hazardous duty electrical equipment, emergency lighting, fire detection, explosion-proof instrumentation, and structural support systems.