Emerson Electric (EMR) Set to Announce Earnings on Wednesday

Emerson Electric (NYSE:EMR) is scheduled to post its quarterly earnings results before the market opens on Wednesday, May 8th. Analysts expect Emerson Electric to post earnings of $1.25 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.18. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. The firm had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same period in the previous year, the firm posted $0.78 earnings per share. The firm’s revenue was up 22.1% on a year-over-year basis. On average, analysts expect Emerson Electric to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Emerson Electric Trading Up 0.1 %

Emerson Electric stock opened at $106.54 on Monday. The company has a quick ratio of 0.80, a current ratio of 1.12 and a debt-to-equity ratio of 0.29. Emerson Electric has a 12 month low of $76.94 and a 12 month high of $115.26. The company’s fifty day simple moving average is $110.58 and its 200-day simple moving average is $99.74. The stock has a market cap of $60.81 billion, a P/E ratio of 5.55, a P/E/G ratio of 1.84 and a beta of 1.36.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 16th were issued a dividend of $0.525 per share. The ex-dividend date was Thursday, February 15th. This represents a $2.10 annualized dividend and a dividend yield of 1.97%. Emerson Electric’s dividend payout ratio is 10.94%.

Wall Street Analysts Forecast Growth

EMR has been the subject of a number of analyst reports. Bank of America lifted their target price on shares of Emerson Electric from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Berenberg Bank raised their target price on Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Barclays upped their price target on Emerson Electric from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 2nd. Royal Bank of Canada boosted their target price on Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Finally, UBS Group upped their price objective on shares of Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $118.07.

Insider Activity

In other Emerson Electric news, Director Mark A. Blinn sold 2,413 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $103.18, for a total transaction of $248,973.34. Following the sale, the director now owns 9,591 shares of the company’s stock, valued at approximately $989,599.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.25% of the stock is currently owned by corporate insiders.

About Emerson Electric

Emerson Electric Co, a technology and software company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.