Franklin Electric (FELE) Set to Announce Earnings on Tuesday

Franklin Electric (NASDAQ:FELE) is set to release its earnings data before the market opens on Tuesday, April 30th. Analysts expect Franklin Electric to post 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.Parties interested in participating in the company’s conference call can do so using this link.

Franklin Electric (NASDAQ:FELE) last posted its quarterly earnings results on Tuesday, February 13th. The industrial products company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.02). Franklin Electric had a return on equity of 16.67% and a net margin of 9.36%. The company had revenue of $472.97 million for the quarter, compared to the consensus estimate of $490.47 million. During the same quarter in the previous year, the business earned $0.84 earnings per share. Franklin Electric’s revenue was down 3.4% compared to the same quarter last year. 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 Price Performance

FELE stock 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. The firm’s 50-day moving average price is $102.35 and its two-hundred day moving average price is $95.66. The stock 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. Franklin Electric has a 12-month low of $82.61 and a 12-month high of $107.89.

Franklin Electric Dividend Announcement

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

Wall Street Analyst Weigh In

FELE has been the subject of several research reports. StockNews.com lowered shares of Franklin Electric from a “strong-buy” rating to a “buy” rating in a research note on Sunday, January 14th. Northcoast Research upgraded shares of Franklin Electric from a “neutral” rating to a “buy” rating and set a $110.00 target price 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 company a “neutral” rating in a research report on Wednesday, February 14th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Franklin Electric currently has a consensus rating of “Moderate Buy” and a consensus price target of $100.00.

Insider Buying and Selling at Franklin Electric

In other Franklin Electric news, CEO Gregg C. Sengstack sold 10,366 shares of Franklin Electric stock in a transaction that occurred 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 completion of the sale, the chief executive officer now 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 SEC, which is available at the SEC website. Company insiders own 2.72% of the company’s stock.

About Franklin Electric

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.