nVent Electric (NVT) to Release Earnings on Friday

nVent Electric (NYSE:NVT) is scheduled to post its quarterly earnings results before the market opens on Friday, May 3rd. Analysts expect nVent Electric to post earnings of $0.73 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

nVent Electric (NYSE:NVT) last released its quarterly earnings data on Tuesday, February 6th. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.03. The firm had revenue of $861.20 million during the quarter, compared to analysts’ expectations of $866.90 million. nVent Electric had a net margin of 17.38% and a return on equity of 17.53%. The firm’s quarterly revenue was up 16.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.66 earnings per share. On average, analysts expect nVent Electric to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

nVent Electric Stock Performance

Shares of NYSE NVT opened at $71.09 on Thursday. The firm has a 50 day moving average of $72.09 and a 200 day moving average of $61.58. The company has a current ratio of 1.82, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $11.80 billion, a price-to-earnings ratio of 21.10, a price-to-earnings-growth ratio of 1.62 and a beta of 1.35. nVent Electric has a 12-month low of $40.22 and a 12-month high of $78.98.

nVent Electric Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 26th will be given a $0.19 dividend. The ex-dividend date of this dividend is Thursday, April 25th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.07%. nVent Electric’s payout ratio is currently 22.55%.

Insider Activity

In related news, Director Randall J. Hogan sold 184,572 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $64.03, for a total value of $11,818,145.16. Following the completion of the transaction, the director now directly owns 8,277 shares of the company’s stock, valued at approximately $529,976.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Beth Wozniak sold 198,211 shares of nVent Electric stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $64.29, for a total transaction of $12,742,985.19. Following the completion of the transaction, the chief executive officer now directly owns 342 shares of the company’s stock, valued at approximately $21,987.18. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Randall J. Hogan sold 184,572 shares of nVent Electric stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $64.03, for a total transaction of $11,818,145.16. Following the transaction, the director now directly owns 8,277 shares of the company’s stock, valued at $529,976.31. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 400,252 shares of company stock worth $25,713,777. Corporate insiders own 2.50% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Royal Bank of Canada upped their price target on shares of nVent Electric from $65.00 to $72.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. The Goldman Sachs Group increased their target price on shares of nVent Electric from $69.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, March 15th. Barclays increased their target price on shares of nVent Electric from $74.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft assumed coverage on shares of nVent Electric in a report on Monday, March 11th. They issued a “buy” rating and a $83.00 price target on the stock. Finally, Citigroup upped their price target on shares of nVent Electric from $71.00 to $91.00 and gave the stock a “buy” rating in a report on Monday, April 8th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $81.60.

nVent Electric Company Profile

nVent Electric plc, together with its subsidiaries, designs, manufactures, markets, installs, and services electrical connection and protection solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company operates through three segments: Enclosures, Electrical & Fastening Solutions, and Thermal Management.