Zacks: Analysts Anticipate Emerson Electric Co. (EMR) to Announce $0.67 EPS

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Analysts expect Emerson Electric Co. (NYSE:EMR) to post $0.67 earnings per share for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Emerson Electric’s earnings, with the highest EPS estimate coming in at $0.70 and the lowest estimate coming in at $0.65. Emerson Electric posted earnings per share of $0.58 during the same quarter last year, which indicates a positive year-over-year growth rate of 15.5%. The business is scheduled to announce its next earnings results on Tuesday, February 5th.

On average, analysts expect that Emerson Electric will report full-year earnings of $3.68 per share for the current financial year, with EPS estimates ranging from $3.65 to $3.75. For the next financial year, analysts forecast that the company will post earnings of $4.13 per share, with EPS estimates ranging from $4.00 to $4.30. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that that provide coverage for Emerson Electric.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Tuesday, November 6th. The industrial products company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.03). Emerson Electric had a net margin of 12.65% and a return on equity of 23.06%. The firm had revenue of $4.89 billion during the quarter, compared to analyst estimates of $4.91 billion. During the same period in the prior year, the firm earned $0.83 EPS. The business’s quarterly revenue was up 10.2% on a year-over-year basis.

Several equities research analysts have recently issued reports on EMR shares. Zacks Investment Research lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Friday, October 5th. Deutsche Bank set a $79.00 target price on shares of Emerson Electric and gave the company a “buy” rating in a research note on Wednesday, November 7th. Credit Suisse Group began coverage on shares of Emerson Electric in a research note on Friday, October 12th. They issued a “neutral” rating and a $78.00 target price for the company. Argus upped their target price on shares of Emerson Electric from $81.00 to $83.00 and gave the company a “buy” rating in a research note on Tuesday, August 14th. Finally, Stephens began coverage on shares of Emerson Electric in a research note on Monday, November 19th. They issued an “overweight” rating and a $80.00 target price for the company. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $78.39.

In other Emerson Electric news, insider Surendralal Lanca Karsanbhai sold 9,070 shares of the stock in a transaction on Wednesday, November 28th. The shares were sold at an average price of $68.00, for a total transaction of $616,760.00. Following the transaction, the insider now directly owns 20,000 shares in the company, valued at approximately $1,360,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Edward L. Monser sold 30,000 shares of the stock in a transaction on Friday, September 7th. The shares were sold at an average price of $75.84, for a total transaction of $2,275,200.00. Following the transaction, the president now owns 176,477 shares in the company, valued at $13,384,015.68. The disclosure for this sale can be found here. Insiders sold 99,070 shares of company stock valued at $7,457,960 over the last 90 days. Insiders own 0.79% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of EMR. Marshall Wace North America L.P. acquired a new position in Emerson Electric during the 3rd quarter valued at about $10,024,000. Marshall Wace LLP bought a new position in shares of Emerson Electric during the 3rd quarter valued at about $472,000. Great Lakes Advisors LLC boosted its position in shares of Emerson Electric by 1.4% during the 3rd quarter. Great Lakes Advisors LLC now owns 142,979 shares of the industrial products company’s stock valued at $10,949,000 after purchasing an additional 1,964 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Emerson Electric by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 51,601,229 shares of the industrial products company’s stock valued at $3,951,622,000 after purchasing an additional 1,214,362 shares in the last quarter. Finally, WealthPLAN Partners LLC boosted its position in shares of Emerson Electric by 7.0% during the 3rd quarter. WealthPLAN Partners LLC now owns 70,799 shares of the industrial products company’s stock valued at $4,751,000 after purchasing an additional 4,612 shares in the last quarter. Hedge funds and other institutional investors own 70.55% of the company’s stock.

Shares of Emerson Electric stock traded down $1.86 during trading hours on Thursday, hitting $63.79. The company’s stock had a trading volume of 7,599,683 shares, compared to its average volume of 3,237,071. Emerson Electric has a 1-year low of $62.04 and a 1-year high of $79.70. The firm has a market capitalization of $41.11 billion, a P/E ratio of 18.87, a PEG ratio of 2.01 and a beta of 1.21. The company has a quick ratio of 0.78, a current ratio of 1.07 and a debt-to-equity ratio of 0.35.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Friday, November 16th will be paid a $0.49 dividend. The ex-dividend date of this dividend is Thursday, November 15th. This is an increase from Emerson Electric’s previous quarterly dividend of $0.49. This represents a $1.96 annualized dividend and a dividend yield of 3.07%. Emerson Electric’s dividend payout ratio is 57.99%.

About Emerson Electric

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and residential markets worldwide. The company's Automation Solutions segment offers software; measurement and analytical instrumentation; valves, actuators, and regulators; industry services and solutions; process control systems and solutions; and digital plant solutions.

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