Brokerages expect Emerson Electric Co. (NYSE:EMR) to post $0.92 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Emerson Electric’s earnings. The lowest EPS estimate is $0.85 and the highest is $0.98. Emerson Electric posted earnings per share of $0.83 during the same quarter last year, which would suggest a positive year over year growth rate of 10.8%. The business is expected to announce its next quarterly earnings report before the market opens on Tuesday, November 6th.
According to Zacks, analysts expect that Emerson Electric will report full-year earnings of $3.22 per share for the current year, with EPS estimates ranging from $3.11 to $3.38. For the next year, analysts forecast that the business will post earnings of $3.76 per share, with EPS estimates ranging from $3.65 to $3.83. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Emerson Electric.
Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Tuesday, August 7th. The industrial products company reported $0.88 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.02. Emerson Electric had a return on equity of 22.83% and a net margin of 12.33%. The business had revenue of $4.46 billion during the quarter, compared to analyst estimates of $4.47 billion. During the same period in the previous year, the firm earned $0.68 EPS. Emerson Electric’s quarterly revenue was up 10.3% compared to the same quarter last year.
In other Emerson Electric news, VP Steven J. Pelch sold 6,409 shares of the company’s stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $74.24, for a total transaction of $475,804.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Edward L. Monser sold 60,000 shares of the company’s stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $76.10, for a total value of $4,566,000.00. Following the sale, the president now owns 176,477 shares in the company, valued at approximately $13,429,899.70. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 96,409 shares of company stock valued at $7,317,004. Insiders own 0.79% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Independent Advisor Alliance raised its stake in shares of Emerson Electric by 38.0% during the 2nd quarter. Independent Advisor Alliance now owns 37,225 shares of the industrial products company’s stock worth $2,522,000 after purchasing an additional 10,250 shares in the last quarter. Commonwealth Bank of Australia raised its stake in shares of Emerson Electric by 3.4% during the 2nd quarter. Commonwealth Bank of Australia now owns 81,289 shares of the industrial products company’s stock worth $5,546,000 after purchasing an additional 2,652 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Emerson Electric by 1,033.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 21,073 shares of the industrial products company’s stock worth $1,457,000 after purchasing an additional 19,214 shares in the last quarter. AMP Capital Investors Ltd raised its stake in shares of Emerson Electric by 12.7% during the 2nd quarter. AMP Capital Investors Ltd now owns 239,559 shares of the industrial products company’s stock worth $16,563,000 after purchasing an additional 27,052 shares in the last quarter. Finally, Global X Management Co LLC raised its stake in shares of Emerson Electric by 10.9% during the 2nd quarter. Global X Management Co LLC now owns 93,683 shares of the industrial products company’s stock worth $6,477,000 after purchasing an additional 9,191 shares in the last quarter. Institutional investors own 70.45% of the company’s stock.
Shares of EMR traded down $0.85 on Friday, hitting $66.25. The company’s stock had a trading volume of 3,507,473 shares, compared to its average volume of 3,540,522. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.97 and a current ratio of 1.23. Emerson Electric has a fifty-two week low of $57.47 and a fifty-two week high of $79.70. The firm has a market capitalization of $42.17 billion, a PE ratio of 25.09, a P/E/G ratio of 1.76 and a beta of 1.15.
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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