Analysts Expect Emerson Electric Co. (EMR) to Post $0.92 EPS

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.



EMR has been the subject of several research analyst reports. ValuEngine upgraded Emerson Electric from a “hold” rating to a “buy” rating in a research report on Monday, July 2nd. Zacks Investment Research upgraded Emerson Electric from a “hold” rating to a “buy” rating and set a $77.00 price objective for the company in a research report on Tuesday, July 3rd. MED upgraded Emerson Electric from a “hold” rating to a “buy” rating and set a $81.00 price objective for the company in a research report on Thursday, July 12th. Deutsche Bank set a $81.00 price objective on Emerson Electric and gave the company a “buy” rating in a research report on Thursday, July 12th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $76.00 price objective on shares of Emerson Electric in a research report on Friday, July 20th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the company. Emerson Electric has an average rating of “Buy” and an average target price of $78.67.

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.

Recommended Story: What is a Swap?

Get a free copy of the Zacks research report on Emerson Electric (EMR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Emerson Electric (NYSE:EMR)

Receive News & Ratings for Emerson Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerson Electric and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply