Brokerages expect Emerson Electric Co. (NYSE:EMR) to announce $1.09 earnings per share for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Emerson Electric’s earnings. The highest EPS estimate is $1.15 and the lowest is $1.04. Emerson Electric posted earnings per share of $0.89 in the same quarter last year, which would suggest a positive year-over-year growth rate of 22.5%. The company is expected to announce its next earnings results on Tuesday, November 5th.
According to Zacks, analysts expect that Emerson Electric will report full-year earnings of $3.64 per share for the current year, with EPS estimates ranging from $3.59 to $3.69. For the next year, analysts expect that the company will post earnings of $3.90 per share, with EPS estimates ranging from $3.70 to $4.15. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Emerson Electric.
Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $0.94 earnings per share for the quarter, hitting the consensus estimate of $0.94. Emerson Electric had a net margin of 12.06% and a return on equity of 24.67%. The company had revenue of $4.68 billion for the quarter, compared to analysts’ expectations of $4.82 billion. During the same quarter in the previous year, the firm posted $1.12 earnings per share. Emerson Electric’s revenue for the quarter was up 5.1% on a year-over-year basis.
In other news, VP Bell Katherine Button sold 4,470 shares of the business’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $65.00, for a total transaction of $290,550.00. Following the completion of the sale, the vice president now directly owns 18,040 shares of the company’s stock, valued at $1,172,600. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.07% of the company’s stock.
A number of hedge funds have recently modified their holdings of EMR. BlackRock Inc. grew its position in Emerson Electric by 7.3% in the 1st quarter. BlackRock Inc. now owns 45,135,139 shares of the industrial products company’s stock worth $3,090,402,000 after purchasing an additional 3,058,256 shares in the last quarter. Nuveen Asset Management LLC grew its position in Emerson Electric by 8,529.0% in the 2nd quarter. Nuveen Asset Management LLC now owns 2,314,570 shares of the industrial products company’s stock worth $154,428,000 after purchasing an additional 2,287,747 shares in the last quarter. Longview Partners Guernsey LTD grew its position in Emerson Electric by 13.7% in the 2nd quarter. Longview Partners Guernsey LTD now owns 16,863,972 shares of the industrial products company’s stock worth $1,125,164,000 after purchasing an additional 2,034,380 shares in the last quarter. Morgan Stanley grew its position in Emerson Electric by 41.3% in the 2nd quarter. Morgan Stanley now owns 6,534,287 shares of the industrial products company’s stock worth $435,968,000 after purchasing an additional 1,909,769 shares in the last quarter. Finally, Senator Investment Group LP bought a new stake in Emerson Electric in the 2nd quarter worth about $86,736,000. 70.57% of the stock is owned by institutional investors and hedge funds.
Shares of Emerson Electric stock traded down $0.49 during trading on Friday, hitting $64.71. The company’s stock had a trading volume of 2,353,857 shares, compared to its average volume of 3,243,537. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.18 and a quick ratio of 0.85. Emerson Electric has a 52 week low of $55.38 and a 52 week high of $79.70. The stock has a market cap of $39.82 billion, a price-to-earnings ratio of 19.14, a price-to-earnings-growth ratio of 2.14 and a beta of 1.35. The stock has a 50-day moving average price of $60.81 and a two-hundred day moving average price of $65.41.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th were given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend was Thursday, August 15th. Emerson Electric’s payout ratio is presently 57.99%.
Emerson Electric Company Profile
Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.
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