Brokerages Anticipate Emerson Electric Co. (NYSE:EMR) Will Post Earnings of $0.67 Per Share

Wall Street analysts expect Emerson Electric Co. (NYSE:EMR) to announce $0.67 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Emerson Electric’s earnings, with the lowest EPS estimate coming in at $0.65 and the highest estimate coming in at $0.69. Emerson Electric posted earnings per share of $0.74 during the same quarter last year, which indicates a negative year over year growth rate of 9.5%. The firm is expected to issue its next earnings results on Tuesday, February 4th.

On average, analysts expect that Emerson Electric will report full year earnings of $3.63 per share for the current year, with EPS estimates ranging from $3.51 to $3.70. For the next financial year, analysts anticipate that the company will post earnings of $3.92 per share, with EPS estimates ranging from $3.74 to $4.10. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that cover Emerson Electric.

Emerson Electric (NYSE:EMR) last issued its earnings results on Tuesday, November 5th. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.07. The firm had revenue of $4.97 billion during the quarter, compared to analyst estimates of $5.02 billion. Emerson Electric had a net margin of 12.55% and a return on equity of 26.32%. The business’s revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.89 earnings per share.

A number of analysts have recently issued reports on EMR shares. Cfra lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Barclays lowered their target price on shares of Emerson Electric from $65.00 to $64.00 and set an “equal weight” rating for the company in a research note on Monday, September 30th. Cowen lowered shares of Emerson Electric from an “outperform” rating to a “market perform” rating and set a $72.00 target price for the company. in a research note on Wednesday, November 6th. Deutsche Bank lowered their target price on shares of Emerson Electric from $74.00 to $73.00 and set a “buy” rating for the company in a research note on Monday, August 5th. Finally, ValuEngine raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $72.77.

Shares of EMR traded up $0.10 during trading hours on Friday, reaching $73.66. 2,425,835 shares of the company traded hands, compared to its average volume of 3,194,093. The firm has a market cap of $44.64 billion, a price-to-earnings ratio of 19.96, a PEG ratio of 2.55 and a beta of 1.37. Emerson Electric has a 12-month low of $55.38 and a 12-month high of $75.54. The company has a current ratio of 1.19, a quick ratio of 0.88 and a debt-to-equity ratio of 0.52. The stock’s fifty day moving average price is $70.13 and its 200 day moving average price is $65.11.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend is Thursday, November 14th. Emerson Electric’s dividend payout ratio (DPR) is presently 54.20%.

In related news, VP Sara Yang Bosco sold 10,969 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $73.55, for a total value of $806,769.95. Following the completion of the sale, the vice president now directly owns 88,817 shares of the company’s stock, valued at $6,532,490.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Frank J. Dellaquila sold 40,817 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $73.73, for a total transaction of $3,009,437.41. Following the completion of the sale, the chief financial officer now directly owns 278,803 shares of the company’s stock, valued at $20,556,145.19. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 56,565 shares of company stock valued at $4,168,420. 0.07% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the stock. Homrich & Berg raised its holdings in Emerson Electric by 4.5% in the third quarter. Homrich & Berg now owns 3,252 shares of the industrial products company’s stock worth $217,000 after purchasing an additional 139 shares in the last quarter. Golden State Wealth Management LLC raised its holdings in Emerson Electric by 38.5% in the third quarter. Golden State Wealth Management LLC now owns 540 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 150 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its holdings in Emerson Electric by 1.8% in the third quarter. Municipal Employees Retirement System of Michigan now owns 8,630 shares of the industrial products company’s stock worth $577,000 after purchasing an additional 150 shares in the last quarter. Marble Harbor Investment Counsel LLC raised its holdings in Emerson Electric by 0.3% in the third quarter. Marble Harbor Investment Counsel LLC now owns 45,336 shares of the industrial products company’s stock worth $3,031,000 after purchasing an additional 150 shares in the last quarter. Finally, Tradewinds Capital Management LLC raised its holdings in Emerson Electric by 15.3% in the third quarter. Tradewinds Capital Management LLC now owns 1,216 shares of the industrial products company’s stock worth $81,000 after purchasing an additional 161 shares in the last quarter. 69.18% of the stock is owned by institutional investors.

About Emerson Electric

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

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