$0.71 EPS Expected for Emerson Electric Co. (EMR) This Quarter

Equities analysts forecast that Emerson Electric Co. (NYSE:EMR) will report earnings of $0.71 per share for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for Emerson Electric’s earnings. The highest EPS estimate is $0.74 and the lowest is $0.69. Emerson Electric reported earnings per share of $0.58 during the same quarter last year, which indicates a positive year over year growth rate of 22.4%. The company is scheduled to announce its next quarterly earnings results on Tuesday, May 1st.

According to Zacks, analysts expect that Emerson Electric will report full year earnings of $3.11 per share for the current year, with EPS estimates ranging from $3.00 to $3.15. For the next fiscal year, analysts forecast that the company will post earnings of $3.62 per share, with EPS estimates ranging from $3.55 to $3.75. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Emerson Electric.

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Emerson Electric (NYSE:EMR) last posted its earnings results on Tuesday, February 6th. The industrial products company reported $0.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.04. Emerson Electric had a return on equity of 20.73% and a net margin of 10.09%. The company had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter last year, the firm earned $0.49 earnings per share. The company’s revenue was up 18.7% on a year-over-year basis.

A number of equities research analysts have recently weighed in on the company. Robert W. Baird lifted their target price on Emerson Electric from $70.00 to $76.00 and gave the stock a “neutral” rating in a report on Wednesday, February 7th. JMP Securities downgraded Emerson Electric from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $74.45 to $56.77 in a report on Thursday, February 1st. Wells Fargo reissued a “market perform” rating and set a $73.00 target price (up previously from $65.00) on shares of Emerson Electric in a report on Thursday, January 18th. Zacks Investment Research raised Emerson Electric from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a report on Thursday, February 8th. Finally, Barclays assumed coverage on Emerson Electric in a report on Thursday, February 15th. They set an “overweight” rating and a $80.00 target price for the company. Three research analysts have rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $70.72.

Hedge funds and other institutional investors have recently modified their holdings of the stock. G&S Capital LLC bought a new position in shares of Emerson Electric in the fourth quarter worth $101,000. Tower Research Capital LLC TRC bought a new position in Emerson Electric in the second quarter valued at about $109,000. Intellectus Partners LLC grew its position in Emerson Electric by 0.3% in the second quarter. Intellectus Partners LLC now owns 2,094 shares of the industrial products company’s stock valued at $125,000 after acquiring an additional 7 shares during the last quarter. Mountain Capital Investment Advisors Inc bought a new position in Emerson Electric in the second quarter valued at about $129,000. Finally, Cerebellum GP LLC bought a new position in Emerson Electric in the fourth quarter valued at about $129,000. Institutional investors own 69.90% of the company’s stock.

Shares of NYSE:EMR traded up $1.00 during midday trading on Tuesday, reaching $68.30. 1,890,758 shares of the stock were exchanged, compared to its average volume of 3,527,965. Emerson Electric has a twelve month low of $56.77 and a twelve month high of $74.45. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.02 and a current ratio of 1.32. The company has a market capitalization of $43,359.44, a P/E ratio of 25.87, a P/E/G ratio of 2.08 and a beta of 1.15.

The business also recently declared a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Friday, February 16th were given a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend was Thursday, February 15th. Emerson Electric’s payout ratio is currently 73.48%.

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Emerson Electric Company Profile

Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.

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

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