Franklin Electric (FELE) Scheduled to Post Quarterly Earnings on Friday

Franklin Electric (NASDAQ:FELE) is set to announce its earnings results before the market opens on Friday, October 26th. Analysts expect the company to announce earnings of $0.66 per share for the quarter.

Franklin Electric (NASDAQ:FELE) last released its quarterly earnings results on Tuesday, July 24th. The industrial products company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.05). The company had revenue of $344.00 million for the quarter, compared to analyst estimates of $348.65 million. Franklin Electric had a return on equity of 13.65% and a net margin of 6.80%. The business’s revenue was up 12.7% on a year-over-year basis. During the same period last year, the firm posted $0.58 earnings per share. On average, analysts expect Franklin Electric to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Franklin Electric stock opened at $43.18 on Friday. The company has a market cap of $2.21 billion, a P/E ratio of 22.94, a P/E/G ratio of 2.45 and a beta of 1.56. The company has a current ratio of 2.06, a quick ratio of 1.00 and a debt-to-equity ratio of 0.13. Franklin Electric has a one year low of $38.45 and a one year high of $51.45.

In other Franklin Electric news, VP Steven William Aikman sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $50.21, for a total value of $75,315.00. Following the transaction, the vice president now directly owns 16,515 shares of the company’s stock, valued at approximately $829,218.15. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have sold a total of 6,500 shares of company stock worth $323,430 over the last three months. 2.52% of the stock is currently owned by corporate insiders.

Several equities analysts recently commented on FELE shares. Zacks Investment Research lowered Franklin Electric from a “buy” rating to a “hold” rating in a research report on Wednesday, July 18th. BidaskClub lowered Franklin Electric from a “hold” rating to a “sell” rating in a research report on Thursday, July 19th. Finally, ValuEngine raised Franklin Electric from a “hold” rating to a “buy” rating in a research report on Thursday, July 26th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. Franklin Electric currently has an average rating of “Hold” and an average price target of $48.80.

About Franklin Electric

Franklin Electric Co, Inc, together with its subsidiaries, designs, manufactures, and distributes water and fuel pumping systems worldwide. It operates in three segments: Water Systems, Fueling Systems, and Distribution. The Water Systems segment offers submersible motors, pumps, drives, electronic controls, monitoring devices, and related parts and equipment.

Further Reading: Return on Investment (ROI) Defined, Explained

Earnings History for Franklin Electric (NASDAQ:FELE)

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