Emerson Electric (EMR) Releases FY 2019 Earnings Guidance

Emerson Electric (NYSE:EMR) updated its FY 2019 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $3.55-3.70 for the period, compared to the Thomson Reuters consensus estimate of $3.74. The company issued revenue guidance of $18.452-18.975 billion, compared to the consensus revenue estimate of $19.19 billion.Emerson Electric also updated its FY19 guidance to $3.55-3.70 EPS.

A number of equities research analysts have commented on the company. Zacks Investment Research upgraded Emerson Electric from a hold rating to a buy rating and set a $78.00 price target for the company in a research note on Thursday, July 19th. MED upgraded Emerson Electric from a hold rating to a buy rating and set a $81.00 price target for the company in a research note on Thursday, July 12th. Cowen reiterated a buy rating and issued a $81.00 price target on shares of Emerson Electric in a research note on Tuesday. Barclays increased their price target on Emerson Electric from $80.00 to $85.00 and gave the company an overweight rating in a research note on Thursday, August 9th. Finally, Credit Suisse Group assumed coverage on Emerson Electric in a research note on Friday, October 12th. They issued a neutral rating and a $78.00 price target for the company. One 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’s stock. Emerson Electric currently has a consensus rating of Buy and an average price target of $78.57.

Shares of EMR stock traded down $0.80 during mid-day trading on Wednesday, reaching $69.73. The stock had a trading volume of 2,392,753 shares, compared to its average volume of 3,677,845. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.97 and a current ratio of 1.23. The firm has a market capitalization of $43.75 billion, a PE ratio of 26.41, a P/E/G ratio of 1.82 and a beta of 1.20. Emerson Electric has a 1-year low of $57.47 and a 1-year high of $79.70.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Tuesday, November 6th. The industrial products company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.03). The firm had revenue of $4.89 billion during the quarter, compared to analyst estimates of $4.91 billion. Emerson Electric had a net margin of 12.33% and a return on equity of 22.83%. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.83 earnings per share. Sell-side analysts forecast that Emerson Electric will post 3.19 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Friday, November 16th will be issued a $0.49 dividend. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.49. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.81%. Emerson Electric’s dividend payout ratio is currently 73.48%.

In related news, President Edward L. Monser sold 30,000 shares of the firm’s stock in a transaction dated Friday, September 7th. The stock was sold at an average price of $75.84, for a total transaction of $2,275,200.00. Following the sale, the president now directly owns 176,477 shares of the company’s stock, valued at $13,384,015.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, President Edward L. Monser sold 60,000 shares of the firm’s stock in a transaction dated 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 directly owns 176,477 shares in the company, valued at $13,429,899.70. The disclosure for this sale can be found here. Insiders sold 96,409 shares of company stock worth $7,317,004 over the last three months. Corporate insiders own 0.84% of the company’s stock.

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Emerson Electric Company Profile

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.

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

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