Wall Street brokerages expect that Emerson Electric Co. (NYSE:EMR) will announce sales of $4.66 billion for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Emerson Electric’s earnings. The lowest sales estimate is $4.64 billion and the highest is $4.67 billion. Emerson Electric posted sales of $4.25 billion during the same quarter last year, which suggests a positive year over year growth rate of 9.6%. The company is scheduled to announce its next quarterly earnings report on Tuesday, May 7th.
On average, analysts expect that Emerson Electric will report full year sales of $19.02 billion for the current financial year, with estimates ranging from $18.97 billion to $19.07 billion. For the next year, analysts forecast that the business will post sales of $20.13 billion, with estimates ranging from $19.89 billion to $20.43 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Emerson Electric.
Emerson Electric (NYSE:EMR) last released its earnings results on Tuesday, February 5th. The industrial products company reported $0.74 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.08. Emerson Electric had a return on equity of 24.21% and a net margin of 12.83%. The business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.21 billion. During the same quarter in the previous year, the company posted $0.61 earnings per share. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year.
Several large investors have recently made changes to their positions in the business. Belpointe Asset Management LLC boosted its holdings in shares of Emerson Electric by 7.6% in the 4th quarter. Belpointe Asset Management LLC now owns 3,778 shares of the industrial products company’s stock worth $226,000 after acquiring an additional 268 shares in the last quarter. Norges Bank acquired a new position in Emerson Electric during the 4th quarter worth $430,663,000. Actinver Wealth Management Inc. acquired a new position in Emerson Electric during the 4th quarter worth $306,000. Foster Victor Wealth Advisors LLC acquired a new position in Emerson Electric during the 4th quarter worth $470,000. Finally, Teacher Retirement System of Texas lifted its holdings in Emerson Electric by 17.9% during the 4th quarter. Teacher Retirement System of Texas now owns 365,102 shares of the industrial products company’s stock worth $21,815,000 after buying an additional 55,399 shares in the last quarter. 71.54% of the stock is owned by institutional investors.
Shares of NYSE:EMR traded down $0.44 on Monday, hitting $67.48. The company had a trading volume of 137,409 shares, compared to its average volume of 2,852,411. The company has a quick ratio of 0.62, a current ratio of 0.88 and a debt-to-equity ratio of 0.32. Emerson Electric has a 52-week low of $55.38 and a 52-week high of $79.70. The company has a market capitalization of $41.38 billion, a P/E ratio of 19.96, a P/E/G ratio of 2.11 and a beta of 1.24.
The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Friday, February 15th were given a $0.49 dividend. The ex-dividend date of this dividend was Thursday, February 14th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.90%. Emerson Electric’s dividend payout ratio is currently 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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