Emerson Electric Co. (EMR) Expected to Announce Quarterly Sales of $4.66 Billion

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 equities research analysts have commented on EMR shares. Zacks Investment Research upgraded Emerson Electric from a “sell” rating to a “hold” rating in a research note on Tuesday, January 8th. Royal Bank of Canada lowered Emerson Electric from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from $68.00 to $61.00 in a research note on Thursday, January 3rd. Wells Fargo & Co reduced their target price on Emerson Electric from $77.00 to $69.00 and set a “market perform” rating on the stock in a report on Wednesday, December 19th. They noted that the move was a valuation call. Credit Suisse Group raised Emerson Electric from a “neutral” rating to an “outperform” rating and set a $59.60 target price on the stock in a report on Thursday, January 3rd. Finally, Stephens began coverage on Emerson Electric in a report on Monday, November 19th. They issued an “overweight” rating and a $80.00 price target on the stock. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $76.28.

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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