Brokerages Expect Emerson Electric Co. (NYSE:EMR) Will Announce Quarterly Sales of $4.83 Billion

Equities research analysts expect Emerson Electric Co. (NYSE:EMR) to post $4.83 billion in sales for the current quarter, according to Zacks. Six analysts have provided estimates for Emerson Electric’s earnings, with the highest sales estimate coming in at $4.86 billion and the lowest estimate coming in at $4.79 billion. Emerson Electric posted sales of $4.46 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 8.3%. The business is expected to report its next quarterly earnings report before the market opens on Tuesday, August 6th.

On average, analysts expect that Emerson Electric will report full-year sales of $18.74 billion for the current year, with estimates ranging from $18.69 billion to $18.78 billion. For the next fiscal year, analysts expect that the firm will post sales of $19.76 billion, with estimates ranging from $19.52 billion to $19.95 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Emerson Electric.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Tuesday, May 7th. The industrial products company reported $0.84 earnings per share for the quarter, hitting the consensus estimate of $0.84. The business had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.64 billion. Emerson Electric had a net margin of 12.81% and a return on equity of 24.63%. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.76 earnings per share.

A number of equities research analysts have weighed in on EMR shares. Credit Suisse Group cut their price target on shares of Emerson Electric from $80.00 to $74.00 and set an “outperform” rating for the company in a report on Wednesday, June 5th. Zacks Investment Research downgraded shares of Emerson Electric from a “hold” rating to a “sell” rating and set a $69.00 price target for the company. in a report on Tuesday, July 23rd. Finally, Citigroup cut their price target on shares of Emerson Electric from $79.00 to $77.00 and set a “buy” rating for the company in a report on Tuesday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the stock. Emerson Electric presently has an average rating of “Hold” and a consensus target price of $75.19.

EMR stock traded down $2.41 during trading on Friday, hitting $64.88. The company had a trading volume of 5,942,848 shares, compared to its average volume of 3,234,325. Emerson Electric has a fifty-two week low of $55.38 and a fifty-two week high of $79.70. The company has a quick ratio of 0.76, a current ratio of 1.07 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $40.59 billion, a price-to-earnings ratio of 19.20, a price-to-earnings-growth ratio of 2.13 and a beta of 1.33. The firm has a 50 day moving average price of $65.32.

In other Emerson Electric news, VP Bell Katherine Button sold 15,791 shares of the business’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $63.91, for a total transaction of $1,009,202.81. Following the sale, the vice president now owns 30,304 shares in the company, valued at approximately $1,936,728.64. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Michael H. Train sold 12,278 shares of the business’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $63.80, for a total value of $783,336.40. Following the sale, the insider now owns 129,298 shares in the company, valued at approximately $8,249,212.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,333 shares of company stock worth $2,583,230. Corporate insiders own 0.07% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of EMR. Norges Bank acquired a new stake in Emerson Electric during the 4th quarter worth about $430,663,000. FMR LLC raised its holdings in Emerson Electric by 83.1% during the 4th quarter. FMR LLC now owns 6,998,682 shares of the industrial products company’s stock worth $418,171,000 after buying an additional 3,176,614 shares during the period. BlackRock Inc. raised its holdings in Emerson Electric by 7.3% during the 1st quarter. BlackRock Inc. now owns 45,135,139 shares of the industrial products company’s stock worth $3,090,402,000 after buying an additional 3,058,256 shares during the period. Ronna Sue Cohen raised its holdings in Emerson Electric by 6,770.7% during the 1st quarter. Ronna Sue Cohen now owns 1,540,414 shares of the industrial products company’s stock worth $1,540,000 after buying an additional 1,517,994 shares during the period. Finally, American Century Companies Inc. raised its holdings in Emerson Electric by 46.4% during the 1st quarter. American Century Companies Inc. now owns 2,708,094 shares of the industrial products company’s stock worth $185,423,000 after buying an additional 858,733 shares during the period. Hedge funds and other institutional investors own 70.41% of the company’s stock.

About Emerson Electric

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

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