Zacks: Brokerages Expect Emerson Electric Co. (NYSE:EMR) to Post $0.67 EPS

Equities analysts predict that Emerson Electric Co. (NYSE:EMR) will post earnings of $0.67 per share for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Emerson Electric’s earnings. The highest EPS estimate is $0.69 and the lowest is $0.65. Emerson Electric posted earnings per share of $0.74 during the same quarter last year, which suggests a negative year over year growth rate of 9.5%. The business is scheduled to report its next earnings report on Tuesday, February 4th.

On average, analysts expect that Emerson Electric will report full year earnings of $3.63 per share for the current year, with EPS estimates ranging from $3.51 to $3.70. For the next year, analysts expect that the business will report earnings of $3.92 per share, with EPS estimates ranging from $3.74 to $4.10. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for Emerson Electric.

Emerson Electric (NYSE:EMR) last issued its earnings results on Tuesday, November 5th. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.07. Emerson Electric had a net margin of 12.55% and a return on equity of 26.32%. The firm had revenue of $4.97 billion for the quarter, compared to the consensus estimate of $5.02 billion. During the same quarter in the prior year, the firm posted $0.89 earnings per share. The business’s revenue was up 1.7% on a year-over-year basis.

A number of brokerages have recently issued reports on EMR. Stephens set a $71.00 price target on Emerson Electric and gave the company a “buy” rating in a report on Monday, September 30th. ValuEngine upgraded Emerson Electric from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Citigroup lifted their price objective on Emerson Electric from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Cowen cut shares of Emerson Electric from an “outperform” rating to a “market perform” rating and set a $72.00 target price on the stock. in a research note on Wednesday, November 6th. Finally, Zacks Investment Research downgraded shares of Emerson Electric from a “hold” rating to a “sell” rating and set a $69.00 price target on the stock. in a report on Tuesday, July 23rd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $72.77.

In related news, VP Sara Yang Bosco sold 10,969 shares of Emerson Electric stock in a transaction on Friday, November 8th. The stock was sold at an average price of $73.55, for a total transaction of $806,769.95. Following the transaction, the vice president now directly owns 88,817 shares in the company, valued at $6,532,490.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Surendralal Lanca Karsanbhai sold 4,779 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $73.70, for a total value of $352,212.30. Following the completion of the sale, the insider now owns 39,005 shares of the company’s stock, valued at approximately $2,874,668.50. The disclosure for this sale can be found here. Insiders have sold a total of 56,565 shares of company stock valued at $4,168,420 in the last ninety days. Insiders own 0.07% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Gradient Investments LLC lifted its position in shares of Emerson Electric by 164.4% in the third quarter. Gradient Investments LLC now owns 386 shares of the industrial products company’s stock worth $26,000 after buying an additional 240 shares in the last quarter. Candriam Luxembourg S.C.A. raised its holdings in shares of Emerson Electric by 12.8% during the 3rd quarter. Candriam Luxembourg S.C.A. now owns 382,028 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 43,374 shares in the last quarter. Ellevest Inc. boosted its position in shares of Emerson Electric by 110.0% during the 2nd quarter. Ellevest Inc. now owns 420 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 220 shares during the last quarter. Larson Financial Group LLC boosted its position in shares of Emerson Electric by 80.3% during the 2nd quarter. Larson Financial Group LLC now owns 440 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 196 shares during the last quarter. Finally, Garrett Wealth Advisory Group LLC purchased a new position in shares of Emerson Electric in the third quarter valued at $31,000. 69.18% of the stock is currently owned by hedge funds and other institutional investors.

EMR traded down $0.53 during trading on Friday, hitting $72.75. 1,999,258 shares of the company’s stock traded hands, compared to its average volume of 3,201,984. The stock has a market capitalization of $45.23 billion, a price-to-earnings ratio of 19.72, a PEG ratio of 2.56 and a beta of 1.37. The company’s 50 day simple moving average is $69.77 and its two-hundred day simple moving average is $65.08. Emerson Electric has a 12-month low of $55.38 and a 12-month high of $75.54. The company has a current ratio of 1.19, a quick ratio of 0.88 and a debt-to-equity ratio of 0.52.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, November 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.75%. Emerson Electric’s dividend payout ratio is currently 54.20%.

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

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