Analysts expect Emerson Electric (NYSE:EMR) to post sales of $4.48 billion for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for Emerson Electric’s earnings, with estimates ranging from $4.47 billion to $4.50 billion. Emerson Electric reported sales of $4.04 billion in the same quarter last year, which would suggest a positive year over year growth rate of 10.9%. The firm is expected to issue its next quarterly earnings results on Tuesday, August 7th.
According to Zacks, analysts expect that Emerson Electric will report full-year sales of $17.30 billion for the current financial year, with estimates ranging from $17.28 billion to $17.33 billion. For the next financial year, analysts forecast that the firm will report sales of $18.28 billion per share, with estimates ranging from $18.16 billion to $18.41 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Emerson Electric.
Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Tuesday, May 1st. The industrial products company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.72 by $0.04. Emerson Electric had a net margin of 10.83% and a return on equity of 21.69%. The business had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $4.22 billion. During the same period in the previous year, the business posted $0.45 EPS. The business’s quarterly revenue was up 18.9% compared to the same quarter last year.
Several analysts have commented on the stock. Zacks Investment Research cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Tuesday, April 24th. JMP Securities cut shares of Emerson Electric from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $74.45 to $56.77 in a research note on Thursday, February 1st. Robert W. Baird lifted their price objective on shares of Emerson Electric from $70.00 to $76.00 and gave the company a “neutral” rating in a research note on Wednesday, February 7th. UBS assumed coverage on shares of Emerson Electric in a research note on Monday, January 22nd. They set a “buy” rating and a $73.26 price objective for the company. Finally, Royal Bank of Canada upgraded shares of Emerson Electric from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $70.38 to $80.00 in a research note on Tuesday, February 13th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $73.00.
Shares of Emerson Electric opened at $73.14 on Friday, according to MarketBeat. The company has a quick ratio of 0.98, a current ratio of 1.30 and a debt-to-equity ratio of 0.39. Emerson Electric has a 12 month low of $57.39 and a 12 month high of $74.45. The company has a market cap of $45.98 billion, a price-to-earnings ratio of 27.70, a price-to-earnings-growth ratio of 2.17 and a beta of 1.19.
The company also recently announced a quarterly dividend, which will be paid on Monday, June 11th. Stockholders of record on Friday, May 11th will be issued a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a dividend yield of 2.65%. The ex-dividend date is Thursday, May 10th. Emerson Electric’s dividend payout ratio (DPR) is 73.48%.
A number of hedge funds and other institutional investors have recently modified their holdings of EMR. Royal Bank of Canada increased its holdings in Emerson Electric by 37.6% in the 1st quarter. Royal Bank of Canada now owns 5,385,612 shares of the industrial products company’s stock worth $367,839,000 after acquiring an additional 1,471,393 shares in the last quarter. Tide Point Capital Management LP purchased a new stake in Emerson Electric in the 4th quarter worth $64,637,000. Millennium Management LLC increased its holdings in Emerson Electric by 369.9% in the 4th quarter. Millennium Management LLC now owns 1,127,865 shares of the industrial products company’s stock worth $78,601,000 after acquiring an additional 887,865 shares in the last quarter. American Century Companies Inc. increased its holdings in Emerson Electric by 18.5% in the 4th quarter. American Century Companies Inc. now owns 5,525,308 shares of the industrial products company’s stock worth $385,059,000 after acquiring an additional 861,558 shares in the last quarter. Finally, King Luther Capital Management Corp increased its holdings in Emerson Electric by 173.5% in the 1st quarter. King Luther Capital Management Corp now owns 1,226,271 shares of the industrial products company’s stock worth $83,754,000 after acquiring an additional 777,858 shares in the last quarter. 70.35% of the stock is owned by institutional investors.
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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