nVent Electric (NVT) to Release Quarterly Earnings on Thursday

nVent Electric (NYSE:NVT) will be issuing its quarterly earnings data before the market opens on Thursday, October 25th. Analysts expect the company to announce earnings of $0.47 per share for the quarter. nVent Electric has set its FY18 guidance at $1.72-1.78 EPS.

nVent Electric (NYSE:NVT) last posted its quarterly earnings results on Thursday, July 26th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.02. The firm had revenue of $542.70 million for the quarter, compared to the consensus estimate of $542.50 million. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. On average, analysts expect nVent Electric to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

NYSE NVT opened at $25.52 on Thursday. The company has a current ratio of 2.12, a quick ratio of 1.53 and a debt-to-equity ratio of 0.36. nVent Electric has a 1 year low of $21.00 and a 1 year high of $29.84.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 2nd. Shareholders of record on Friday, October 19th will be given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 2.74%. The ex-dividend date is Thursday, October 18th.

Separately, Barclays reaffirmed a “hold” rating and set a $25.00 price target on shares of nVent Electric in a research report on Friday, July 27th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $28.25.

In other news, Director William T. Monahan sold 17,133 shares of the stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $28.08, for a total value of $481,094.64. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

nVent Electric Company Profile

nVent Electric plc designs, manufactures, markets, installs, and services electrical connection and protection products and solutions in the United States, Canada, and internationally. The company operates through three segments: Enclosures, Thermal Management, and Electrical & Fastening Solutions.

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