Emerson Electric (EMR) Issues FY19 Earnings Guidance

Emerson Electric (NYSE:EMR) updated its FY19 earnings guidance on Tuesday. The company provided EPS guidance of $3.55-3.70 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.74. The company issued revenue guidance of $18.45-18.97 billion (+6-9%), compared to the consensus revenue estimate of $19.09 billion.Emerson Electric also updated its FY 2019 guidance to $3.55-3.70 EPS.

A number of brokerages have weighed in on EMR. Barclays increased their target price on shares of Emerson Electric from $80.00 to $85.00 and gave the stock an overweight rating in a research report on Thursday, August 9th. Zacks Investment Research upgraded shares of Emerson Electric from a hold rating to a buy rating and set a $80.00 target price for the company in a research report on Monday, August 6th. Cowen reissued a buy rating and issued a $81.00 price target on shares of Emerson Electric in a report on Tuesday. UBS Group increased their price target on shares of Emerson Electric from $85.00 to $90.00 and gave the stock a buy rating in a report on Thursday, August 30th. Finally, Deutsche Bank set a $81.00 price target on shares of Emerson Electric and gave the stock a buy rating in a report on Thursday, July 12th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $78.67.

Shares of Emerson Electric stock opened at $70.35 on Tuesday. Emerson Electric has a 12-month low of $57.47 and a 12-month high of $79.70. The stock has a market capitalization of $43.75 billion, a PE ratio of 26.65, a PEG ratio of 1.82 and a beta of 1.20. The company has a current ratio of 1.23, a quick ratio of 0.97 and a debt-to-equity ratio of 0.37.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Tuesday, November 6th. The industrial products company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.03). Emerson Electric had a return on equity of 22.83% and a net margin of 12.33%. The firm had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $4.91 billion. During the same period in the previous year, the company posted $0.83 earnings per share. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. On average, analysts anticipate that Emerson Electric will post 3.19 earnings per share for the current year.

In related news, VP Steven J. Pelch sold 6,409 shares of the firm’s stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $74.24, for a total value of $475,804.16. The sale was disclosed in a filing with the SEC, which is available through this link. Also, President Edward L. Monser sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, September 7th. The shares were sold at an average price of $75.84, for a total transaction of $2,275,200.00. Following the completion of the sale, the president now directly owns 176,477 shares in the company, valued at $13,384,015.68. The disclosure for this sale can be found here. Insiders sold 96,409 shares of company stock worth $7,317,004 over the last ninety days. 0.84% of the stock is currently owned by insiders.

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About Emerson Electric

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

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