Equities research analysts expect that Emerson Electric Co. (NYSE:EMR) will post $5.07 billion in sales for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Emerson Electric’s earnings. The lowest sales estimate is $5.00 billion and the highest is $5.19 billion. Emerson Electric reported sales of $4.89 billion in the same quarter last year, which indicates a positive year over year growth rate of 3.7%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, November 5th.
According to Zacks, analysts expect that Emerson Electric will report full year sales of $18.54 billion for the current financial year, with estimates ranging from $18.40 billion to $18.78 billion. For the next fiscal year, analysts expect that the business will report sales of $19.36 billion, with estimates ranging from $18.99 billion to $19.95 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Emerson Electric.
Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $0.94 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.94. The company had revenue of $4.68 billion during the quarter, compared to the consensus estimate of $4.82 billion. Emerson Electric had a return on equity of 24.67% and a net margin of 12.06%. Emerson Electric’s revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.12 EPS.
EMR has been the subject of several analyst reports. Morgan Stanley cut their price target on Emerson Electric from $84.00 to $76.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Argus downgraded Emerson Electric from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. Cowen restated a “buy” rating and set a $72.00 price objective on shares of Emerson Electric in a report on Friday, August 9th. Citigroup dropped their price objective on Emerson Electric from $79.00 to $77.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Finally, Credit Suisse Group dropped their price objective on Emerson Electric from $74.00 to $70.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $72.71.
EMR traded down $1.20 during trading on Friday, hitting $57.00. The company’s stock had a trading volume of 3,224,028 shares, compared to its average volume of 3,594,819. The firm’s 50 day moving average price is $62.73 and its 200-day moving average price is $66.12. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.18 and a quick ratio of 0.85. The stock has a market cap of $35.80 billion, a PE ratio of 16.86, a PEG ratio of 1.95 and a beta of 1.32. Emerson Electric has a twelve month low of $55.38 and a twelve month high of $79.70.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th will be issued a dividend of $0.49 per share. The ex-dividend date is Thursday, August 15th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.44%. Emerson Electric’s payout ratio is 57.99%.
In other news, insider Michael H. Train sold 12,278 shares of Emerson Electric stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $63.80, for a total transaction of $783,336.40. Following the sale, the insider now directly owns 129,298 shares in the company, valued at approximately $8,249,212.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Bell Katherine Button sold 15,791 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $63.91, for a total transaction of $1,009,202.81. Following the completion of the transaction, the vice president now owns 30,304 shares in the company, valued at $1,936,728.64. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 40,333 shares of company stock valued at $2,583,230. Insiders own 0.07% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in EMR. Vanguard Group Inc. raised its stake in shares of Emerson Electric by 0.6% during the second quarter. Vanguard Group Inc. now owns 47,199,698 shares of the industrial products company’s stock worth $3,149,164,000 after buying an additional 261,666 shares during the last quarter. BlackRock Inc. increased its stake in Emerson Electric by 7.3% in the first quarter. BlackRock Inc. now owns 45,135,139 shares of the industrial products company’s stock valued at $3,090,402,000 after purchasing an additional 3,058,256 shares in the last quarter. Longview Partners Guernsey LTD increased its stake in Emerson Electric by 13.7% in the second quarter. Longview Partners Guernsey LTD now owns 16,863,972 shares of the industrial products company’s stock valued at $1,125,164,000 after purchasing an additional 2,034,380 shares in the last quarter. Northern Trust Corp increased its stake in Emerson Electric by 0.4% in the second quarter. Northern Trust Corp now owns 9,480,062 shares of the industrial products company’s stock valued at $632,511,000 after purchasing an additional 36,921 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Emerson Electric by 5.0% in the fourth quarter. Geode Capital Management LLC now owns 7,394,814 shares of the industrial products company’s stock valued at $441,115,000 after purchasing an additional 355,369 shares in the last quarter. Hedge funds and other institutional investors own 70.17% 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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