Zacks: Analysts Expect Emerson Electric Co. (NYSE:EMR) to Post $0.59 EPS

Wall Street brokerages expect Emerson Electric Co. (NYSE:EMR) to announce earnings of $0.59 per share for the current quarter, according to Zacks. Five analysts have made estimates for Emerson Electric’s earnings, with the lowest EPS estimate coming in at $0.55 and the highest estimate coming in at $0.63. Emerson Electric posted earnings of $0.94 per share during the same quarter last year, which indicates a negative year over year growth rate of 37.2%. The business is scheduled to issue its next earnings report on Tuesday, August 4th.

According to Zacks, analysts expect that Emerson Electric will report full-year earnings of $3.07 per share for the current financial year, with EPS estimates ranging from $3.00 to $3.16. For the next year, analysts expect that the business will post earnings of $3.20 per share, with EPS estimates ranging from $2.83 to $3.63. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that that provide coverage for Emerson Electric.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Tuesday, April 21st. The industrial products company reported $0.89 EPS for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.12. The business had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.29 billion. Emerson Electric had a net margin of 12.04% and a return on equity of 26.66%. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.84 EPS.

EMR has been the topic of a number of research reports. Argus upgraded Emerson Electric from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research report on Wednesday, April 22nd. UBS Group raised their price target on Emerson Electric from $47.00 to $53.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Morgan Stanley raised their price target on Emerson Electric from $50.00 to $54.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 22nd. Vertical Research downgraded Emerson Electric from a “buy” rating to a “hold” rating and set a $49.00 price target on the stock. in a research report on Monday, March 23rd. Finally, Deutsche Bank lowered their price target on Emerson Electric from $93.00 to $59.00 and set a “buy” rating on the stock in a research report on Thursday, April 9th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $64.13.

NYSE:EMR traded up $0.89 during midday trading on Monday, hitting $61.35. The company had a trading volume of 2,937,436 shares, compared to its average volume of 3,524,507. The company has a market capitalization of $36.12 billion, a PE ratio of 17.53, a P/E/G ratio of 3.15 and a beta of 1.51. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.52. Emerson Electric has a 52-week low of $37.75 and a 52-week high of $78.38. The stock’s fifty day moving average price is $57.79 and its 200-day moving average price is $64.31.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were issued a $0.50 dividend. The ex-dividend date was Thursday, May 14th. This represents a $2.00 annualized dividend and a dividend yield of 3.26%. Emerson Electric’s dividend payout ratio is currently 54.20%.

In related news, COO Steven J. Pelch sold 5,061 shares of the firm’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $67.51, for a total value of $341,668.11. 0.50% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of EMR. Ballast Advisors LLC bought a new stake in Emerson Electric during the 1st quarter valued at approximately $25,000. MBE Wealth Management LLC bought a new stake in Emerson Electric during the 1st quarter valued at approximately $25,000. Princeton Global Asset Management LLC bought a new stake in Emerson Electric during the 4th quarter valued at approximately $27,000. Verus Capital Partners LLC bought a new stake in Emerson Electric during the 4th quarter valued at approximately $27,000. Finally, Brooktree Capital Management bought a new stake in Emerson Electric during the 4th quarter valued at approximately $29,000. 71.57% of the stock is currently owned by institutional investors.

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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