Emerson Electric (EMR) Set to Announce Quarterly Earnings on Wednesday

Emerson Electric (NYSE:EMR) is scheduled to be announcing its earnings results before the market opens on Wednesday, May 8th. Analysts expect the company to announce earnings of $1.25 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.18. The firm had revenue of $4.12 billion for the quarter, compared to analyst estimates of $3.91 billion. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. The company’s revenue was up 22.1% on a year-over-year basis. During the same quarter last year, the company earned $0.78 EPS. On average, analysts expect Emerson Electric to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Emerson Electric Stock Performance

EMR opened at $106.54 on Monday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 1.12. Emerson Electric has a 52-week low of $76.94 and a 52-week high of $115.26. The firm has a market cap of $60.81 billion, a P/E ratio of 5.55, a price-to-earnings-growth ratio of 1.84 and a beta of 1.36. The business’s fifty day moving average is $110.58 and its 200-day moving average is $99.74.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Friday, February 16th were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend was Thursday, February 15th. Emerson Electric’s dividend payout ratio is currently 10.94%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on EMR. Royal Bank of Canada lifted their price objective on shares of Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. Berenberg Bank boosted their price target on Emerson Electric from $100.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Citigroup raised their price objective on Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Bank of America boosted their target price on Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Finally, KeyCorp lifted their price target on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Emerson Electric currently has a consensus rating of “Moderate Buy” and an average price target of $118.07.

Insider Buying and Selling

In related news, Director Mark A. Blinn sold 2,413 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $103.18, for a total transaction of $248,973.34. Following the completion of the transaction, the director now directly owns 9,591 shares of the company’s stock, valued at approximately $989,599.38. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.25% of the stock is currently owned by insiders.

About Emerson Electric

Emerson Electric Co, a technology and software company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.