Equities analysts expect that Eaton Corporation, PLC (NYSE:ETN) will post $5.14 billion in sales for the current quarter, according to Zacks. Eight analysts have made estimates for Eaton Corporation, PLC’s earnings, with the lowest sales estimate coming in at $5.09 billion and the highest estimate coming in at $5.20 billion. Eaton Corporation, PLC posted sales of $4.99 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 3%. The company is scheduled to announce its next quarterly earnings report on Tuesday, November 7th.

According to Zacks, analysts expect that Eaton Corporation, PLC will report full-year sales of $5.14 billion for the current year, with estimates ranging from $20.11 billion to $20.34 billion. For the next year, analysts anticipate that the firm will post sales of $20.85 billion per share, with estimates ranging from $20.53 billion to $21.11 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that cover Eaton Corporation, PLC.

Eaton Corporation, PLC (NYSE:ETN) last announced its earnings results on Tuesday, August 1st. The industrial products company reported $1.15 EPS for the quarter, missing the consensus estimate of $1.16 by ($0.01). Eaton Corporation, PLC had a return on equity of 12.93% and a net margin of 9.95%. The company had revenue of $5.13 billion for the quarter, compared to the consensus estimate of $5.14 billion. During the same period in the previous year, the firm posted $1.07 EPS. The business’s quarterly revenue was up 1.0% on a year-over-year basis.

A number of equities analysts have weighed in on the stock. Stifel Nicolaus reiterated a “hold” rating and set a $80.00 target price on shares of Eaton Corporation, PLC in a research report on Friday, July 7th. BidaskClub downgraded shares of Eaton Corporation, PLC from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $78.00 target price on shares of Eaton Corporation, PLC in a research note on Wednesday, July 12th. Zacks Investment Research downgraded shares of Eaton Corporation, PLC from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, J P Morgan Chase & Co downgraded shares of Eaton Corporation, PLC from a “neutral” rating to an “underweight” rating and lowered their target price for the company from $73.00 to $70.00 in a research note on Thursday, August 17th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $79.67.

In other Eaton Corporation, PLC news, Director Deborah L. Mccoy sold 6,450 shares of the stock in a transaction on Monday, September 11th. The stock was sold at an average price of $73.17, for a total value of $471,946.50. Following the sale, the director now owns 46,386 shares in the company, valued at $3,394,063.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.80% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Guardian Life Insurance Co. of America boosted its position in Eaton Corporation, PLC by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 1,742 shares of the industrial products company’s stock valued at $129,000 after purchasing an additional 12 shares in the last quarter. Haverford Financial Services Inc. boosted its holdings in Eaton Corporation, PLC by 0.7% in the first quarter. Haverford Financial Services Inc. now owns 4,549 shares of the industrial products company’s stock worth $337,000 after acquiring an additional 30 shares in the last quarter. Holderness Investments Co. boosted its holdings in Eaton Corporation, PLC by 0.7% in the first quarter. Holderness Investments Co. now owns 7,231 shares of the industrial products company’s stock worth $536,000 after acquiring an additional 50 shares in the last quarter. Capital One National Association boosted its holdings in Eaton Corporation, PLC by 1.5% in the first quarter. Capital One National Association now owns 4,610 shares of the industrial products company’s stock worth $342,000 after acquiring an additional 70 shares in the last quarter. Finally, Glenview Trust Co boosted its holdings in Eaton Corporation, PLC by 0.7% in the first quarter. Glenview Trust Co now owns 10,367 shares of the industrial products company’s stock worth $769,000 after acquiring an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 75.86% of the company’s stock.

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Shares of Eaton Corporation, PLC (NYSE:ETN) opened at 74.93 on Thursday. Eaton Corporation, PLC has a 52 week low of $59.07 and a 52 week high of $81.63. The firm has a market cap of $33.33 billion, a PE ratio of 17.18 and a beta of 1.36. The firm has a 50-day moving average of $73.10 and a 200 day moving average of $75.16.

The business also recently declared a quarterly dividend, which was paid on Friday, August 18th. Investors of record on Friday, August 4th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Wednesday, August 2nd. This represents a $2.40 annualized dividend and a yield of 3.20%. Eaton Corporation, PLC’s payout ratio is presently 54.79%.

About Eaton Corporation, PLC

Eaton Corporation (Eaton) is a diversified power management company. It is engaged in the manufacturing of electrical components and systems for power quality, distribution and control; hydraulics components, systems and services for industrial and mobile equipment; aerospace fuel, hydraulics and pneumatic systems for commercial and military use, and truck and automotive drivetrain and powertrain systems for performance, fuel economy and safety.

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Earnings History and Estimates for Eaton Corporation, PLC (NYSE:ETN)

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