Positive News Coverage Somewhat Unlikely to Impact Franklin Electric Co. (FELE) Share Price
News stories about Franklin Electric Co. (NASDAQ:FELE) have been trending positive on Saturday, according to Accern. Accern scores the sentiment of news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Franklin Electric Co. earned a media sentiment score of 0.27 on Accern’s scale. Accern also gave news headlines about the industrial products company an impact score of 45.4787259713719 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
FELE has been the subject of a number of recent research reports. BidaskClub upgraded shares of Franklin Electric Co. from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Zacks Investment Research lowered shares of Franklin Electric Co. from a “hold” rating to a “sell” rating in a research note on Tuesday, June 27th. Finally, Boenning Scattergood reiterated an “outperform” rating and issued a $52.00 price objective (up from $44.00) on shares of Franklin Electric Co. in a research note on Wednesday, July 26th.
Franklin Electric Co. (NASDAQ FELE) traded down 0.69% on Friday, reaching $43.35. 131,179 shares of the company were exchanged. Franklin Electric Co. has a 12-month low of $34.75 and a 12-month high of $46.50. The firm has a market capitalization of $2.02 billion, a P/E ratio of 23.56 and a beta of 1.63. The firm has a 50-day moving average of $39.25 and a 200 day moving average of $40.28.
Franklin Electric Co. (NASDAQ:FELE) last announced its earnings results on Tuesday, July 25th. The industrial products company reported $0.58 EPS for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.04. Franklin Electric Co. had a net margin of 8.62% and a return on equity of 13.10%. The business had revenue of $305.35 million during the quarter, compared to analysts’ expectations of $310.13 million. During the same period in the prior year, the company earned $0.51 earnings per share. The firm’s revenue was up 21.1% on a year-over-year basis. On average, equities analysts predict that Franklin Electric Co. will post $1.92 earnings per share for the current year.
In other Franklin Electric Co. news, insider Robert J. Stone sold 39,260 shares of the company’s stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $45.00, for a total transaction of $1,766,700.00. Following the completion of the sale, the insider now directly owns 39,392 shares of the company’s stock, valued at $1,772,640. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.54% of the stock is currently owned by corporate insiders.
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Franklin Electric Co. Company Profile
Franklin Electric Co, Inc designs, manufactures and distributes water and fuel pumping systems, consisting of submersible motors, pumps, electronic controls and related parts and equipment. Its segments include Water Systems segment, the Fueling Systems segment and Other. Its Water Systems segment is engaged in the production and marketing of water pumping systems and offers motors, pumps, drives, electronic controls and monitoring devices.
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