Emerson Electric Company (EMR) to Post Q2 2018 Earnings of $0.70 Per Share, William Blair Forecasts
Emerson Electric Company (NYSE:EMR) – Investment analysts at William Blair increased their Q2 2018 EPS estimates for Emerson Electric in a research note issued to investors on Tuesday. William Blair analyst N. Heymann now expects that the company will post earnings per share of $0.70 for the quarter, up from their previous estimate of $0.67. William Blair also issued estimates for Emerson Electric’s Q3 2018 earnings at $0.81 EPS, Q4 2018 earnings at $0.90 EPS and FY2018 earnings at $2.95 EPS.
Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Tuesday, November 7th. The company reported C$0.83 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of C$0.83. Emerson Electric had a return on equity of 20.47% and a net margin of 9.94%. The company had revenue of C$4.44 billion for the quarter, compared to the consensus estimate of C$4.43 billion. During the same quarter last year, the business posted $0.74 earnings per share. The firm’s revenue was up 12.8% compared to the same quarter last year.
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Other equities research analysts also recently issued research reports about the company. Cowen and Company upgraded Emerson Electric to a “buy” rating and set a $71.00 price objective on the stock in a research report on Monday, October 23rd. Stifel Nicolaus reiterated a “buy” rating and issued a $68.00 price objective on shares of Emerson Electric in a research report on Wednesday, July 19th. Bank of America Corporation upgraded Emerson Electric from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $64.44 to $79.00 in a research report on Tuesday, October 17th. Morgan Stanley restated an “equal weight” rating and set a $67.00 price target (up previously from $64.00) on shares of Emerson Electric in a research report on Monday, October 2nd. Finally, Zacks Investment Research upgraded Emerson Electric from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of C$65.14.
Shares of Emerson Electric (NYSE:EMR) opened at C$61.61 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.64 and a quick ratio of 1.24. Emerson Electric has a 12-month low of C$53.92 and a 12-month high of C$67.79. The stock has a market capitalization of $39,431.63, a price-to-earnings ratio of 23.88, a P/E/G ratio of 2.81 and a beta of 1.24.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Fagan Associates Inc. grew its stake in shares of Emerson Electric by 19.3% in the second quarter. Fagan Associates Inc. now owns 5,975 shares of the company’s stock worth $356,000 after purchasing an additional 968 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC grew its stake in shares of Emerson Electric by 6.6% in the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 10,075 shares of the company’s stock worth $601,000 after purchasing an additional 620 shares during the last quarter. Andra AP fonden grew its stake in shares of Emerson Electric by 5.2% in the second quarter. Andra AP fonden now owns 95,300 shares of the company’s stock worth $5,682,000 after purchasing an additional 4,700 shares during the last quarter. Lipe & Dalton grew its stake in shares of Emerson Electric by 1.3% in the second quarter. Lipe & Dalton now owns 42,125 shares of the company’s stock worth $2,511,000 after purchasing an additional 560 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Emerson Electric by 5.8% in the first quarter. Vanguard Group Inc. now owns 43,698,252 shares of the company’s stock worth $2,615,777,000 after purchasing an additional 2,404,844 shares during the last quarter. 70.14% of the stock is currently owned by institutional investors.
In related news, insider Robert T. Sharp sold 2,000 shares of the firm’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of C$58.99, for a total value of C$117,980.00. Following the sale, the insider now directly owns 64,290 shares of the company’s stock, valued at C$3,792,467.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.79% of the stock is owned by company insiders.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Friday, November 17th will be paid a $0.485 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This is a boost from Emerson Electric’s previous quarterly dividend of $0.48. This represents a $1.94 annualized dividend and a dividend yield of 3.15%. Emerson Electric’s dividend payout ratio (DPR) is presently 81.70%.
Emerson Electric Company Profile
Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.
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