Franklin Electric Co. (FELE) Expected to Post Earnings of $0.66 Per Share
Wall Street brokerages forecast that Franklin Electric Co. (NASDAQ:FELE) will post earnings of $0.66 per share for the current quarter, Zacks reports. Three analysts have made estimates for Franklin Electric’s earnings. The lowest EPS estimate is $0.60 and the highest is $0.70. Franklin Electric reported earnings of $0.53 per share in the same quarter last year, which indicates a positive year over year growth rate of 24.5%. The firm is scheduled to announce its next quarterly earnings results before the market opens on Tuesday, October 23rd.
According to Zacks, analysts expect that Franklin Electric will report full-year earnings of $2.27 per share for the current financial year, with EPS estimates ranging from $2.20 to $2.32. For the next year, analysts forecast that the firm will report earnings of $2.48 per share, with EPS estimates ranging from $2.43 to $2.55. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow Franklin Electric.
Franklin Electric (NASDAQ:FELE) last announced its earnings results on Tuesday, July 24th. The industrial products company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.05). Franklin Electric had a net margin of 6.80% and a return on equity of 13.65%. The firm had revenue of $344.00 million for the quarter, compared to analyst estimates of $348.65 million. During the same period in the previous year, the company earned $0.58 EPS. Franklin Electric’s revenue was up 12.7% compared to the same quarter last year.
Shares of Franklin Electric stock opened at $41.97 on Wednesday. Franklin Electric has a 12 month low of $38.45 and a 12 month high of $51.45. The company has a market cap of $2.21 billion, a price-to-earnings ratio of 21.86, a PEG ratio of 2.45 and a beta of 1.56. The company has a quick ratio of 1.00, a current ratio of 2.06 and a debt-to-equity ratio of 0.13.
In related news, VP Steven William Aikman sold 3,500 shares of the stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $49.89, for a total value of $174,615.00. Following the completion of the sale, the vice president now owns 18,515 shares of the company’s stock, valued at $923,713.35. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Donald P. Kenney sold 1,500 shares of the stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $49.00, for a total value of $73,500.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,500 shares of company stock valued at $323,430. Insiders own 2.52% of the company’s stock.
Several large investors have recently bought and sold shares of FELE. Xact Kapitalforvaltning AB increased its holdings in shares of Franklin Electric by 61.9% in the first quarter. Xact Kapitalforvaltning AB now owns 7,323 shares of the industrial products company’s stock valued at $298,000 after purchasing an additional 2,800 shares during the last quarter. Profund Advisors LLC increased its holdings in shares of Franklin Electric by 20.6% in the first quarter. Profund Advisors LLC now owns 7,376 shares of the industrial products company’s stock valued at $301,000 after purchasing an additional 1,260 shares during the last quarter. Sei Investments Co. increased its holdings in shares of Franklin Electric by 99.1% in the first quarter. Sei Investments Co. now owns 8,005 shares of the industrial products company’s stock valued at $326,000 after purchasing an additional 3,984 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Franklin Electric in the second quarter valued at approximately $345,000. Finally, Cim Investment Mangement Inc. acquired a new stake in shares of Franklin Electric in the second quarter valued at approximately $357,000. 78.46% of the stock is owned by hedge funds and other institutional investors.
Franklin Electric Company Profile
Franklin Electric Co, Inc, together with its subsidiaries, designs, manufactures, and distributes water and fuel pumping systems worldwide. It operates in three segments: Water Systems, Fueling Systems, and Distribution. The Water Systems segment offers submersible motors, pumps, drives, electronic controls, monitoring devices, and related parts and equipment.
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