Analysts expect that Eaton Co. PLC (NYSE:ETN) will post sales of $5.40 billion for the current quarter, Zacks reports. Six analysts have made estimates for Eaton’s earnings, with the highest sales estimate coming in at $5.57 billion and the lowest estimate coming in at $5.33 billion. Eaton posted sales of $5.46 billion during the same quarter last year, which suggests a negative year over year growth rate of 1.1%. The firm is scheduled to issue its next quarterly earnings report on Thursday, January 30th.

On average, analysts expect that Eaton will report full-year sales of $21.56 billion for the current financial year, with estimates ranging from $21.48 billion to $21.72 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $21.25 billion, with estimates ranging from $19.83 billion to $22.61 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that cover Eaton.

Eaton (NYSE:ETN) last announced its earnings results on Tuesday, October 29th. The industrial products company reported $1.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.51 by $0.01. The company had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.51 billion. Eaton had a net margin of 11.06% and a return on equity of 15.15%. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.43 earnings per share.

A number of research firms recently issued reports on ETN. HSBC downgraded shares of Eaton from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $99.00 to $96.00 in a report on Tuesday, November 12th. Deutsche Bank downgraded shares of Eaton from a “buy” rating to a “hold” rating in a report on Wednesday, December 4th. Credit Suisse Group lifted their target price on shares of Eaton from $89.00 to $94.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Wells Fargo & Co lifted their target price on shares of Eaton from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Morgan Stanley lifted their target price on shares of Eaton from $87.00 to $94.00 and gave the stock an “equal weight” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company. Eaton has an average rating of “Hold” and a consensus target price of $91.69.

Shares of ETN stock traded down $0.85 on Monday, hitting $93.60. The stock had a trading volume of 1,611,981 shares, compared to its average volume of 2,106,207. Eaton has a 12-month low of $64.46 and a 12-month high of $94.96. The business has a 50 day moving average of $90.80 and a 200 day moving average of $83.10. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.72 and a quick ratio of 1.10. The stock has a market cap of $38.61 billion, a price-to-earnings ratio of 17.37, a price-to-earnings-growth ratio of 1.86 and a beta of 1.43.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were paid a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend was Thursday, October 31st. Eaton’s dividend payout ratio (DPR) is presently 52.69%.

In other news, Director Michael J. Critelli sold 10,000 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $92.00, for a total transaction of $920,000.00. Following the sale, the director now owns 55,566 shares in the company, valued at approximately $5,112,072. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Richard H. Fearon sold 34,000 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $90.05, for a total transaction of $3,061,700.00. Following the sale, the insider now owns 200,384 shares in the company, valued at approximately $18,044,579.20. The disclosure for this sale can be found here. Insiders have sold 60,988 shares of company stock worth $5,527,268 over the last three months. Insiders own 0.70% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Resources Management Corp CT ADV bought a new position in Eaton during the 3rd quarter valued at about $106,000. Signet Financial Management LLC bought a new position in Eaton during the 3rd quarter valued at about $1,284,000. Squarepoint Ops LLC bought a new position in Eaton during the 3rd quarter valued at about $10,823,000. IHT Wealth Management LLC bought a new position in Eaton during the 3rd quarter valued at about $219,000. Finally, Wealthsource Partners LLC lifted its stake in Eaton by 15.6% during the 3rd quarter. Wealthsource Partners LLC now owns 6,002 shares of the industrial products company’s stock valued at $499,000 after acquiring an additional 811 shares during the period. Institutional investors own 78.25% of the company’s stock.

About Eaton

Eaton Corporation plc operates as a power management company worldwide. Its Electrical Products segment offers electrical and industrial components, residential products, single phase power quality products, emergency lighting and fire detection products, wiring devices, structural support systems, and circuit protection and lighting products.

Read More: How to invest using market indexes

Get a free copy of the Zacks research report on Eaton (ETN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Eaton (NYSE:ETN)

Receive News & Ratings for Eaton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eaton and related companies with MarketBeat.com's FREE daily email newsletter.