Emerson Electric Company (NYSE:EMR) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided EPS guidance of $2.58-2.62 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.60.
Shares of Emerson Electric Company (NYSE:EMR) traded down 0.42% during midday trading on Friday, hitting $58.89. 2,802,773 shares of the company’s stock traded hands. The company has a 50 day moving average price of $59.83 and a 200 day moving average price of $59.84. The firm has a market capitalization of $37.69 billion, a price-to-earnings ratio of 26.28 and a beta of 1.20. Emerson Electric Company has a 1-year low of $49.22 and a 1-year high of $64.36.
Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.68. Emerson Electric had a net margin of 8.89% and a return on equity of 22.32%. The firm had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.99 billion. During the same period last year, the firm posted $0.68 EPS. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. Equities analysts anticipate that Emerson Electric Company will post $2.61 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Friday, August 11th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 3.26%. The ex-dividend date of this dividend is Wednesday, August 9th. Emerson Electric’s dividend payout ratio is currently 85.33%.
Several brokerages recently issued reports on EMR. BidaskClub downgraded shares of Emerson Electric from a hold rating to a sell rating in a report on Friday, June 9th. Stifel Nicolaus reissued a buy rating and set a $68.00 price target on shares of Emerson Electric in a report on Wednesday, July 19th. Cowen and Company reaffirmed a hold rating and issued a $62.00 target price on shares of Emerson Electric in a research note on Tuesday, May 2nd. Morgan Stanley reaffirmed an overweight rating on shares of Emerson Electric in a research note on Tuesday, July 11th. Finally, JMP Securities started coverage on shares of Emerson Electric in a research note on Monday, June 19th. They issued an outperform rating and a $70.00 target price for the company. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $58.14.
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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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