Zacks: Analysts Anticipate Emerson Electric (EMR) to Announce $0.71 EPS

Analysts expect that Emerson Electric (NYSE:EMR) will announce $0.71 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Emerson Electric’s earnings, with the highest EPS estimate coming in at $0.72 and the lowest estimate coming in at $0.69. Emerson Electric reported earnings of $0.58 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 22.4%. The firm is expected to announce its next earnings report before the market opens on Tuesday, May 1st.

According to Zacks, analysts expect that Emerson Electric will report full-year earnings of $3.12 per share for the current year, with EPS estimates ranging from $3.10 to $3.15. For the next financial year, analysts anticipate that the business will report earnings of $3.63 per share, with EPS estimates ranging from $3.55 to $3.75. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Emerson Electric.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. Emerson Electric had a net margin of 10.09% and a return on equity of 20.73%. The firm had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same quarter in the prior year, the firm earned $0.49 EPS. The company’s revenue was up 18.7% on a year-over-year basis.

Several research analysts have recently issued reports on EMR shares. Vertical Research raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a research note on Tuesday, January 2nd. Wells Fargo reaffirmed a “market perform” rating and issued a $73.00 target price (up previously from $65.00) on shares of Emerson Electric in a research note on Thursday, January 18th. UBS started coverage on shares of Emerson Electric in a research note on Monday, January 22nd. They issued a “buy” rating and a $73.26 target price on the stock. JMP Securities lowered shares of Emerson Electric from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $74.45 to $56.77 in a research note on Thursday, February 1st. Finally, Robert W. Baird raised their target price on shares of Emerson Electric from $70.00 to $76.00 and gave the company a “neutral” rating in a research note on Wednesday, February 7th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the stock. Emerson Electric presently has a consensus rating of “Hold” and an average price target of $71.07.

NYSE:EMR traded down $0.47 during mid-day trading on Friday, reaching $70.20. 3,899,015 shares of the company were exchanged, compared to its average volume of 3,556,149. Emerson Electric has a 12 month low of $56.77 and a 12 month high of $74.45. The company has a quick ratio of 1.02, a current ratio of 1.32 and a debt-to-equity ratio of 0.40. The firm has a market cap of $44,832.24, a P/E ratio of 26.59, a P/E/G ratio of 2.14 and a beta of 1.18.

Large investors have recently made changes to their positions in the stock. G&S Capital LLC acquired a new stake in shares of Emerson Electric in the 4th quarter valued at approximately $101,000. Cerebellum GP LLC acquired a new stake in shares of Emerson Electric in the 4th quarter valued at approximately $129,000. Global Trust Asset Management LLC acquired a new stake in shares of Emerson Electric in the 4th quarter valued at approximately $146,000. Cable Hill Partners LLC acquired a new stake in shares of Emerson Electric in the 3rd quarter valued at approximately $151,000. Finally, Trustcore Financial Services LLC acquired a new stake in shares of Emerson Electric in the 4th quarter valued at approximately $160,000. Institutional investors and hedge funds own 69.97% of the company’s stock.

About Emerson Electric

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and residential markets worldwide. The company's Automation Solutions segment offers software; measurement and analytical instrumentation; valves, actuators, and regulators; industry services and solutions; process control systems and solutions; and digital plant solutions.

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