Franklin Electric Co. (NASDAQ:FELE) Expected to Announce Earnings of $0.52 Per Share

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Equities research analysts expect Franklin Electric Co. (NASDAQ:FELE) to announce earnings per share (EPS) of $0.52 for the current quarter, Zacks reports. Zero analysts have provided estimates for Franklin Electric’s earnings, with estimates ranging from $0.51 to $0.52. Franklin Electric also reported earnings of $0.52 per share during the same quarter last year. The business is scheduled to announce its next earnings results on Tuesday, February 18th.

According to Zacks, analysts expect that Franklin Electric will report full year earnings of $2.16 per share for the current financial year, with EPS estimates ranging from $2.15 to $2.17. For the next financial year, analysts forecast that the business will report earnings of $2.39 per share, with EPS estimates ranging from $2.38 to $2.40. Zacks’ EPS averages are a mean average based on a survey of analysts that cover Franklin Electric.

Franklin Electric (NASDAQ:FELE) last announced its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $0.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.02. Franklin Electric had a return on equity of 13.46% and a net margin of 7.62%. The firm had revenue of $348.41 million for the quarter, compared to analysts’ expectations of $353.82 million. During the same period last year, the business posted $0.64 earnings per share. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis.

Several research analysts recently weighed in on FELE shares. Zacks Investment Research cut Franklin Electric from a “hold” rating to a “sell” rating in a research note on Wednesday, November 27th. BidaskClub upgraded Franklin Electric from a “hold” rating to a “buy” rating in a research report on Friday, October 25th. Finally, Seaport Global Securities reaffirmed a “neutral” rating on shares of Franklin Electric in a report on Tuesday, October 15th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. Franklin Electric has a consensus rating of “Hold” and a consensus target price of $54.00.

In related news, insider Jay J. Walsh sold 1,016 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $46.11, for a total value of $46,847.76. Following the completion of the transaction, the insider now owns 16,415 shares of the company’s stock, valued at approximately $756,895.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gregg C. Sengstack sold 8,008 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $54.37, for a total transaction of $435,394.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 20,699 shares of company stock valued at $1,090,336. 2.88% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in FELE. BlackRock Inc. increased its stake in shares of Franklin Electric by 0.5% during the 2nd quarter. BlackRock Inc. now owns 6,141,278 shares of the industrial products company’s stock worth $291,711,000 after purchasing an additional 30,506 shares during the last quarter. SG Americas Securities LLC grew its position in Franklin Electric by 472.6% in the third quarter. SG Americas Securities LLC now owns 64,806 shares of the industrial products company’s stock valued at $3,098,000 after acquiring an additional 53,489 shares during the period. JPMorgan Chase & Co. raised its stake in Franklin Electric by 8.2% during the second quarter. JPMorgan Chase & Co. now owns 31,115 shares of the industrial products company’s stock worth $1,451,000 after acquiring an additional 2,351 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Franklin Electric by 15.6% during the third quarter. Russell Investments Group Ltd. now owns 28,669 shares of the industrial products company’s stock worth $1,371,000 after acquiring an additional 3,869 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Franklin Electric by 1.1% during the third quarter. Envestnet Asset Management Inc. now owns 68,008 shares of the industrial products company’s stock valued at $3,251,000 after acquiring an additional 727 shares during the period. 76.84% of the stock is currently owned by institutional investors.

Shares of NASDAQ:FELE traded down $0.39 during trading on Thursday, reaching $54.34. The company had a trading volume of 584 shares, compared to its average volume of 84,814. The firm’s fifty day moving average is $52.67 and its 200 day moving average is $47.69. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.10 and a current ratio of 2.40. The firm has a market capitalization of $2.57 billion, a PE ratio of 24.08 and a beta of 1.30. Franklin Electric has a twelve month low of $39.92 and a twelve month high of $55.77.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a $0.145 dividend. This represents a $0.58 annualized dividend and a yield of 1.07%. The ex-dividend date was Thursday, October 31st. Franklin Electric’s payout ratio is currently 25.66%.

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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Earnings History and Estimates for Franklin Electric (NASDAQ:FELE)

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