Equities Analysts Issue Forecasts for Eaton Corporation, PLC’s Q1 2018 Earnings (NYSE:ETN)

Eaton Corporation, PLC (NYSE:ETN) – Stock analysts at Jefferies Group issued their Q1 2018 earnings per share estimates for Eaton Corporation, PLC in a report released on Tuesday, Zacks Investment Research reports. Jefferies Group analyst S. Volkmann forecasts that the industrial products company will post earnings of $1.05 per share for the quarter. Jefferies Group currently has a “Hold” rating and a $80.00 target price on the stock. Jefferies Group also issued estimates for Eaton Corporation, PLC’s Q2 2018 earnings at $1.30 EPS, Q3 2018 earnings at $1.35 EPS and Q4 2018 earnings at $1.45 EPS.

Other equities research analysts have also issued reports about the stock. ValuEngine upgraded shares of Eaton Corporation, PLC from a “hold” rating to a “buy” rating in a research report on Friday, September 15th. Buckingham Research initiated coverage on shares of Eaton Corporation, PLC in a research report on Tuesday, October 17th. They set a “neutral” rating and a $82.00 target price for the company. Citigroup Inc. lifted their target price on shares of Eaton Corporation, PLC from $88.00 to $90.00 and gave the company a “buy” rating in a research report on Friday, October 13th. J P Morgan Chase & Co lowered shares of Eaton Corporation, PLC from a “neutral” rating to an “underweight” rating and dropped their target price for the company from $73.00 to $70.00 in a research report on Thursday, August 17th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $82.00 target price on shares of Eaton Corporation, PLC in a research report on Thursday, October 12th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $82.86.

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Eaton Corporation, PLC (NYSE:ETN) opened at $77.92 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.43 and a quick ratio of 1.02. Eaton Corporation, PLC has a 1 year low of $63.94 and a 1 year high of $82.34. The company has a market cap of $34,330.00, a P/E ratio of 17.39, a PEG ratio of 1.92 and a beta of 1.39.

Eaton Corporation, PLC (NYSE:ETN) last released its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $1.25 EPS for the quarter, meeting analysts’ consensus estimates of $1.25. Eaton Corporation, PLC had a net margin of 14.21% and a return on equity of 12.89%. The company had revenue of $5.21 billion during the quarter, compared to analyst estimates of $5.12 billion. During the same period last year, the business earned $1.16 earnings per share. Eaton Corporation, PLC’s revenue was up 6.4% compared to the same quarter last year.

Several hedge funds and other institutional investors have recently modified their holdings of ETN. Cable Hill Partners LLC increased its stake in shares of Eaton Corporation, PLC by 174.8% in the third quarter. Cable Hill Partners LLC now owns 1,363 shares of the industrial products company’s stock worth $105,000 after buying an additional 867 shares during the period. Harfst & Associates Inc. purchased a new position in shares of Eaton Corporation, PLC in the first quarter worth $109,000. Guardian Life Insurance Co. of America increased its stake in shares of Eaton Corporation, PLC by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,742 shares of the industrial products company’s stock worth $129,000 after buying an additional 12 shares during the period. Captrust Financial Advisors purchased a new position in shares of Eaton Corporation, PLC in the second quarter worth $133,000. Finally, Acrospire Investment Management LLC increased its stake in shares of Eaton Corporation, PLC by 325.9% in the second quarter. Acrospire Investment Management LLC now owns 2,091 shares of the industrial products company’s stock worth $163,000 after buying an additional 1,600 shares during the period. 77.01% of the stock is currently owned by institutional investors.

In related news, Director Deborah L. Mccoy sold 6,450 shares of Eaton Corporation, PLC stock in a transaction on Monday, September 11th. The shares were sold at an average price of $73.17, for a total value of $471,946.50. Following the transaction, the director now directly owns 46,386 shares of the company’s stock, valued at $3,394,063.62. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.80% of the stock is owned by insiders.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 17th. Investors of record on Friday, November 3rd will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 3.08%. The ex-dividend date is Thursday, November 2nd. Eaton Corporation, PLC’s payout ratio is 55.05%.

About Eaton Corporation, PLC

Eaton Corporation (Eaton) is a diversified power management company. It is engaged in the manufacturing of electrical components and systems for power quality, distribution and control; hydraulics components, systems and services for industrial and mobile equipment; aerospace fuel, hydraulics and pneumatic systems for commercial and military use, and truck and automotive drivetrain and powertrain systems for performance, fuel economy and safety.

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Earnings History and Estimates for Eaton Corporation, PLC (NYSE:ETN)

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