Wall Street analysts expect Emerson Electric (NYSE:EMR) to post earnings per share (EPS) of $0.71 for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for Emerson Electric’s earnings. The lowest EPS estimate is $0.69 and the highest is $0.72. 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 report its next earnings report before the market opens on Tuesday, May 1st.
On average, 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’ earnings per share calculations are an average based on a survey of analysts that cover Emerson Electric.
Emerson Electric (NYSE:EMR) last announced its earnings results on Tuesday, February 6th. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. The company had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.72 billion. Emerson Electric had a net margin of 10.09% and a return on equity of 20.73%. The firm’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.49 earnings per share.
A number of equities analysts have issued reports on EMR shares. Cowen restated a “buy” rating and set a $78.00 target price on shares of Emerson Electric in a research report on Wednesday. Zacks Investment Research upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $77.00 price target for the company in a report on Tuesday. Vertical Research upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating in a report on Tuesday, January 2nd. Barclays assumed coverage on shares of Emerson Electric in a report on Thursday, February 15th. They set an “overweight” rating and a $80.00 price target for the company. Finally, JPMorgan Chase upgraded shares of Emerson Electric from a “neutral” rating to an “overweight” rating in a report on Friday, February 9th. Three analysts have rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company. Emerson Electric has a consensus rating of “Hold” and a consensus target price of $71.07.
A number of institutional investors have recently added to or reduced their stakes in EMR. Norris Perne & French LLP MI grew its stake in Emerson Electric by 0.9% during the fourth quarter. Norris Perne & French LLP MI now owns 85,190 shares of the industrial products company’s stock worth $5,937,000 after buying an additional 722 shares during the period. Hallmark Capital Management Inc. grew its stake in Emerson Electric by 2.1% during the fourth quarter. Hallmark Capital Management Inc. now owns 35,674 shares of the industrial products company’s stock worth $2,486,000 after buying an additional 743 shares during the period. Murphy Capital Management Inc. grew its stake in Emerson Electric by 5.0% during the fourth quarter. Murphy Capital Management Inc. now owns 15,897 shares of the industrial products company’s stock worth $1,107,000 after buying an additional 750 shares during the period. Capital City Trust Co. FL grew its stake in Emerson Electric by 4.9% during the fourth quarter. Capital City Trust Co. FL now owns 16,709 shares of the industrial products company’s stock worth $1,050,000 after buying an additional 783 shares during the period. Finally, Seaward Management Limited Partnership grew its stake in Emerson Electric by 0.3% during the fourth quarter. Seaward Management Limited Partnership now owns 279,762 shares of the industrial products company’s stock worth $19,496,000 after buying an additional 818 shares during the period. Hedge funds and other institutional investors own 69.97% of the company’s stock.
EMR traded up $1.23 during midday trading on Friday, reaching $70.62. 2,983,899 shares of the company’s stock were exchanged, compared to its average volume of 3,561,896. The company has a current ratio of 1.32, a quick ratio of 1.02 and a debt-to-equity ratio of 0.40. The stock has a market cap of $43,683.18, a P/E ratio of 26.75, a PEG ratio of 2.09 and a beta of 1.18. Emerson Electric has a 1-year low of $56.77 and a 1-year high of $74.45.
TRADEMARK VIOLATION NOTICE: This article was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this article on another website, it was copied illegally and reposted in violation of US & international copyright & trademark law. The correct version of this article can be viewed at https://ledgergazette.com/2018/04/18/zacks-brokerages-expect-emerson-electric-emr-will-announce-earnings-of-0-71-per-share.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Emerson Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerson Electric and related companies with MarketBeat.com's FREE daily email newsletter.