Zacks: Brokerages Expect Emerson Electric (EMR) Will Announce Earnings of $0.71 Per Share

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.

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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.

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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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Earnings History and Estimates for Emerson Electric (NYSE:EMR)

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