Q3 2018 Earnings Forecast for Emerson Electric Company (EMR) Issued By William Blair
Emerson Electric Company (NYSE:EMR) – Research analysts at William Blair increased their Q3 2018 earnings per share (EPS) estimates for shares of Emerson Electric in a research note issued to investors on Tuesday. William Blair analyst N. Heymann now expects that the industrial products company will post earnings per share of $0.82 for the quarter, up from their prior forecast of $0.81. William Blair also issued estimates for Emerson Electric’s FY2018 earnings at $2.96 EPS.
EMR has been the subject of several other reports. Stifel Nicolaus reissued a “buy” rating on shares of Emerson Electric in a research note on Thursday, October 12th. Edward Jones downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Friday, November 17th. Cowen raised shares of Emerson Electric to a “buy” rating and set a $71.00 price target for the company in a research note on Monday, October 23rd. Zacks Investment Research raised shares of Emerson Electric from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Finally, Citigroup set a $61.00 price objective on shares of Emerson Electric and gave the company a “sell” rating in a research note on Tuesday. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the company. Emerson Electric presently has an average rating of “Hold” and a consensus target price of $65.14.
Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Tuesday, November 7th. The industrial products company reported $0.83 earnings per share for the quarter, hitting the consensus estimate of $0.83. The business had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.43 billion. Emerson Electric had a net margin of 9.94% and a return on equity of 20.47%. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.74 earnings per share.
Several large investors have recently modified their holdings of the company. Captrust Financial Advisors purchased a new position in shares of Emerson Electric during the second quarter valued at about $177,119,000. Vanguard Group Inc. increased its position in shares of Emerson Electric by 5.8% during the first quarter. Vanguard Group Inc. now owns 43,698,252 shares of the industrial products company’s stock valued at $2,615,777,000 after buying an additional 2,404,844 shares during the period. Prudential Financial Inc. increased its position in shares of Emerson Electric by 135.9% during the first quarter. Prudential Financial Inc. now owns 2,963,124 shares of the industrial products company’s stock valued at $177,372,000 after buying an additional 1,706,810 shares during the period. Pictet Asset Management Ltd. increased its position in shares of Emerson Electric by 217.1% during the second quarter. Pictet Asset Management Ltd. now owns 2,460,762 shares of the industrial products company’s stock valued at $145,480,000 after buying an additional 1,684,786 shares during the period. Finally, Longview Partners Guernsey LTD increased its position in shares of Emerson Electric by 9.0% during the third quarter. Longview Partners Guernsey LTD now owns 13,758,325 shares of the industrial products company’s stock valued at $864,573,000 after buying an additional 1,134,275 shares during the period. 69.19% of the stock is owned by hedge funds and other institutional investors.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Friday, November 17th will be paid a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a dividend yield of 3.00%. This is an increase from Emerson Electric’s previous quarterly dividend of $0.48. The ex-dividend date is Thursday, November 16th. Emerson Electric’s dividend payout ratio is 82.55%.
Emerson Electric Company Profile
Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.
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