Equities analysts predict that Emerson Electric Company (NYSE:EMR) will announce sales of $4.19 billion for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Emerson Electric’s earnings, with estimates ranging from $4.13 billion to $4.24 billion. Emerson Electric posted sales of $3.57 billion in the same quarter last year, which would indicate a positive year over year growth rate of 17.4%. The company is expected to issue its next earnings report on Tuesday, May 1st.

On average, analysts expect that Emerson Electric will report full-year sales of $4.19 billion for the current financial year, with estimates ranging from $17.10 billion to $17.28 billion. For the next financial year, analysts expect that the business will report sales of $17.91 billion per share, with estimates ranging from $17.45 billion to $18.17 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Emerson Electric.

Emerson Electric (NYSE:EMR) last announced its earnings results on Tuesday, February 6th. The industrial products company reported $0.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.04. The company had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.72 billion. Emerson Electric had a net margin of 10.09% and a return on equity of 20.73%. The firm’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.49 earnings per share.

Several analysts have recently commented on the stock. JMP Securities downgraded shares of Emerson Electric from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $74.45 to $56.77 in a report on Thursday, February 1st. Robert W. Baird increased their target price on shares of Emerson Electric from $70.00 to $76.00 and gave the company a “neutral” rating in a report on Wednesday. Zacks Investment Research upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a report on Thursday. JPMorgan Chase & Co. upgraded shares of Emerson Electric from a “neutral” rating to an “overweight” rating in a report on Friday. Finally, UBS Group began coverage on shares of Emerson Electric in a report on Monday, January 22nd. They issued a “buy” rating and a $73.26 target price for the company. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $67.65.

Shares of Emerson Electric (EMR) traded up $2.67 during mid-day trading on Tuesday, hitting $69.07. 5,968,221 shares of the stock traded hands, compared to its average volume of 3,569,390. The stock has a market capitalization of $43,848.26, a P/E ratio of 27.85, a P/E/G ratio of 2.38 and a beta of 1.19. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.30 and a current ratio of 1.32. Emerson Electric has a 52 week low of $56.77 and a 52 week high of $74.45.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 16th will be issued a dividend of $0.485 per share. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $1.94 dividend on an annualized basis and a yield of 2.81%. Emerson Electric’s dividend payout ratio (DPR) is presently 78.23%.

In related news, VP Bell Katherine Button sold 7,518 shares of the firm’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $66.36, for a total transaction of $498,894.48. Following the completion of the sale, the vice president now owns 36,877 shares in the company, valued at $2,447,157.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Edgar M. Purvis, Jr. sold 9,490 shares of the firm’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $65.74, for a total transaction of $623,872.60. Following the sale, the chief operating officer now owns 168,984 shares of the company’s stock, valued at approximately $11,109,008.16. The disclosure for this sale can be found here. Insiders have sold 27,017 shares of company stock valued at $1,771,129 in the last 90 days. 0.79% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Emerson Electric by 1.1% in the second quarter. Vanguard Group Inc. now owns 44,195,877 shares of the industrial products company’s stock worth $2,634,958,000 after purchasing an additional 497,625 shares in the last quarter. BlackRock Inc. increased its stake in shares of Emerson Electric by 0.6% in the fourth quarter. BlackRock Inc. now owns 41,040,358 shares of the industrial products company’s stock worth $2,860,104,000 after purchasing an additional 262,289 shares in the last quarter. Longview Partners Guernsey LTD increased its stake in shares of Emerson Electric by 4.1% in the fourth quarter. Longview Partners Guernsey LTD now owns 14,322,835 shares of the industrial products company’s stock worth $998,158,000 after purchasing an additional 564,510 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Emerson Electric by 4.7% in the third quarter. Bank of New York Mellon Corp now owns 13,355,963 shares of the industrial products company’s stock worth $839,288,000 after purchasing an additional 597,993 shares in the last quarter. Finally, Capital World Investors increased its stake in shares of Emerson Electric by 4.6% in the second quarter. Capital World Investors now owns 11,450,000 shares of the industrial products company’s stock worth $682,649,000 after purchasing an additional 500,000 shares in the last quarter. Hedge funds and other institutional investors own 69.23% of the company’s stock.

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

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