Emerson Electric (NYSE:EMR) Issues FY 2021 Earnings Guidance

Emerson Electric (NYSE:EMR) issued an update on its FY 2021 earnings guidance on Monday morning. The company provided earnings per share guidance of $4.060-$4.080 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.080. The company issued revenue guidance of $18.30 billion-$18.46 billion, compared to the consensus revenue estimate of $18.40 billion.Emerson Electric also updated its FY21 guidance to $4.06-4.08 EPS.

Several equities analysts recently issued reports on the company. Wells Fargo & Company assumed coverage on Emerson Electric in a research report on Thursday, October 7th. They issued an equal weight rating and a $99.00 price objective on the stock. Deutsche Bank Aktiengesellschaft increased their price target on Emerson Electric from $103.00 to $111.00 and gave the company a buy rating in a report on Wednesday, July 14th. Morgan Stanley lowered their price target on Emerson Electric from $106.00 to $102.00 and set an equal weight rating on the stock in a report on Thursday, October 7th. Cowen reissued a buy rating on shares of Emerson Electric in a report on Tuesday, August 31st. Finally, Barclays increased their price target on Emerson Electric from $91.00 to $94.00 and gave the company an equal weight rating in a report on Thursday, July 8th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of Buy and a consensus price target of $99.57.

Shares of NYSE:EMR opened at $91.87 on Thursday. The company has a current ratio of 1.31, a quick ratio of 1.00 and a debt-to-equity ratio of 0.62. Emerson Electric has a 12 month low of $63.65 and a 12 month high of $105.99. The company has a 50-day moving average price of $99.80 and a 200 day moving average price of $96.66. The company has a market cap of $54.92 billion, a price-to-earnings ratio of 23.50, a PEG ratio of 2.42 and a beta of 1.54.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, August 4th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.11. The business had revenue of $4.70 billion during the quarter, compared to the consensus estimate of $4.58 billion. Emerson Electric had a net margin of 13.20% and a return on equity of 26.77%. The firm’s quarterly revenue was up 20.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.80 earnings per share. As a group, equities analysts forecast that Emerson Electric will post 4.08 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 10th. Shareholders of record on Friday, August 13th were paid a $0.505 dividend. This represents a $2.02 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend was Thursday, August 12th. Emerson Electric’s payout ratio is currently 58.38%.

In other news, VP Bell Katherine Button sold 12,850 shares of the firm’s stock in a transaction that occurred on Tuesday, August 10th. The shares were sold at an average price of $101.21, for a total transaction of $1,300,548.50. Following the transaction, the vice president now directly owns 27,659 shares of the company’s stock, valued at $2,799,367.39. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.50% of the company’s stock.

About Emerson Electric

Emerson Electric Co is a global technology and engineering company, which provides innovative solutions for customers in industrial, commercial and residential markets. It operates through the following business segments: Automation Solutions; Climate Technologies; and Tools and Home Products. The Automation Solutions segment offers products, integrated solutions, software and services which enable process, hybrid and discrete manufacturers to maximize production, protect personnel and the environment, reduce project costs, and optimize their energy efficiency and operating costs.

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

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