Emerson Electric Co. (EMR) Forecasted to Earn Q3 2017 Earnings of $0.68 Per Share

Emerson Electric Co. (NYSE:EMR) – Research analysts at Oppenheimer Holdings cut their Q3 2017 EPS estimates for shares of Emerson Electric in a research report issued to clients and investors on Tuesday. Oppenheimer Holdings analyst C. Glynn now forecasts that the industrial products company will post earnings per share of $0.68 for the quarter, down from their prior forecast of $0.69. Oppenheimer Holdings also issued estimates for Emerson Electric’s Q4 2017 earnings at $0.74 EPS and FY2017 earnings at $2.57 EPS.

Other research analysts have also issued reports about the company. Zacks Investment Research upgraded Emerson Electric from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a report on Tuesday, February 14th. Stifel Nicolaus lifted their price target on Emerson Electric from $63.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, February 9th. Berenberg Bank reissued a “sell” rating and issued a $53.00 price target on shares of Emerson Electric in a research note on Wednesday, February 22nd. Cowen and Company reissued a “hold” rating and issued a $62.00 price target on shares of Emerson Electric in a research note on Tuesday, May 2nd. Finally, HSBC Holdings plc raised Emerson Electric from a “reduce” rating to a “hold” rating and set a $55.00 price target on the stock in a research note on Friday, March 3rd. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and one has given a buy rating to the stock. Emerson Electric presently has an average rating of “Hold” and a consensus price target of $55.57.

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

COPYRIGHT VIOLATION NOTICE: “Emerson Electric Co. (EMR) Forecasted to Earn Q3 2017 Earnings of $0.68 Per Share” was originally published by Mideast Time and is the sole property of of Mideast Time. If you are accessing this story on another website, it was illegally copied and republished in violation of United States & international trademark & copyright legislation. The correct version of this story can be accessed at https://www.mideasttime.com/emerson-electric-co-emr-forecasted-to-earn-q3-2017-earnings-of-0-68-per-share/1765583.html.

Emerson Electric (NYSE:EMR) opened at 59.65 on Friday. Emerson Electric has a 12 month low of $48.45 and a 12 month high of $64.36. The firm has a market cap of $38.44 billion, a price-to-earnings ratio of 25.48 and a beta of 1.17. The firm’s 50-day moving average price is $59.10 and its 200-day moving average price is $58.80.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Tuesday, May 2nd. The industrial products company reported $0.58 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.58. The firm had revenue of $3.57 billion during the quarter, compared to the consensus estimate of $3.49 billion. Emerson Electric had a return on equity of 19.19% and a net margin of 10.74%. The firm’s revenue was down .1% on a year-over-year basis. During the same period in the prior year, the business earned $0.57 EPS.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Emerson Electric by 5.8% in 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 in the last quarter. BlackRock Inc. increased its position in shares of Emerson Electric by 2,235.9% in the first quarter. BlackRock Inc. now owns 40,176,076 shares of the industrial products company’s stock valued at $2,404,940,000 after buying an additional 38,456,143 shares in the last quarter. State Street Corp increased its position in shares of Emerson Electric by 3.4% in the fourth quarter. State Street Corp now owns 32,271,263 shares of the industrial products company’s stock valued at $1,799,131,000 after buying an additional 1,049,578 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Emerson Electric by 2.3% in the first quarter. Bank of New York Mellon Corp now owns 14,552,526 shares of the industrial products company’s stock valued at $871,114,000 after buying an additional 332,238 shares in the last quarter. Finally, American International Group Inc. increased its position in shares of Emerson Electric by 0.6% in the first quarter. American International Group Inc. now owns 9,041,764 shares of the industrial products company’s stock valued at $541,240,000 after buying an additional 53,444 shares in the last quarter. Institutional investors and hedge funds own 71.04% of the company’s stock.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. Shareholders of record on Friday, May 12th will be given a dividend of $0.48 per share. The ex-dividend date is Wednesday, May 10th. This represents a $1.92 annualized dividend and a yield of 3.22%. Emerson Electric’s dividend payout ratio is currently 77.73%.

About Emerson Electric

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “EMR”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Receive News & Ratings for Emerson Electric Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerson Electric Co. and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply

 
© 2006-2017 Mideast Time.