Emerson Electric Company (NYSE:EMR) Issues FY17 Earnings Guidance

Emerson Electric Company (NYSE:EMR) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $2.58-2.62 for the period, compared to the Thomson Reuters consensus estimate of $2.60.

Shares of Emerson Electric Company (EMR) traded down 0.42% during mid-day trading on Friday, reaching $58.89. The company had a trading volume of 2,802,773 shares. The stock has a market capitalization of $37.69 billion, a price-to-earnings ratio of 26.28 and a beta of 1.20. Emerson Electric Company has a 1-year low of $49.22 and a 1-year high of $64.36. The firm has a 50-day moving average price of $59.83 and a 200-day moving average price of $59.84.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $0.68 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.68. Emerson Electric had a return on equity of 22.32% and a net margin of 8.89%. The firm had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $3.99 billion. During the same period in the prior year, the business posted $0.68 EPS. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. Equities analysts expect that Emerson Electric Company will post $2.61 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Friday, August 11th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date is Wednesday, August 9th. Emerson Electric’s dividend payout ratio (DPR) is presently 85.33%.

EMR has been the subject of a number of research analyst reports. Zacks Investment Research cut Emerson Electric from a buy rating to a hold rating in a research note on Friday, May 5th. BidaskClub upgraded Emerson Electric from a sell rating to a hold rating in a research note on Friday, June 16th. JMP Securities initiated coverage on Emerson Electric in a research note on Monday, June 19th. They issued an outperform rating and a $70.00 price target for the company. Royal Bank Of Canada reiterated a sector perform rating and issued a $62.00 price target (up from $61.00) on shares of Emerson Electric in a research note on Wednesday, August 2nd. Finally, Cowen and Company reiterated a hold rating and issued a $62.00 price target on shares of Emerson Electric in a research note on Tuesday, April 25th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have given a buy rating to the company’s stock. Emerson Electric currently has a consensus rating of Hold and a consensus price target of $58.14.

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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.

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

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