Emerson Electric Co. Expected to Earn FY2023 Earnings of $4.19 Per Share (NYSE:EMR)

Posted by Defense World Staff on Jul 17th, 2023

Emerson Electric Co. (NYSE:EMR – Free Report) – Investment analysts at Zacks Research lifted their FY2023 EPS estimates for Emerson Electric in a research note issued on Thursday, July 13th. Zacks Research analyst E. Haque now expects that the industrial products company will post earnings of $4.19 per share for the year, up from their previous forecast of $4.18. The consensus estimate for Emerson Electric’s current full-year earnings is $4.20 per share. Zacks Research also issued estimates for Emerson Electric’s Q4 2023 earnings at $1.24 EPS, Q1 2024 earnings at $0.96 EPS, Q2 2024 earnings at $1.11 EPS, Q3 2024 earnings at $1.13 EPS, Q4 2024 earnings at $1.29 EPS, FY2024 earnings at $4.48 EPS, Q1 2025 earnings at $1.08 EPS, Q3 2025 earnings at $1.24 EPS and FY2025 earnings at $4.92 EPS.

Emerson Electric (NYSE:EMR – Get Free Report) last announced its earnings results on Wednesday, May 3rd. The industrial products company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.12. Emerson Electric had a net margin of 27.35% and a return on equity of 16.94%. The business had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.65 billion. During the same period in the prior year, the company earned $1.29 earnings per share. The firm’s revenue was down 21.8% on a year-over-year basis.

A number of other brokerages have also recently commented on EMR. HSBC raised shares of Emerson Electric from a “hold” rating to a “buy” rating and upped their target price for the company from $79.00 to $100.00 in a report on Wednesday, June 14th. Loop Capital dropped their price target on shares of Emerson Electric from $115.00 to $105.00 and set a “buy” rating for the company in a research report on Tuesday, April 11th. Morgan Stanley reiterated a “buy” rating and issued a $96.00 price target on shares of Emerson Electric in a research report on Friday, May 5th. Robert W. Baird dropped their price target on shares of Emerson Electric from $94.00 to $89.00 in a research report on Thursday, May 4th. Finally, Royal Bank of Canada dropped their price target on shares of Emerson Electric from $105.00 to $103.00 and set an “outperform” rating for the company in a research report on Friday, May 5th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $99.47.

Emerson Electric Stock Down 0.2 %

Shares of EMR stock opened at $92.09 on Monday. Emerson Electric has a 12 month low of $72.40 and a 12 month high of $99.65. The stock has a market cap of $52.63 billion, a P/E ratio of 11.33, a P/E/G ratio of 2.42 and a beta of 1.41. The company has a current ratio of 1.19, a quick ratio of 0.92 and a debt-to-equity ratio of 0.47. The company has a 50 day simple moving average of $85.22 and a two-hundred day simple moving average of $86.37.

Institutional Investors Weigh In On Emerson Electric

Hedge funds and other institutional investors have recently made changes to their positions in the company. Aspire Private Capital LLC purchased a new position in Emerson Electric in the 1st quarter worth about $11,415,340,000. Mach 1 Financial Group LLC purchased a new position in Emerson Electric during the 1st quarter valued at about $13,510,000. Spartan Planning & Wealth Management purchased a new position in Emerson Electric during the 4th quarter valued at about $27,000. Graham Capital Wealth Management LLC purchased a new position in Emerson Electric during the 1st quarter valued at about $243,121,000. Finally, Glass Jacobson Investment Advisors llc purchased a new position in Emerson Electric during the 4th quarter valued at about $30,000. Hedge funds and other institutional investors own 75.63% of the company’s stock.

Insider Buying and Selling at Emerson Electric

In other Emerson Electric news, VP Lisa Flavin sold 48,718 shares of the stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $89.65, for a total transaction of $4,367,568.70. Following the completion of the transaction, the vice president now owns 51,748 shares in the company, valued at $4,639,208.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.33% of the stock is owned by company insiders.

Emerson Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Shareholders of record on Friday, May 12th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Thursday, May 11th. This represents a $2.08 annualized dividend and a yield of 2.26%. Emerson Electric’s dividend payout ratio (DPR) is currently 25.58%.

About Emerson Electric

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Emerson Electric Co, a technology and engineering company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. The company operates through Automation Solutions, AspenTech, and Commercial & Residential Solutions segments.