Emerson Electric (EMR) Scheduled to Post Quarterly Earnings on Tuesday

Emerson Electric (NYSE:EMR) is scheduled to be announcing its earnings results before the market opens on Tuesday, November 5th. Analysts expect the company to announce earnings of $1.47 per share for the quarter. Emerson Electric has set its FY24 guidance at $5.45-5.50 EPS and its FY 2024 guidance at 5.450-5.500 EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.01. The firm had revenue of $4.38 billion for the quarter, compared to analysts’ expectations of $4.44 billion. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.29 earnings per share. On average, analysts expect Emerson Electric to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Emerson Electric Stock Up 0.2 %

NYSE EMR opened at $108.46 on Friday. The business’s 50-day moving average is $106.66 and its 200 day moving average is $108.86. The stock has a market capitalization of $62.12 billion, a PE ratio of 36.40, a PEG ratio of 1.67 and a beta of 1.30. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 0.86. Emerson Electric has a 1 year low of $83.10 and a 1 year high of $119.53.

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th were paid a dividend of $0.525 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.10 annualized dividend and a dividend yield of 1.94%. Emerson Electric’s dividend payout ratio (DPR) is presently 70.47%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on EMR. JPMorgan Chase & Co. downgraded shares of Emerson Electric from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $132.00 to $115.00 in a research report on Wednesday, August 14th. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Barclays cut their price objective on Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 8th. Royal Bank of Canada decreased their target price on Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Finally, Redburn Atlantic began coverage on Emerson Electric in a research report on Monday, July 8th. They set a “buy” rating and a $135.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $125.47.

Emerson Electric Company Profile

Emerson Electric Co, a technology and software company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.