Franklin Electric (NASDAQ:FELE) Issues FY 2018 Earnings Guidance

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Franklin Electric (NASDAQ:FELE) updated its FY 2018 earnings guidance on Friday. The company provided EPS guidance of $2.37 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.27. Franklin Electric also updated its FY18 guidance to $2.22-2.26 EPS.

A number of equities analysts recently issued reports on the company. Zacks Investment Research upgraded Franklin Electric from a sell rating to a hold rating in a report on Thursday. BidaskClub raised Franklin Electric from a sell rating to a hold rating in a research report on Thursday. Finally, ValuEngine cut Franklin Electric from a buy rating to a hold rating in a research report on Wednesday, September 19th. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $48.80.

Shares of Franklin Electric stock traded down $0.36 during midday trading on Friday, hitting $45.43. The company’s stock had a trading volume of 116,732 shares, compared to its average volume of 130,938. The stock has a market cap of $2.15 billion, a PE ratio of 23.66, a price-to-earnings-growth ratio of 2.42 and a beta of 1.60. The company has a quick ratio of 1.00, a current ratio of 2.22 and a debt-to-equity ratio of 0.13. Franklin Electric has a 1-year low of $38.45 and a 1-year high of $51.45.

Franklin Electric (NASDAQ:FELE) last issued its earnings results on Friday, October 26th. The industrial products company reported $0.64 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.02). The business had revenue of $341.87 million during the quarter, compared to analyst estimates of $342.18 million. Franklin Electric had a return on equity of 14.22% and a net margin of 7.07%. The business’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period last year, the business earned $0.53 EPS. Analysts expect that Franklin Electric will post 2.24 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Thursday, November 1st will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, October 31st. This represents a $0.48 dividend on an annualized basis and a yield of 1.06%. Franklin Electric’s payout ratio is 25.00%.

In related news, VP Steven William Aikman sold 3,500 shares of Franklin Electric stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $49.89, for a total transaction of $174,615.00. Following the completion of the sale, the vice president now owns 18,515 shares of the company’s stock, valued at $923,713.35. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.54% of the stock is currently owned by company insiders.

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Franklin Electric Company Profile

Franklin Electric Co, Inc, together with its subsidiaries, designs, manufactures, and distributes water and fuel pumping systems worldwide. It operates in three segments: Water Systems, Fueling Systems, and Distribution. The Water Systems segment offers submersible motors, pumps, drives, electronic controls, monitoring devices, and related parts and equipment.

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Earnings History and Estimates for Franklin Electric (NASDAQ:FELE)

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