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.
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.
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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