Q1 2020 Earnings Estimate for Emerson Electric Co. (NYSE:EMR) Issued By Oppenheimer

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Emerson Electric Co. (NYSE:EMR) – Research analysts at Oppenheimer dropped their Q1 2020 earnings per share (EPS) estimates for shares of Emerson Electric in a research note issued to investors on Tuesday, November 5th. Oppenheimer analyst C. Glynn now expects that the industrial products company will post earnings per share of $0.67 for the quarter, down from their prior forecast of $0.69. Oppenheimer also issued estimates for Emerson Electric’s Q2 2020 earnings at $0.84 EPS, Q3 2020 earnings at $0.95 EPS, Q4 2020 earnings at $1.14 EPS, FY2020 earnings at $3.60 EPS and FY2021 earnings at $3.95 EPS.

Other research analysts have also issued reports about the stock. Cfra lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. ValuEngine upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating in a research report on Wednesday. Royal Bank of Canada upgraded shares of Emerson Electric from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $65.00 to $77.00 in a research report on Monday, September 30th. Citigroup boosted their price target on shares of Emerson Electric from $77.00 to $83.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Wolfe Research set a $72.00 price target on shares of Emerson Electric and gave the company a “buy” rating in a research report on Thursday, September 26th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $73.00.

EMR opened at $73.88 on Friday. The company has a fifty day moving average price of $67.96 and a 200-day moving average price of $64.99. The firm has a market capitalization of $45.39 billion, a P/E ratio of 20.02, a price-to-earnings-growth ratio of 2.52 and a beta of 1.37. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.19 and a quick ratio of 0.85. Emerson Electric has a one year low of $55.38 and a one year high of $75.54.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $1.07 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.07. Emerson Electric had a net margin of 12.55% and a return on equity of 26.32%. The business had revenue of $4.97 billion during the quarter, compared to analyst estimates of $5.02 billion. During the same period in the previous year, the business earned $0.89 EPS. Emerson Electric’s revenue was up 1.7% compared to the same quarter last year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Gradient Investments LLC lifted its holdings in shares of Emerson Electric by 164.4% during the 3rd quarter. Gradient Investments LLC now owns 386 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 240 shares during the last quarter. Candriam Luxembourg S.C.A. lifted its holdings in shares of Emerson Electric by 12.8% during the 3rd quarter. Candriam Luxembourg S.C.A. now owns 382,028 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 43,374 shares during the last quarter. Ellevest Inc. lifted its holdings in shares of Emerson Electric by 110.0% during the 2nd quarter. Ellevest Inc. now owns 420 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 220 shares during the last quarter. Larson Financial Group LLC lifted its holdings in shares of Emerson Electric by 80.3% during the 2nd quarter. Larson Financial Group LLC now owns 440 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 196 shares during the last quarter. Finally, Garrett Wealth Advisory Group LLC bought a new stake in shares of Emerson Electric during the 3rd quarter worth $31,000. 70.32% of the stock is owned by institutional investors.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date of this dividend is Thursday, November 14th. Emerson Electric’s dividend payout ratio is currently 53.12%.

Emerson Electric Company Profile

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.

Further Reading: 52-Week High/Low

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

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