Wall Street brokerages expect that Franklin Electric Co. (NASDAQ:FELE) will post $0.42 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Franklin Electric’s earnings. The lowest EPS estimate is $0.37 and the highest is $0.45. Franklin Electric reported earnings of $0.45 per share in the same quarter last year, which would suggest a negative year over year growth rate of 6.7%. The firm is expected to report its next earnings report on Tuesday, May 7th.
On average, analysts expect that Franklin Electric will report full-year earnings of $2.42 per share for the current year, with EPS estimates ranging from $2.40 to $2.45. For the next financial year, analysts forecast that the business will post earnings of $2.62 per share, with EPS estimates ranging from $2.55 to $2.67. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Franklin Electric.
Franklin Electric (NASDAQ:FELE) last released its earnings results on Tuesday, February 19th. The industrial products company reported $0.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.02. The company had revenue of $316.66 million during the quarter, compared to the consensus estimate of $309.68 million. Franklin Electric had a net margin of 8.16% and a return on equity of 14.72%. The company’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.42 EPS.
In related news, VP Donald P. Kenney sold 1,500 shares of the business’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $52.14, for a total value of $78,210.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas R. Verhage sold 2,000 shares of the business’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $55.21, for a total value of $110,420.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,090 shares of company stock valued at $706,639. 2.88% of the stock is owned by insiders.
A number of hedge funds have recently bought and sold shares of FELE. BlackRock Inc. boosted its holdings in shares of Franklin Electric by 0.7% during the 4th quarter. BlackRock Inc. now owns 6,075,013 shares of the industrial products company’s stock worth $260,496,000 after buying an additional 43,292 shares in the last quarter. Vanguard Group Inc. grew its stake in Franklin Electric by 2.5% in the third quarter. Vanguard Group Inc. now owns 4,313,834 shares of the industrial products company’s stock worth $203,829,000 after purchasing an additional 104,385 shares in the last quarter. Vanguard Group Inc grew its stake in Franklin Electric by 2.5% in the third quarter. Vanguard Group Inc now owns 4,313,834 shares of the industrial products company’s stock worth $203,829,000 after purchasing an additional 104,385 shares in the last quarter. Impax Asset Management Group plc grew its stake in Franklin Electric by 2.1% in the fourth quarter. Impax Asset Management Group plc now owns 2,871,539 shares of the industrial products company’s stock worth $123,132,000 after purchasing an additional 58,442 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Franklin Electric by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,705,695 shares of the industrial products company’s stock worth $73,140,000 after purchasing an additional 5,165 shares in the last quarter. 78.65% of the stock is owned by institutional investors and hedge funds.
Shares of FELE traded up $0.22 during midday trading on Friday, hitting $51.09. The company had a trading volume of 140,542 shares, compared to its average volume of 143,602. The company has a market capitalization of $2.34 billion, a P/E ratio of 22.61, a PEG ratio of 4.17 and a beta of 1.38. Franklin Electric has a 52 week low of $38.87 and a 52 week high of $55.59. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.04 and a current ratio of 2.27.
About Franklin Electric
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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