Equities research analysts expect Franklin Electric Co. (NASDAQ:FELE) to report $303.56 million in sales for the current quarter, Zacks reports. Four analysts have provided estimates for Franklin Electric’s earnings. The lowest sales estimate is $296.40 million and the highest is $310.60 million. Franklin Electric posted sales of $295.63 million during the same quarter last year, which suggests a positive year over year growth rate of 2.7%. The firm is expected to report its next earnings results before the market opens on Tuesday, April 23rd.
On average, analysts expect that Franklin Electric will report full-year sales of $1.35 billion for the current fiscal year, with estimates ranging from $1.33 billion to $1.38 billion. For the next fiscal year, analysts forecast that the company will report sales of $1.41 billion, with estimates ranging from $1.39 billion to $1.44 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Franklin Electric.
Franklin Electric (NASDAQ:FELE) last released its quarterly earnings results on Tuesday, February 19th. The industrial products company reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.02. The firm had revenue of $316.66 million for the quarter, compared to analyst estimates of $309.68 million. Franklin Electric had a net margin of 8.16% and a return on equity of 14.72%. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.42 EPS.
NASDAQ FELE traded down $0.05 on Tuesday, reaching $51.57. The stock had a trading volume of 82,941 shares, compared to its average volume of 145,007. The firm has a market cap of $2.39 billion, a price-to-earnings ratio of 22.82, a PEG ratio of 4.26 and a beta of 1.37. The company has a quick ratio of 1.04, a current ratio of 2.27 and a debt-to-equity ratio of 0.13. Franklin Electric has a 12-month low of $38.87 and a 12-month high of $55.59.
In other news, VP Donald P. Kenney sold 1,500 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $52.14, for a total transaction of $78,210.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP John J. Haines sold 4,000 shares of the company’s stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $55.18, for a total value of $220,720.00. Following the sale, the vice president now directly owns 41,785 shares in the company, valued at approximately $2,305,696.30. The disclosure for this sale can be found here. In the last three months, insiders sold 13,090 shares of company stock worth $706,639. 2.88% of the stock is owned by corporate insiders.
Institutional investors have recently bought and sold shares of the company. Comerica Bank increased its position in shares of Franklin Electric by 0.6% during the fourth quarter. Comerica Bank now owns 38,409 shares of the industrial products company’s stock worth $1,781,000 after acquiring an additional 233 shares during the period. MetLife Investment Advisors LLC grew its stake in shares of Franklin Electric by 56.7% during the third quarter. MetLife Investment Advisors LLC now owns 33,076 shares of the industrial products company’s stock worth $1,563,000 after purchasing an additional 11,972 shares in the last quarter. Xact Kapitalforvaltning AB grew its stake in shares of Franklin Electric by 16.4% during the fourth quarter. Xact Kapitalforvaltning AB now owns 8,523 shares of the industrial products company’s stock worth $365,000 after purchasing an additional 1,200 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Franklin Electric by 4.1% during the fourth quarter. Victory Capital Management Inc. now owns 10,360 shares of the industrial products company’s stock worth $444,000 after purchasing an additional 404 shares in the last quarter. Finally, Monarch Capital Management Inc. grew its stake in shares of Franklin Electric by 1.5% during the fourth quarter. Monarch Capital Management Inc. now owns 159,512 shares of the industrial products company’s stock worth $6,840,000 after purchasing an additional 2,410 shares in the last quarter. 78.53% of the stock is currently owned by institutional investors and hedge funds.
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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