Q3 2019 EPS Estimates for Emerson Electric Co. Reduced by Analyst (EMR)

Emerson Electric Co. (NYSE:EMR) – Research analysts at Oppenheimer decreased their Q3 2019 earnings estimates for Emerson Electric in a research note issued on Monday, May 13th. Oppenheimer analyst C. Glynn now forecasts that the industrial products company will earn $0.94 per share for the quarter, down from their previous forecast of $1.03. Oppenheimer also issued estimates for Emerson Electric’s FY2020 earnings at $4.05 EPS.

A number of other equities analysts have also weighed in on EMR. Zacks Investment Research upgraded Emerson Electric from a “sell” rating to a “hold” rating in a research note on Tuesday. Cowen reiterated a “buy” rating and set a $81.00 price objective on shares of Emerson Electric in a research note on Tuesday, February 5th. Credit Suisse Group lifted their price objective on Emerson Electric from $70.00 to $75.00 and gave the company an “outperform” rating in a research note on Wednesday, February 6th. Morgan Stanley set a $77.00 price objective on Emerson Electric and gave the company a “buy” rating in a research note on Friday, February 8th. Finally, Citigroup upgraded Emerson Electric from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $67.00 to $81.00 in a research note on Monday, April 8th. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Emerson Electric presently has an average rating of “Buy” and an average price target of $76.41.

NYSE EMR opened at $65.15 on Wednesday. The stock has a market cap of $39.73 billion, a price-to-earnings ratio of 19.28, a P/E/G ratio of 2.06 and a beta of 1.23. Emerson Electric has a fifty-two week low of $55.38 and a fifty-two week high of $79.70. The company has a quick ratio of 0.76, a current ratio of 1.07 and a debt-to-equity ratio of 0.44.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Tuesday, May 7th. The industrial products company reported $0.84 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.84. The business had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.64 billion. Emerson Electric had a return on equity of 24.63% and a net margin of 12.81%. The company’s revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the business posted $0.76 EPS.

Several large investors have recently bought and sold shares of EMR. Bridgewater Associates LP acquired a new stake in Emerson Electric in the 1st quarter worth about $3,864,000. Cerity Partners LLC boosted its holdings in Emerson Electric by 1.1% in the 1st quarter. Cerity Partners LLC now owns 43,792 shares of the industrial products company’s stock worth $2,998,000 after buying an additional 475 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Emerson Electric by 3.4% in the 1st quarter. Geode Capital Management LLC now owns 7,643,108 shares of the industrial products company’s stock worth $522,518,000 after buying an additional 248,294 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Emerson Electric by 3.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,683,919 shares of the industrial products company’s stock worth $320,708,000 after buying an additional 167,669 shares during the last quarter. Finally, AQR Capital Management LLC boosted its holdings in Emerson Electric by 61.7% in the 1st quarter. AQR Capital Management LLC now owns 1,104,093 shares of the industrial products company’s stock worth $75,597,000 after buying an additional 421,334 shares during the last quarter. Hedge funds and other institutional investors own 73.06% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 17th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date is Thursday, May 16th. Emerson Electric’s dividend payout ratio (DPR) is presently 57.99%.

About Emerson Electric

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.

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