Emerson Electric Company (EMR) Expected to Post Quarterly Sales of $3.71 Billion

Equities research analysts expect that Emerson Electric Company (NYSE:EMR) will post sales of $3.71 billion for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for Emerson Electric’s earnings. The highest sales estimate is $3.77 billion and the lowest is $3.64 billion. Emerson Electric posted sales of $3.22 billion in the same quarter last year, which would indicate a positive year over year growth rate of 15.2%. The firm is scheduled to announce its next earnings report before the market opens on Tuesday, February 6th.

According to Zacks, analysts expect that Emerson Electric will report full-year sales of $3.71 billion for the current financial year, with estimates ranging from $16.59 billion to $16.85 billion. For the next financial year, analysts forecast that the firm will report sales of $17.58 billion per share, with estimates ranging from $17.40 billion to $17.72 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Emerson Electric.

Emerson Electric (NYSE:EMR) last posted its earnings results on Tuesday, November 7th. The industrial products company reported $0.83 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.83. The company had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.43 billion. Emerson Electric had a net margin of 9.94% and a return on equity of 20.47%. The company’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.74 earnings per share.

Several research firms have commented on EMR. Wells Fargo & Co reissued a “market perform” rating and issued a $73.00 target price (up from $65.00) on shares of Emerson Electric in a research report on Thursday. Vertical Research raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a research report on Tuesday, January 2nd. Cowen reissued a “buy” rating and issued a $72.00 target price on shares of Emerson Electric in a research report on Wednesday, December 20th. Zacks Investment Research raised shares of Emerson Electric from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $75.00 target price on shares of Emerson Electric in a research report on Monday, December 11th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company’s stock. Emerson Electric has an average rating of “Hold” and a consensus target price of $66.43.

Shares of Emerson Electric (NYSE:EMR) opened at $73.14 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.64 and a quick ratio of 1.30. The company has a market cap of $46,907.77, a P/E ratio of 28.47, a price-to-earnings-growth ratio of 2.70 and a beta of 1.24. Emerson Electric has a 1 year low of $56.77 and a 1 year high of $74.45.

In other news, VP Frank J. Dellaquila sold 2,100 shares of the business’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $64.77, for a total value of $136,017.00. Following the completion of the sale, the vice president now directly owns 178,743 shares in the company, valued at $11,577,184.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Edgar M. Purvis, Jr. sold 9,490 shares of the business’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $65.74, for a total transaction of $623,872.60. Following the completion of the sale, the chief operating officer now owns 168,984 shares of the company’s stock, valued at $11,109,008.16. The disclosure for this sale can be found here. Insiders sold 27,017 shares of company stock valued at $1,771,129 over the last 90 days. 0.79% of the stock is owned by corporate insiders.

Several institutional investors have recently modified their holdings of the company. Captrust Financial Advisors acquired a new position in Emerson Electric during the 2nd quarter valued at $177,119,000. Pictet Asset Management Ltd. raised its stake in Emerson Electric by 217.1% during the 2nd quarter. Pictet Asset Management Ltd. now owns 2,460,762 shares of the industrial products company’s stock valued at $145,480,000 after purchasing an additional 1,684,786 shares during the last quarter. Longview Partners Guernsey LTD raised its stake in Emerson Electric by 9.0% during the 3rd quarter. Longview Partners Guernsey LTD now owns 13,758,325 shares of the industrial products company’s stock valued at $864,573,000 after purchasing an additional 1,134,275 shares during the last quarter. Alyeska Investment Group L.P. acquired a new position in Emerson Electric during the 3rd quarter valued at $49,644,000. Finally, BlackRock Inc. raised its stake in Emerson Electric by 1.9% during the 2nd quarter. BlackRock Inc. now owns 40,954,867 shares of the industrial products company’s stock valued at $2,441,728,000 after purchasing an additional 778,791 shares during the last quarter. Institutional investors and hedge funds own 69.18% of the company’s stock.

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Emerson Electric Company Profile

Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.

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