Eaton Corporation, PLC (NYSE:ETN) will announce its earnings results before the market opens on Tuesday, August 1st. Analysts expect the company to announce earnings of $1.16 per share for the quarter. Eaton Corporation, PLC has set its Q2 guidance at $1.05-1.15 EPS and its FY17 guidance at $4.45-4.75 EPS.
Eaton Corporation, PLC (NYSE:ETN) last released its quarterly earnings data on Tuesday, May 2nd. The industrial products company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.09. Eaton Corporation, PLC had a return on equity of 12.82% and a net margin of 9.86%. The firm had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.70 billion. During the same period last year, the business posted $0.88 EPS. Eaton Corporation, PLC’s quarterly revenue was up .7% on a year-over-year basis. On average, analysts expect Eaton Corporation, PLC to post $4.66 EPS for the current fiscal year and $5.15 EPS for the next fiscal year.
Eaton Corporation, PLC (NYSE:ETN) opened at 78.43 on Friday. Eaton Corporation, PLC has a 1-year low of $59.07 and a 1-year high of $81.63. The company has a 50-day moving average price of $78.15 and a 200 day moving average price of $74.65. The stock has a market capitalization of $35.08 billion, a P/E ratio of 18.27 and a beta of 1.35.
The company also recently announced a quarterly dividend, which will be paid on Friday, August 18th. Investors of record on Friday, August 4th will be issued a dividend of $0.60 per share. The ex-dividend date is Wednesday, August 2nd. This represents a $2.40 annualized dividend and a yield of 3.06%. Eaton Corporation, PLC’s payout ratio is 55.81%.
In other Eaton Corporation, PLC news, insider Uday Yadav sold 3,034 shares of the business’s stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $76.08, for a total transaction of $230,826.72. Following the sale, the insider now directly owns 22,601 shares of the company’s stock, valued at approximately $1,719,484.08. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Richard H. Fearon sold 25,000 shares of the business’s stock in a transaction on Friday, May 5th. The shares were sold at an average price of $76.24, for a total transaction of $1,906,000.00. Following the sale, the insider now directly owns 236,497 shares in the company, valued at $18,030,531.28. The disclosure for this sale can be found here. 0.80% of the stock is owned by insiders.
Several equities research analysts recently commented on ETN shares. Barclays PLC set a $81.00 target price on Eaton Corporation, PLC and gave the stock a “hold” rating in a report on Tuesday, May 2nd. Wolfe Research initiated coverage on Eaton Corporation, PLC in a report on Tuesday, July 11th. They set a “market perform” rating on the stock. Longbow Research raised Eaton Corporation, PLC from a “neutral” rating to a “buy” rating and set a $88.00 price target on the stock in a report on Tuesday, April 4th. Zacks Investment Research raised Eaton Corporation, PLC from a “hold” rating to a “buy” rating and set a $87.00 price target on the stock in a report on Wednesday, July 5th. Finally, JMP Securities initiated coverage on Eaton Corporation, PLC in a report on Monday, June 19th. They issued a “market perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the company’s stock. Eaton Corporation, PLC has an average rating of “Hold” and a consensus price target of $78.54.
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About Eaton Corporation, PLC
Eaton Corporation (Eaton) is a diversified power management company. It is engaged in the manufacturing of electrical components and systems for power quality, distribution and control; hydraulics components, systems and services for industrial and mobile equipment; aerospace fuel, hydraulics and pneumatic systems for commercial and military use, and truck and automotive drivetrain and powertrain systems for performance, fuel economy and safety.
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