Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerson Electric Company and related companies with MarketBeat.com's FREE daily email newsletter.
Emerson Electric Company (NYSE:EMR) to Issue Quarterly Dividend of $0.48 on September 11th
Receive News & Ratings for Emerson Electric Company Daily
Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerson Electric Company and related companies with MarketBeat.com's FREE daily email newsletter.
Emerson Electric has increased its dividend by an average of 4.7% annually over the last three years and has increased its dividend annually for the last 60 consecutive years. Emerson Electric has a payout ratio of 74.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Emerson Electric to earn $2.91 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 66.0%.
Emerson Electric (EMR) opened at 60.68 on Friday. Emerson Electric has a 12 month low of $49.22 and a 12 month high of $64.36. The firm has a market cap of $39.07 billion, a price-to-earnings ratio of 27.08 and a beta of 1.20. The company’s 50-day moving average is $59.79 and its 200 day moving average is $59.74.
Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $0.68 EPS for the quarter, hitting the consensus estimate of $0.68. The business had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $3.99 billion. Emerson Electric had a net margin of 8.89% and a return on equity of 22.32%. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period last year, the company posted $0.68 earnings per share. On average, equities research analysts predict that Emerson Electric will post $2.61 earnings per share for the current year.
COPYRIGHT VIOLATION NOTICE: “[[title]]” was originally posted by [[site]] and is the sole property of of [[site]]. If you are reading this piece of content on another publication, it was stolen and republished in violation of U.S. and international copyright law. The original version of this piece of content can be viewed at [[permalink]].
Several analysts recently commented on the stock. BidaskClub cut shares of Emerson Electric from a “hold” rating to a “sell” rating in a report on Friday, June 9th. Stifel Nicolaus restated a “buy” rating and set a $68.00 price target on shares of Emerson Electric in a report on Wednesday, July 19th. Cowen and Company restated a “hold” rating and set a $62.00 price target on shares of Emerson Electric in a report on Tuesday, May 2nd. Royal Bank Of Canada restated a “hold” rating and set a $58.00 price target on shares of Emerson Electric in a report on Tuesday, April 11th. Finally, Morgan Stanley restated an “overweight” rating on shares of Emerson Electric in a report on Tuesday, July 11th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have given a buy rating to the stock. Emerson Electric currently has an average rating of “Hold” and an average target price of $57.48.
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.