Franklin Electric (NASDAQ:FELE) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $2.16-2.28 for the period, compared to the Thomson Reuters consensus estimate of $2.12.
A number of research firms have commented on FELE. BidaskClub upgraded shares of Franklin Electric from a sell rating to a hold rating in a report on Wednesday, January 3rd. Gabelli reiterated a hold rating on shares of Franklin Electric in a report on Wednesday, February 21st. Zacks Investment Research downgraded shares of Franklin Electric from a buy rating to a hold rating in a report on Wednesday, January 17th. Boenning Scattergood restated a buy rating and set a $54.00 price target on shares of Franklin Electric in a report on Tuesday, February 20th. Finally, Seaport Global Securities restated a hold rating and set a $41.00 price target on shares of Franklin Electric in a report on Friday, February 23rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $46.75.
Shares of Franklin Electric (NASDAQ FELE) traded down $0.85 during midday trading on Wednesday, hitting $42.10. 114,293 shares of the stock were exchanged, compared to its average volume of 125,798. The firm has a market cap of $2,000.43, a P/E ratio of 25.54 and a beta of 1.60. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.40 and a quick ratio of 1.13. Franklin Electric has a fifty-two week low of $36.00 and a fifty-two week high of $47.20.
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st were given a $0.108 dividend. The ex-dividend date was Wednesday, January 31st. This represents a $0.43 annualized dividend and a yield of 1.03%. Franklin Electric’s dividend payout ratio is presently 25.90%.
About Franklin Electric
Franklin Electric Co, Inc designs, manufactures and distributes water and fuel pumping systems, consisting of submersible motors, pumps, electronic controls and related parts and equipment. Its segments include Water Systems segment, the Fueling Systems segment and Other. Its Water Systems segment is engaged in the production and marketing of water pumping systems and offers motors, pumps, drives, electronic controls and monitoring devices.
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