Emerson Electric (NYSE:EMR) Releases Quarterly Earnings Results, Beats Estimates By $0.11 EPS

Emerson Electric (NYSE:EMR) posted its quarterly earnings results on Wednesday. The industrial products company reported $1.36 EPS for the quarter, beating the consensus estimate of $1.25 by $0.11, Briefing.com reports. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. The business had revenue of $4.38 billion for the quarter, compared to analysts’ expectations of $4.29 billion. During the same period in the previous year, the company posted $1.09 EPS. Emerson Electric’s revenue was up 16.5% on a year-over-year basis.

Emerson Electric Trading Up 0.4 %

EMR stock traded up $0.48 during midday trading on Friday, reaching $116.07. The company’s stock had a trading volume of 326,695 shares, compared to its average volume of 2,817,040. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 1.12. The stock has a fifty day simple moving average of $110.75 and a two-hundred day simple moving average of $100.04. Emerson Electric has a 1 year low of $76.94 and a 1 year high of $116.76. The firm has a market capitalization of $66.25 billion, a price-to-earnings ratio of 6.02, a PEG ratio of 1.84 and a beta of 1.36.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 17th will be given a $0.525 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.10 dividend on an annualized basis and a yield of 1.81%. Emerson Electric’s dividend payout ratio is presently 10.94%.

Analysts Set New Price Targets

A number of research analysts have recently commented on EMR shares. Barclays upped their price objective on shares of Emerson Electric from $95.00 to $105.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 2nd. KeyCorp increased their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Robert W. Baird decreased their target price on shares of Emerson Electric from $120.00 to $116.00 and set a “neutral” rating for the company in a research report on Thursday. UBS Group lifted their price objective on shares of Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $123.00 to $138.00 in a research note on Thursday. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and a consensus target price of $119.41.

About Emerson Electric

Emerson Electric Co, a technology and software company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.