nVent Electric (NVT) to Release Quarterly Earnings on Tuesday

nVent Electric (NYSE:NVT) will release its earnings data before the market opens on Tuesday, August 6th. Analysts expect nVent Electric to post earnings of $0.82 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

nVent Electric (NYSE:NVT) last posted its quarterly earnings data on Friday, May 3rd. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.04. The business had revenue of $874.60 million during the quarter, compared to the consensus estimate of $864.14 million. nVent Electric had a net margin of 17.02% and a return on equity of 17.47%. The company’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.67 earnings per share. On average, analysts expect nVent Electric to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

nVent Electric Price Performance

nVent Electric stock traded down $0.78 during trading hours on Tuesday, hitting $69.60. 401,873 shares of the company traded hands, compared to its average volume of 1,410,494. nVent Electric has a 1-year low of $45.60 and a 1-year high of $86.57. The firm has a market cap of $11.55 billion, a P/E ratio of 20.52, a P/E/G ratio of 1.54 and a beta of 1.31. The firm’s 50-day simple moving average is $78.11 and its two-hundred day simple moving average is $72.57. The company has a quick ratio of 1.35, a current ratio of 1.99 and a debt-to-equity ratio of 0.54.

nVent Electric Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Shareholders of record on Friday, July 19th will be given a $0.19 dividend. The ex-dividend date is Friday, July 19th. This represents a $0.76 dividend on an annualized basis and a yield of 1.09%. nVent Electric’s dividend payout ratio (DPR) is 22.16%.

Analyst Ratings Changes

NVT has been the topic of a number of research reports. Royal Bank of Canada dropped their price objective on nVent Electric from $89.00 to $88.00 and set an “outperform” rating on the stock in a research note on Monday, May 6th. Citigroup boosted their price target on shares of nVent Electric from $91.00 to $92.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Barclays raised their price objective on shares of nVent Electric from $85.00 to $95.00 and gave the company an “overweight” rating in a research report on Tuesday, June 4th. Finally, The Goldman Sachs Group boosted their target price on shares of nVent Electric from $77.00 to $87.00 and gave the stock a “buy” rating in a report on Monday, May 6th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $89.00.

About nVent Electric

nVent Electric plc, together with its subsidiaries, designs, manufactures, markets, installs, and services electrical connection and protection solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company operates through three segments: Enclosures, Electrical & Fastening Solutions, and Thermal Management.