Emerson Electric (NYSE:EMR – Get Free Report) issued its earnings results on Wednesday. The industrial products company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.01, Briefing.com reports. Emerson Electric had a return on equity of 11.14% and a net margin of 64.97%. The business had revenue of $4.38 billion for the quarter, compared to analysts’ expectations of $4.44 billion. During the same period in the previous year, the firm posted $1.29 EPS. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. Emerson Electric updated its FY24 guidance to $5.45-5.50 EPS and its FY 2024 guidance to 5.450-5.500 EPS.
Emerson Electric Stock Down 0.9 %
Shares of Emerson Electric stock traded down $0.92 during trading on Friday, hitting $103.69. 3,644,583 shares of the stock were exchanged, compared to its average volume of 2,688,658. The stock has a market cap of $59.32 billion, a price-to-earnings ratio of 5.55, a price-to-earnings-growth ratio of 1.93 and a beta of 1.32. The firm’s 50-day moving average price is $110.58 and its 200 day moving average price is $109.22. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.18 and a quick ratio of 0.87. Emerson Electric has a 12-month low of $83.10 and a 12-month high of $119.53.
Emerson Electric Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th will be given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date is Friday, August 16th. Emerson Electric’s dividend payout ratio is presently 11.24%.
Analysts Set New Price Targets
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Emerson Electric Company Profile
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.
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