Equities analysts expect Franklin Electric Co. (NASDAQ:FELE) to announce $0.52 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Franklin Electric’s earnings, with estimates ranging from $0.51 to $0.52. Franklin Electric also reported earnings of $0.52 per share in the same quarter last year. The firm is expected to announce its next quarterly earnings results on Tuesday, February 18th.
On average, analysts expect that Franklin Electric will report full year earnings of $2.16 per share for the current fiscal year, with EPS estimates ranging from $2.15 to $2.17. For the next year, analysts forecast that the company will post earnings of $2.39 per share, with EPS estimates ranging from $2.38 to $2.40. Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow Franklin Electric.
Franklin Electric (NASDAQ:FELE) last posted its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $0.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.02. The firm had revenue of $348.41 million for the quarter, compared to analyst estimates of $353.82 million. Franklin Electric had a net margin of 7.62% and a return on equity of 13.46%. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.64 earnings per share.
FELE has been the subject of a number of research analyst reports. Zacks Investment Research lowered Franklin Electric from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th. Seaport Global Securities reaffirmed a “neutral” rating on shares of Franklin Electric in a research report on Tuesday, October 15th. Finally, BidaskClub upgraded shares of Franklin Electric from a “hold” rating to a “buy” rating in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. Franklin Electric presently has an average rating of “Hold” and a consensus target price of $54.00.
FELE traded down $0.39 during midday trading on Thursday, reaching $54.34. The company’s stock had a trading volume of 584 shares, compared to its average volume of 84,814. The company has a current ratio of 2.40, a quick ratio of 1.10 and a debt-to-equity ratio of 0.14. The company has a fifty day simple moving average of $52.67 and a 200 day simple moving average of $47.69. The stock has a market cap of $2.57 billion, a P/E ratio of 24.08 and a beta of 1.30. Franklin Electric has a twelve month low of $39.92 and a twelve month high of $55.77.
The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a $0.145 dividend. This represents a $0.58 annualized dividend and a dividend yield of 1.07%. The ex-dividend date was Thursday, October 31st. Franklin Electric’s payout ratio is presently 25.66%.
In other Franklin Electric news, CEO Gregg C. Sengstack sold 8,008 shares of Franklin Electric stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $54.37, for a total transaction of $435,394.96. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Steven William Aikman sold 3,000 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $50.00, for a total transaction of $150,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,699 shares of company stock worth $1,090,336. 2.88% of the stock is owned by company insiders.
Large investors have recently added to or reduced their stakes in the company. Impax Asset Management Group plc raised its position in Franklin Electric by 10.1% during the second quarter. Impax Asset Management Group plc now owns 2,872,860 shares of the industrial products company’s stock valued at $136,461,000 after purchasing an additional 263,676 shares in the last quarter. Nuveen Asset Management LLC purchased a new stake in shares of Franklin Electric during the second quarter valued at $9,727,000. Wells Fargo & Company MN boosted its position in shares of Franklin Electric by 8.5% in the 2nd quarter. Wells Fargo & Company MN now owns 2,017,655 shares of the industrial products company’s stock valued at $95,840,000 after purchasing an additional 158,355 shares during the period. AQR Capital Management LLC boosted its position in shares of Franklin Electric by 3,156.7% in the 2nd quarter. AQR Capital Management LLC now owns 137,726 shares of the industrial products company’s stock valued at $6,542,000 after purchasing an additional 133,497 shares during the period. Finally, Morgan Stanley increased its stake in Franklin Electric by 60.2% in the 2nd quarter. Morgan Stanley now owns 322,596 shares of the industrial products company’s stock worth $15,325,000 after purchasing an additional 121,166 shares in the last quarter. 76.84% of the stock is owned by institutional investors.
Franklin Electric Company Profile
Franklin Electric Co, Inc, together with its subsidiaries, designs, manufactures, and distributes water and fuel pumping systems worldwide. It operates in three segments: Water Systems, Fueling Systems, and Distribution. The Water Systems segment offers submersible motors, pumps, drives, electronic controls, monitoring devices, and related parts and equipment.
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