Published: Fri, April 21, 2017
Business | By Max Garcia

$3.49 Billion in Sales Expected for Emerson Electric Co. (EMR) This Quarter

$3.49 Billion in Sales Expected for Emerson Electric Co. (EMR) This Quarter

(NYSE:EMR) will report $3.49 billion in sales for the current quarter, according to Zacks.

Emerson Electric is without a doubt a stock dividend investors should be considering for their portfolios.

The company now pays out 77% of its earnings as a dividend, which means that the dividend is covered by earnings.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Tuesday, February 7th. The industrial products company reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.42 by $0.07. Emerson Electric had a net margin of 8.50% and a return on equity of 24.26%. The company had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.17 billion. During the same quarter in the previous year, the business posted $0.56 EPS. EPS breaks down the profitability of the company on a single share basis.

A number of key analysts, polled by FactSet, shared their views about the current stock momentum. Zacks Investment Research raised shares of Emerson Electric from a "hold" rating to a "buy" rating and set a $71.00 target price for the company in a research report on Tuesday, February 14th. RBC Capital Markets reaffirmed a "hold" rating and issued a $55.00 price target on shares of Emerson Electric Company in a report on Wednesday, February 8th. Finally, Bank of America Corp raised shares of Emerson Electric from an "underperform" rating to a "neutral" rating and upped their price objective for the company from $45.00 to $60.00 in a report on Monday, January 9th. If the average volume is low then the liquidity is low which means it is hard to buy or sell the stock as there are fewer buyers or sellers of the stock. Emerson Electric now has a consensus rating of "Hold" and an average price target of $55.57. Barclays PLC boosted their target price on shares of Emerson Electric from $56.00 to $63.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 8th. The stock was sold at an average price of $63.31, for a total transaction of $496,287.09. The fund bought 5,200 shares of the company's stock, valued at approximately $290,000. (EMR) is 0.56 while the analysts predicted the EPS of the stock to be 0.42 suggesting the company fell short of the analysts' expectations. Hanson & Doremus Investment Management boosted its position in Emerson Electric Company by 4.1% in the second quarter. Capital World Investors now owns 12,900,000 shares of the industrial products company's stock worth $703,179,000 after buying an additional 3,400,000 shares during the period. Rockland Trust Co. raised its position in Emerson Electric by 3.8% in the first quarter. Performance week shows a value of -1.62%, and the Performance for the Month is valued at -3.04%. Finally, Ledyard National Bank raised its position in Emerson Electric by 4.2% in the first quarter. 1ST Source Bank now owns 9,385 shares of the company's stock worth $490,000 after buying an additional 485 shares during the last quarter. North Star Asset Management Inc. boosted its position in Emerson Electric Company by 0.7% in the second quarter. Armstrong Henry H Associates Inc. now owns 9,580 shares of the industrial products company's stock valued at $522,000 after buying an additional 30 shares during the last quarter. Bollard Group LLC raised its position in Emerson Electric by 15.6% in the first quarter. Breton Hill Capital Ltd. now owns 19,349 shares of the industrial products company's stock valued at $1,055,000 after buying an additional 2,924 shares during the last quarter.

EMR was trading -8.56% below its 52-week high and 23.72% above its 52-week low. The latest exchange of 2.9 Million shares is above its average trading activity of 2.73 Million shares. Over the same time span, the stock marked US$64.36 as its best level and the lowest price reached was US$48.45.

Currently, the stock carries a price to earnings ratio of 22.14, a price to book ratio of 1.09, and a price to sales ratio of 3.58. Emerson Electric Co designs and manufactures products, and delivers services to industrial, commercial, and consumer markets worldwide and has a market cap of $37.67 Billion. The original version of this story can be accessed at https://www.thecerbatgem.com/2017/04/19/denver-investment-advisors-llc-has-10608000-position-in-emerson-electric-co-emr-updated-updated.html. (NYSE:EMR) traded 0.13% higher on the day.

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