Emerson Electric (NYSE:EMR – Get Free Report) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 5.450-5.500 for the period, compared to the consensus earnings per share estimate of 5.470. The company issued revenue guidance of $17.4 billion-$17.4 billion, compared to the consensus revenue estimate of $17.6 billion. Emerson Electric also updated its FY24 guidance to $5.45-5.50 EPS.
Emerson Electric Stock Performance
Emerson Electric stock traded down $7.66 on Wednesday, reaching $100.12. 4,487,214 shares of the stock were exchanged, compared to its average volume of 2,644,174. The stock has a market cap of $57.28 billion, a PE ratio of 5.40, a PEG ratio of 1.93 and a beta of 1.32. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 0.28. Emerson Electric has a twelve month low of $83.10 and a twelve month high of $119.53. The firm has a fifty day moving average price of $111.10 and a two-hundred day moving average price of $109.18.
Emerson Electric (NYSE:EMR – Get Free Report) last released its earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.11. The firm had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.29 billion. Emerson Electric had a net margin of 64.97% and a return on equity of 11.14%. The business’s revenue was up 16.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.09 EPS. Sell-side analysts anticipate that Emerson Electric will post 5.47 EPS for the current year.
Analyst Upgrades and Downgrades
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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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