Emerson Electric (NYSE:EMR – Get Free Report) posted its quarterly earnings results on Wednesday. The industrial products company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.44 billion. During the same quarter in the previous year, the firm earned $1.29 EPS. Emerson Electric’s revenue was up 11.0% on a year-over-year basis. 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 Trading Down 0.9 %
Shares of Emerson Electric stock traded down $0.92 on Friday, hitting $103.69. 3,644,583 shares of the company’s stock traded hands, compared to its average volume of 2,688,658. Emerson Electric has a one year low of $83.10 and a one year high of $119.53. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.18 and a quick ratio of 0.87. The company has a fifty day moving average of $110.58 and a two-hundred day moving average of $109.13. The company has a market capitalization 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.
Emerson Electric Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 16th will be given a dividend of $0.525 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.10 annualized dividend and a dividend yield of 2.03%. Emerson Electric’s payout ratio is 11.24%.
Wall Street Analyst Weigh In
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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