Equities analysts predict that Eaton Co. PLC (NYSE:ETN) will post earnings per share of $1.43 for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Eaton’s earnings, with the highest EPS estimate coming in at $1.44 and the lowest estimate coming in at $1.42. Eaton reported earnings of $1.29 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 10.9%. The firm is scheduled to issue its next earnings results before the market opens on Thursday, January 31st.

On average, analysts expect that Eaton will report full year earnings of $5.35 per share for the current financial year, with EPS estimates ranging from $5.34 to $5.37. For the next fiscal year, analysts forecast that the company will post earnings of $5.86 per share, with EPS estimates ranging from $5.65 to $6.02. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that follow Eaton.

Eaton (NYSE:ETN) last announced its quarterly earnings data on Tuesday, October 30th. The industrial products company reported $1.43 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.43. Eaton had a return on equity of 13.48% and a net margin of 10.06%. The company had revenue of $5.41 billion during the quarter, compared to analysts’ expectations of $5.49 billion. During the same quarter last year, the company earned $1.25 EPS. Eaton’s revenue for the quarter was up 3.9% compared to the same quarter last year.

ETN has been the subject of several recent analyst reports. Stephens assumed coverage on shares of Eaton in a report on Monday, November 19th. They issued an “overweight” rating and a $96.00 target price for the company. Zacks Investment Research lowered shares of Eaton from a “hold” rating to a “sell” rating in a research note on Thursday, January 3rd. Wells Fargo & Co restated a “buy” rating on shares of Eaton in a research report on Wednesday, September 26th. Citigroup dropped their price objective on Eaton from $92.00 to $88.00 and set a “buy” rating on the stock in a report on Friday, November 2nd. Finally, Gordon Haskett began coverage on Eaton in a research report on Friday, October 12th. They set a “sell” rating on the stock. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the company. Eaton presently has a consensus rating of “Buy” and an average target price of $85.94.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cullen Frost Bankers Inc. grew its position in shares of Eaton by 3.8% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 235,152 shares of the industrial products company’s stock worth $20,394,000 after acquiring an additional 8,651 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Eaton by 10.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 6,233,875 shares of the industrial products company’s stock valued at $465,919,000 after buying an additional 611,053 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Eaton by 36.2% in the 2nd quarter. Advisors Asset Management Inc. now owns 21,888 shares of the industrial products company’s stock valued at $1,636,000 after purchasing an additional 5,814 shares during the period. Cornerstone Wealth Management LLC raised its stake in shares of Eaton by 14.9% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 268,929 shares of the industrial products company’s stock valued at $3,462,000 after purchasing an additional 34,925 shares during the period. Finally, Trexquant Investment LP grew its holdings in shares of Eaton by 53.7% in the 3rd quarter. Trexquant Investment LP now owns 23,869 shares of the industrial products company’s stock valued at $2,070,000 after acquiring an additional 8,336 shares in the last quarter. 77.29% of the stock is currently owned by institutional investors and hedge funds.

NYSE:ETN traded up $0.29 on Monday, hitting $70.44. The stock had a trading volume of 1,031,330 shares, compared to its average volume of 2,350,018. The firm has a market cap of $30.53 billion, a price-to-earnings ratio of 15.15, a price-to-earnings-growth ratio of 1.17 and a beta of 1.44. Eaton has a 1 year low of $64.46 and a 1 year high of $89.85. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.96 and a current ratio of 1.49.

About Eaton

Eaton Corporation plc operates as a power management company worldwide. Its Electrical Products segment offers electrical and industrial components, residential products, single phase power quality products, emergency lighting and fire detection products, wiring devices, structural support systems, and circuit protection and lighting products.

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Earnings History and Estimates for Eaton (NYSE:ETN)

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