Equities research analysts expect Eaton Co. PLC (NYSE:ETN) to report $1.43 earnings per share (EPS) for the current quarter, Zacks reports. Six analysts have made estimates for Eaton’s earnings. The lowest EPS estimate is $1.42 and the highest is $1.44. Eaton posted earnings per share of $1.29 during the same quarter last year, which would suggest a positive year over year growth rate of 10.9%. The company is expected to issue its next earnings results on Thursday, February 7th.

According to Zacks, analysts expect that Eaton will report full-year earnings of $5.35 per share for the current year, with EPS estimates ranging from $5.34 to $5.37. For the next year, analysts forecast that the company will report earnings of $5.88 per share, with EPS estimates ranging from $5.73 to $6.10. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Eaton.

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

A number of research analysts have recently weighed in on the company. UBS Group raised Eaton from a “neutral” rating to a “buy” rating and increased their price target for the company from $91.00 to $100.00 in a research note on Friday, September 21st. Wells Fargo & Co restated a “buy” rating on shares of Eaton in a research report on Wednesday, September 26th. Deutsche Bank upped their price objective on shares of Eaton from $95.00 to $102.00 and gave the company a “buy” rating in a research report on Friday, September 28th. Morgan Stanley started coverage on shares of Eaton in a research report on Monday, August 20th. They issued an “equal weight” rating and a $86.00 price objective for the company. Finally, JPMorgan Chase & Co. upgraded Eaton from a “neutral” rating to an “overweight” rating and set a $92.00 target price for the company in a report on Monday, August 13th. Two analysts have rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $86.67.

In related news, insider Ken D. Semelsberger sold 11,500 shares of the business’s stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $86.57, for a total value of $995,555.00. Following the transaction, the insider now owns 78,883 shares in the company, valued at $6,828,901.31. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.50% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in Eaton by 0.5% in the third quarter. Vanguard Group Inc. now owns 31,765,973 shares of the industrial products company’s stock valued at $2,755,064,000 after buying an additional 150,330 shares during the period. BlackRock Inc. raised its holdings in shares of Eaton by 1.9% during the second quarter. BlackRock Inc. now owns 29,464,156 shares of the industrial products company’s stock valued at $2,202,152,000 after purchasing an additional 539,852 shares during the period. Boston Partners raised its holdings in shares of Eaton by 5.3% during the second quarter. Boston Partners now owns 8,207,138 shares of the industrial products company’s stock valued at $613,401,000 after purchasing an additional 411,336 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Eaton by 9.4% during the third quarter. Bank of New York Mellon Corp now owns 6,820,730 shares of the industrial products company’s stock valued at $591,563,000 after purchasing an additional 586,855 shares during the period. Finally, LSV Asset Management raised its holdings in shares of Eaton by 310.2% during the third quarter. LSV Asset Management now owns 5,085,523 shares of the industrial products company’s stock valued at $441,067,000 after purchasing an additional 3,845,813 shares during the period. Institutional investors and hedge funds own 77.44% of the company’s stock.

NYSE:ETN opened at $74.99 on Thursday. Eaton has a 52-week low of $67.70 and a 52-week 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. The firm has a market cap of $32.50 billion, a price-to-earnings ratio of 16.13, a PEG ratio of 1.37 and a beta of 1.51.

The company also recently announced a quarterly dividend, which was paid on Friday, November 16th. Investors of record on Friday, November 2nd were issued a $0.66 dividend. The ex-dividend date was Thursday, November 1st. This represents a $2.64 annualized dividend and a yield of 3.52%. Eaton’s payout ratio is 56.77%.

Eaton Company Profile

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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