Franklin Electric (NASDAQ:FELE) Releases FY 2026 Earnings Guidance

Franklin Electric (NASDAQ:FELE) updated its FY 2026 earnings guidance on Friday morning. The company provided earnings per share guidance of 4.620-4.820 for the period, compared to the consensus estimate of 4.660. The company issued revenue guidance of $2.2 billion-$2.3 billion, compared to the consensus revenue estimate of $2.3 billion.

Franklin Electric Stock Down 1.4%

Shares of Franklin Electric stock opened at $95.38 on Friday. The company has a fifty day moving average price of $98.42 and a 200 day moving average price of $100.18. The company has a current ratio of 2.33, a quick ratio of 1.10 and a debt-to-equity ratio of 0.30. The stock has a market cap of $4.21 billion, a price-to-earnings ratio of 21.43, a price-to-earnings-growth ratio of 1.68 and a beta of 1.03. Franklin Electric has a twelve month low of $89.54 and a twelve month high of $115.82.

Franklin Electric (NASDAQ:FELE) last posted its quarterly earnings results on Wednesday, October 28th. The industrial products company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.10. The business had revenue of $633.62 million for the quarter, compared to analyst estimates of $617.19 million. Franklin Electric had a return on equity of 15.45% and a net margin of 8.83%. The business’s revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.30 EPS. Equities research analysts forecast that Franklin Electric will post 4.74 earnings per share for the current fiscal year.

Franklin Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Thursday, November 5th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, November 5th. Franklin Electric’s payout ratio is presently 25.17%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FELE. Weiss Ratings cut Franklin Electric from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday. Wall Street Zen upgraded Franklin Electric from a “hold” rating to a “buy” rating in a research note on Sunday, October 25th. DA Davidson reissued a “neutral” rating and set a $105.00 target price on shares of Franklin Electric in a report on Wednesday, September 9th. Finally, Robert W. Baird set a $130.00 target price on shares of Franklin Electric in a research note on Thursday. Three equities research analysts have rated the stock with a Hold rating. According to MarketBeat, Franklin Electric currently has a consensus rating of “Hold” and a consensus price target of $117.50.

Franklin Electric Company Profile

Franklin Electric Co, Inc (NASDAQ: FELE) designs, manufactures and distributes systems and components used to move, manage and control water and other fluids. The company serves residential, agricultural, commercial, industrial and municipal customers through products such as submersible pumps, motors, pumping systems, drives, controls, monitoring equipment and water-treatment solutions.

Its Water Systems business provides equipment for groundwater and surface-water applications, including well pumps, pressure systems, wastewater and dewatering products, and related controls and accessories.