Analysts Anticipate Franklin Electric Co. (NASDAQ:FELE) Will Post Earnings of $0.74 Per Share
Equities analysts expect Franklin Electric Co. (NASDAQ:FELE) to report $0.74 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Franklin Electric’s earnings. The highest EPS estimate is $0.80 and the lowest is $0.70. Franklin Electric reported earnings per share of $0.65 during the same quarter last year, which indicates a positive year-over-year growth rate of 13.8%. The business is scheduled to report its next quarterly earnings report before the market opens on Tuesday, July 23rd.
According to Zacks, analysts expect that Franklin Electric will report full-year earnings of $2.31 per share for the current financial year, with EPS estimates ranging from $2.25 to $2.37. For the next fiscal year, analysts forecast that the business will report earnings of $2.56 per share, with EPS estimates ranging from $2.50 to $2.60. Zacks’ EPS calculations are a mean average based on a survey of research analysts that cover Franklin Electric.
Franklin Electric (NASDAQ:FELE) last issued its earnings results on Tuesday, April 23rd. The industrial products company reported $0.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.19). Franklin Electric had a return on equity of 13.11% and a net margin of 7.25%. The business had revenue of $290.70 million for the quarter, compared to the consensus estimate of $304.61 million. During the same quarter in the previous year, the company earned $0.45 earnings per share. The firm’s revenue was down 1.7% on a year-over-year basis.
Franklin Electric stock traded up $0.11 during midday trading on Friday, hitting $45.61. 175,436 shares of the company’s stock were exchanged, compared to its average volume of 163,837. The company has a current ratio of 2.13, a quick ratio of 0.95 and a debt-to-equity ratio of 0.13. Franklin Electric has a 12 month low of $38.87 and a 12 month high of $55.59. The business’s 50-day moving average price is $45.77. The firm has a market cap of $2.11 billion, a P/E ratio of 20.18, a PEG ratio of 3.95 and a beta of 1.33.
In related news, VP Donald P. Kenney sold 1,313 shares of the stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $46.21, for a total value of $60,673.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.88% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Dynamic Technology Lab Private Ltd purchased a new position in shares of Franklin Electric in the 1st quarter valued at approximately $536,000. GYL Financial Synergies LLC purchased a new position in shares of Franklin Electric in the 1st quarter valued at approximately $929,000. Piedmont Investment Advisors Inc. raised its position in shares of Franklin Electric by 6.2% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 9,949 shares of the industrial products company’s stock valued at $508,000 after purchasing an additional 583 shares during the last quarter. Bank of America Corp DE raised its position in shares of Franklin Electric by 9.4% in the 4th quarter. Bank of America Corp DE now owns 318,840 shares of the industrial products company’s stock valued at $13,672,000 after purchasing an additional 27,314 shares during the last quarter. Finally, Great West Life Assurance Co. Can raised its position in shares of Franklin Electric by 4.8% in the 4th quarter. Great West Life Assurance Co. Can now owns 52,157 shares of the industrial products company’s stock valued at $2,064,000 after purchasing an additional 2,391 shares during the last quarter. 77.30% of the stock is owned by hedge funds and other institutional investors.
About Franklin Electric
Franklin Electric Co, Inc, together with its subsidiaries, designs, manufactures, and distributes water and fuel pumping systems worldwide. It operates in three segments: Water Systems, Fueling Systems, and Distribution. The Water Systems segment offers submersible motors, pumps, drives, electronic controls, monitoring devices, and related parts and equipment.
Featured Article: What is total return in investing?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Franklin Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franklin Electric and related companies with MarketBeat.com's FREE daily email newsletter.