Eaton Corporation, PLC (ETN) Earns Media Sentiment Score of 0.14
News coverage about Eaton Corporation, PLC (NYSE:ETN) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Eaton Corporation, PLC earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned press coverage about the industrial products company an impact score of 45.564527567649 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news stories that may have effected Accern Sentiment’s rankings:
- Eaton to Participate in the Morgan Stanley 5th Annual Laguna Conference September 13, 2017 (finance.yahoo.com)
- Contrasting Eaton Corporation, PLC (ETN) and P10 Industries (PIOI) (americanbankingnews.com)
- Can This Stock Price Climb The Ladder: Eaton Corporation plc (NYSE:ETN)? – FLBC News (flbcnews.com)
- Eaton Corporation PLC (ETN) and Daktronics Inc (DAKT) Seeing … – Wall Street Review (thewallstreetreview.com)
- Stock Performance Review on Machinery Industry — Dover, Eaton, Gardner Denver, and Ingersoll Rand – Markets Insider (markets.businessinsider.com)
Shares of Eaton Corporation, PLC (NYSE:ETN) traded up 0.75% during midday trading on Wednesday, hitting $71.05. 2,561,602 shares of the company were exchanged. The company has a 50-day moving average of $75.80 and a 200 day moving average of $75.10. Eaton Corporation, PLC has a one year low of $59.07 and a one year high of $81.63. The company has a market capitalization of $31.60 billion, a P/E ratio of 16.29 and a beta of 1.35.
Eaton Corporation, PLC (NYSE:ETN) last released its earnings results on Tuesday, August 1st. The industrial products company reported $1.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.16 by $0.01. The firm had revenue of $5.13 billion during the quarter, compared to the consensus estimate of $5.14 billion. Eaton Corporation, PLC had a return on equity of 12.93% and a net margin of 9.95%. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.07 EPS. On average, equities research analysts expect that Eaton Corporation, PLC will post $4.61 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, August 18th. Investors of record on Friday, August 4th were given a $0.60 dividend. The ex-dividend date was Wednesday, August 2nd. This represents a $2.40 dividend on an annualized basis and a yield of 3.38%. Eaton Corporation, PLC’s payout ratio is 54.79%.
A number of research firms have recently commented on ETN. Argus reaffirmed a “buy” rating and set a $85.00 price objective (up from $83.00) on shares of Eaton Corporation, PLC in a report on Tuesday, May 30th. Zacks Investment Research raised shares of Eaton Corporation, PLC from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a report on Friday, May 26th. BidaskClub downgraded shares of Eaton Corporation, PLC from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. Stifel Nicolaus reaffirmed a “hold” rating and set a $80.00 price objective on shares of Eaton Corporation, PLC in a report on Friday, July 7th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $75.00 price objective on shares of Eaton Corporation, PLC in a report on Tuesday, May 2nd. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company’s stock. Eaton Corporation, PLC presently has an average rating of “Hold” and an average target price of $79.67.
About Eaton Corporation, PLC
Eaton Corporation (Eaton) is a diversified power management company. It is engaged in the manufacturing of electrical components and systems for power quality, distribution and control; hydraulics components, systems and services for industrial and mobile equipment; aerospace fuel, hydraulics and pneumatic systems for commercial and military use, and truck and automotive drivetrain and powertrain systems for performance, fuel economy and safety.
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