Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Eaton Corporation, PLC (NYSE:ETN) Share Price
Media headlines about Eaton Corporation, PLC (NYSE:ETN) have been trending somewhat positive on Tuesday, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Eaton Corporation, PLC earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news articles about the industrial products company an impact score of 46.137266437704 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- Active Runner in Focus – Eaton Corporation PLC (ETN) – Evergreen Caller (evergreencaller.com)
- How to invest in the rally (finance.yahoo.com)
- Putting Eaton Corporation PLC (ETN) Under the Microscope: Technicals Watch – Evergreen Caller (evergreencaller.com)
- See what the IHS Markit Score report has to say about Eaton Corporation PLC. (finance.yahoo.com)
- IHS Markit Score Update: Rise in demand for ETFs holding Eaton Corporation PLC is a positive for its shares (finance.yahoo.com)
Several equities analysts have issued reports on the company. Royal Bank Of Canada reiterated a “hold” rating and issued a $78.00 price objective on shares of Eaton Corporation, PLC in a research report on Wednesday, July 12th. Wolfe Research assumed coverage on Eaton Corporation, PLC in a research report on Tuesday, July 11th. They issued a “market perform” rating for the company. Stifel Nicolaus reiterated a “hold” rating and issued a $80.00 price objective on shares of Eaton Corporation, PLC in a research report on Friday, July 7th. BidaskClub downgraded Eaton Corporation, PLC from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Finally, Zacks Investment Research downgraded Eaton Corporation, PLC from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $78.54.
Shares of Eaton Corporation, PLC (ETN) opened at 72.48 on Tuesday. Eaton Corporation, PLC has a 52 week low of $59.07 and a 52 week high of $81.63. The firm has a market capitalization of $32.24 billion, a PE ratio of 16.62 and a beta of 1.35. The company’s 50 day moving average price is $77.31 and its 200-day moving average price is $75.10.
Eaton Corporation, PLC (NYSE:ETN) last announced its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $1.15 EPS for the quarter, missing the Zacks’ consensus estimate of $1.16 by $0.01. Eaton Corporation, PLC had a net margin of 9.95% and a return on equity of 12.93%. The firm had revenue of $5.13 billion during the quarter, compared to the consensus estimate of $5.14 billion. During the same quarter in the previous year, the company posted $1.07 earnings per share. The firm’s revenue was up 1.0% on a year-over-year basis. On average, equities research analysts expect that Eaton Corporation, PLC will post $4.61 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, August 18th. Stockholders of record on Friday, August 4th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date of this dividend is Wednesday, August 2nd. Eaton Corporation, PLC’s payout ratio is 54.79%.
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Eaton Corporation, PLC Company Profile
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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