Franklin Electric (NASDAQ:FELE) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share guidance of $2.16-2.28 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.12.
A number of analysts have commented on the company. BidaskClub raised Franklin Electric from a sell rating to a hold rating in a report on Wednesday, January 3rd. Zacks Investment Research lowered Franklin Electric from a buy rating to a hold rating in a report on Wednesday, January 17th. Boenning Scattergood reissued a buy rating on shares of Franklin Electric in a report on Tuesday, October 24th. Robert W. Baird boosted their price objective on Franklin Electric from $45.00 to $47.00 and gave the stock a neutral rating in a report on Wednesday, October 25th. Finally, Seaport Global Securities reissued a neutral rating on shares of Franklin Electric in a report on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $50.00.
Shares of Franklin Electric (NASDAQ FELE) traded up $0.35 on Tuesday, reaching $44.45. The company’s stock had a trading volume of 129,000 shares, compared to its average volume of 115,506. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.35 and a quick ratio of 1.13. The company has a market cap of $2,071.22, a price-to-earnings ratio of 23.90 and a beta of 1.53. Franklin Electric has a 1 year low of $36.00 and a 1 year high of $47.20.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st were issued a dividend of $0.108 per share. This represents a $0.43 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend was Wednesday, January 31st. Franklin Electric’s dividend payout ratio is currently 23.12%.
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Franklin Electric Company Profile
Franklin Electric Co, Inc designs, manufactures and distributes water and fuel pumping systems, consisting of submersible motors, pumps, electronic controls and related parts and equipment. Its segments include Water Systems segment, the Fueling Systems segment and Other. Its Water Systems segment is engaged in the production and marketing of water pumping systems and offers motors, pumps, drives, electronic controls and monitoring devices.
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