Equities research analysts expect Franklin Electric Co. (NASDAQ:FELE) to post $0.74 earnings per share for the current quarter, Zacks reports. Four analysts have made estimates for Franklin Electric’s earnings, with estimates ranging from $0.70 to $0.80. Franklin Electric posted earnings per share of $0.65 in the same quarter last year, which would indicate a positive year over year growth rate of 13.8%. The business is scheduled to issue its next quarterly earnings report before the market opens on Tuesday, July 23rd.
On average, analysts expect that Franklin Electric will report full year earnings of $2.31 per share for the current year, with EPS estimates ranging from $2.25 to $2.37. For the next financial year, analysts forecast that the company will post 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 analysts that that provide coverage for Franklin Electric.
Franklin Electric (NASDAQ:FELE) last posted its earnings results on Tuesday, April 23rd. The industrial products company reported $0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.19). The business had revenue of $290.70 million during the quarter, compared to the consensus estimate of $304.61 million. Franklin Electric had a net margin of 7.25% and a return on equity of 13.11%. The business’s revenue was down 1.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.45 EPS.
A number of equities analysts have commented on the stock. Zacks Investment Research upgraded shares of FirstService from a “strong sell” rating to a “hold” rating and set a $110.00 price target on the stock in a research report on Tuesday, June 25th. Boenning Scattergood set a $54.00 price target on shares of Middlefield Banc and gave the company a “buy” rating in a research report on Tuesday, April 23rd. Finally, ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Monday, May 13th.
In other Franklin Electric news, VP Donald P. Kenney sold 1,313 shares of the business’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $46.21, for a total value of $60,673.73. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.88% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. raised its stake in Franklin Electric by 86.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 18,874 shares of the industrial products company’s stock valued at $810,000 after acquiring an additional 8,741 shares during the last quarter. BlackRock Inc. increased its position in Franklin Electric by 0.7% during the 4th quarter. BlackRock Inc. now owns 6,075,013 shares of the industrial products company’s stock worth $260,496,000 after purchasing an additional 43,292 shares during the period. Texas Permanent School Fund increased its position in Franklin Electric by 4.1% during the 4th quarter. Texas Permanent School Fund now owns 25,390 shares of the industrial products company’s stock worth $1,089,000 after purchasing an additional 993 shares during the period. Advisor Group Inc. increased its position in Franklin Electric by 10.7% during the 4th quarter. Advisor Group Inc. now owns 6,034 shares of the industrial products company’s stock worth $259,000 after purchasing an additional 585 shares during the period. Finally, Citigroup Inc. increased its position in Franklin Electric by 147.2% during the 4th quarter. Citigroup Inc. now owns 22,374 shares of the industrial products company’s stock worth $960,000 after purchasing an additional 13,324 shares during the period. Hedge funds and other institutional investors own 77.30% of the company’s stock.
NASDAQ FELE traded up $0.57 on Friday, reaching $46.07. The company’s stock had a trading volume of 2,868 shares, compared to its average volume of 161,322. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 20.27, a PEG ratio of 3.95 and a beta of 1.33. The company’s 50-day moving average price is $45.73. Franklin Electric has a 52 week low of $38.87 and a 52 week high of $55.59. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.95 and a current ratio of 2.13.
Franklin Electric Company Profile
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.
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