Equities research analysts expect nVent Electric plc (NYSE:NVT) to post $0.35 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for nVent Electric’s earnings. The highest EPS estimate is $0.35 and the lowest is $0.34. nVent Electric posted earnings per share of $0.34 in the same quarter last year, which indicates a positive year-over-year growth rate of 2.9%. The company is expected to report its next earnings report on Wednesday, May 5th.
On average, analysts expect that nVent Electric will report full year earnings of $1.65 per share for the current financial year, with EPS estimates ranging from $1.63 to $1.66. For the next financial year, analysts forecast that the firm will report earnings of $1.80 per share. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow nVent Electric.
nVent Electric (NYSE:NVT) last released its quarterly earnings results on Monday, February 8th. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. nVent Electric had a positive return on equity of 10.35% and a negative net margin of 2.39%. The company had revenue of $521.00 million during the quarter, compared to analysts’ expectations of $515.62 million. During the same period last year, the business posted $0.47 earnings per share. The firm’s revenue was down 8.1% compared to the same quarter last year.
A number of equities research analysts have commented on the company. KeyCorp increased their price target on nVent Electric from $28.00 to $31.00 and gave the company an “overweight” rating in a research note on Thursday, March 11th. Royal Bank of Canada increased their price objective on nVent Electric from $27.00 to $30.00 and gave the company an “outperform” rating in a report on Thursday, March 4th. Zacks Investment Research lowered nVent Electric from a “hold” rating to a “sell” rating in a report on Friday, February 5th. Barclays increased their price objective on nVent Electric from $38.00 to $39.00 and gave the company an “overweight” rating in a report on Tuesday, April 6th. Finally, Rosenblatt Securities cut their price objective on nVent Electric from $32.00 to $31.00 and set a “buy” rating on the stock in a report on Wednesday, February 10th. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $30.33.
nVent Electric stock traded up $0.01 during midday trading on Wednesday, reaching $28.50. The company’s stock had a trading volume of 10,807 shares, compared to its average volume of 1,577,037. The stock’s 50-day simple moving average is $27.83 and its 200-day simple moving average is $23.23. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.99 and a quick ratio of 1.41. nVent Electric has a 52-week low of $15.60 and a 52-week high of $29.94. The stock has a market capitalization of $4.79 billion, a P/E ratio of -98.24 and a beta of 1.53.
The business also recently announced a quarterly dividend, which will be paid on Friday, May 7th. Investors of record on Friday, April 23rd will be issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend is Thursday, April 22nd. nVent Electric’s dividend payout ratio (DPR) is 39.33%.
A number of institutional investors have recently bought and sold shares of NVT. Capital Asset Advisory Services LLC acquired a new stake in nVent Electric during the fourth quarter worth about $36,000. AdvisorNet Financial Inc grew its holdings in nVent Electric by 103.2% during the fourth quarter. AdvisorNet Financial Inc now owns 1,676 shares of the company’s stock worth $39,000 after acquiring an additional 851 shares during the period. Truvestments Capital LLC acquired a new stake in nVent Electric during the fourth quarter worth about $50,000. Captrust Financial Advisors grew its holdings in nVent Electric by 22.8% during the fourth quarter. Captrust Financial Advisors now owns 3,407 shares of the company’s stock worth $79,000 after acquiring an additional 633 shares during the period. Finally, Ellevest Inc. grew its holdings in nVent Electric by 48.2% during the fourth quarter. Ellevest Inc. now owns 5,745 shares of the company’s stock worth $134,000 after acquiring an additional 1,869 shares during the period. 85.88% of the stock is currently owned by hedge funds and other institutional investors.
nVent Electric Company Profile
nVent Electric plc designs, manufactures, markets, installs, and services electrical connection and protection products in the United States, Canada, Western and Eastern Europe included in European Union, China, Eastern Europe not included in European Union, Latin America, the Middle East, Southeast Asia, Australia, and Japan.
See Also: What is the Book Value of a Share?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for nVent Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for nVent Electric and related companies with MarketBeat.com's FREE daily email newsletter.