Emerson Electric reports profit for the next month
Emerson Electric Co. (NYSE: EMR) is an American multinational technology and engineering company. The company manufactures products and provides engineering services and solutions for customers in the industrial, retail and consumer sectors. Emerson Electric has approximately 83,500 employees and 200 manufacturing facilities worldwide. This morning the EMR was last down 0.2% to $ 91.39
The EMR has increased by 92% compared to the previous year and Almost doubled after bottoming to a multi-year low of $ 46.34. Emerson Electric’s shares are also up 16% year-to-date. EMR is currently only down 2% from its record high of $ 93.38. Additionally, Emerson Electric has a forward dividend of $ 2.02, which equates to a dividend yield of 2.21%.
Emerson Electric is expected to release its quarterly results prior to opening on Wednesday, May 5th. Last year, EMR exceeded analyst expectations in all four of its most recent earnings reports. For the first quarter of 2020, Emerson Electric beat analysts’ estimates by a margin of $ 0.15 and reported earnings per share (EPS) of $ 0.89. For the second quarter of 2020, Emerson Electric cut its earnings per share to $ 0.80 but beat expectations with a margin of $ 0.20. For the following quarter, EMR posted earnings up to $ 1.10 per share, beating estimates by $ 0.16. For the fourth quarter of 2020, Emerson Electric reported earnings per share of $ 0.83, beating expectations with a margin of $ 0.15.
Emerson Electric has been able to maintain solid sales and net profits so a quick rebound is still a strong opportunity for them. The company has already shown clear signs of growth in the last few quarters. The key for Emerson Electric will be maintaining positive earnings performance, which makes Monday’s earnings report important for the near-term move in Emerson Electric stock. Overall, EMR should grow steadily over the long term from a fundamental perspective.
However, it should also be noted that EMR trades at a relatively high P / E ratio of 26.40, so some short-term weakness could be a great buying opportunity for potential investors.
Regardless, analysts were extremely optimistic about equity. On the way to today, nine of the 14 in coverage sports are giving a “strong buy” recommendation while the remaining five are making a “hold” recommendation.