Analysts Expect Franklin Electric Co. (FELE) Will Post Earnings of $0.66 Per Share

Brokerages expect that Franklin Electric Co. (NASDAQ:FELE) will report $0.66 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Franklin Electric’s earnings, with the lowest EPS estimate coming in at $0.60 and the highest estimate coming in at $0.70. Franklin Electric posted earnings of $0.53 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 24.5%. The firm is scheduled to announce its next quarterly earnings report before the market opens on Tuesday, October 23rd.

According to Zacks, analysts expect that Franklin Electric will report full year earnings of $2.27 per share for the current financial year, with EPS estimates ranging from $2.20 to $2.32. For the next fiscal year, analysts forecast that the company will report earnings of $2.48 per share, with EPS estimates ranging from $2.43 to $2.55. 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 announced its earnings results on Tuesday, July 24th. The industrial products company reported $0.65 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by ($0.05). The firm had revenue of $344.00 million for the quarter, compared to the consensus estimate of $348.65 million. Franklin Electric had a return on equity of 13.65% and a net margin of 6.80%. Franklin Electric’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.58 EPS.

Several research analysts have issued reports on FELE shares. BidaskClub cut Franklin Electric from a “hold” rating to a “sell” rating in a report on Thursday, July 19th. Zacks Investment Research cut Franklin Electric from a “hold” rating to a “sell” rating in a report on Tuesday, September 25th. Finally, ValuEngine raised Franklin Electric from a “hold” rating to a “buy” rating in a report on Thursday, July 26th. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Franklin Electric presently has an average rating of “Hold” and an average price target of $48.80.

In other Franklin Electric news, VP Steven William Aikman sold 1,500 shares of the company’s stock in a transaction on Friday, September 14th. The stock was sold at an average price of $50.21, for a total value of $75,315.00. Following the transaction, the vice president now owns 16,515 shares of the company’s stock, valued at $829,218.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders sold 6,500 shares of company stock worth $323,430 in the last ninety days. 2.52% of the stock is owned by corporate insiders.

Large investors have recently made changes to their positions in the business. Xact Kapitalforvaltning AB raised its stake in Franklin Electric by 61.9% during the 1st quarter. Xact Kapitalforvaltning AB now owns 7,323 shares of the industrial products company’s stock valued at $298,000 after purchasing an additional 2,800 shares during the period. Profund Advisors LLC raised its stake in Franklin Electric by 20.6% during the 1st quarter. Profund Advisors LLC now owns 7,376 shares of the industrial products company’s stock valued at $301,000 after purchasing an additional 1,260 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in Franklin Electric during the 2nd quarter valued at $345,000. Cim Investment Mangement Inc. acquired a new stake in Franklin Electric during the 2nd quarter valued at $357,000. Finally, Sei Investments Co. raised its stake in Franklin Electric by 99.1% during the 1st quarter. Sei Investments Co. now owns 8,005 shares of the industrial products company’s stock valued at $326,000 after purchasing an additional 3,984 shares during the period. 78.46% of the stock is currently owned by institutional investors.

Shares of NASDAQ FELE traded up $0.21 during trading on Wednesday, hitting $42.18. The company had a trading volume of 7,380 shares, compared to its average volume of 116,726. The stock has a market capitalization of $2.21 billion, a P/E ratio of 21.97, a P/E/G ratio of 2.45 and a beta of 1.56. Franklin Electric has a 52 week low of $38.45 and a 52 week high of $51.45. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.00 and a current ratio of 2.06.

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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