Equities analysts expect Franklin Electric Co. (NASDAQ:FELE) to report earnings of $0.45 per share for the current quarter, according to Zacks. Two analysts have provided estimates for Franklin Electric’s earnings, with the highest EPS estimate coming in at $0.48 and the lowest estimate coming in at $0.43. Franklin Electric reported earnings per share of $0.38 during the same quarter last year, which indicates a positive year-over-year growth rate of 18.4%. The company is expected to announce its next quarterly earnings results on Tuesday, February 20th.
According to Zacks, analysts expect that Franklin Electric will report full year earnings of $1.90 per share for the current fiscal year, with EPS estimates ranging from $1.88 to $1.92. For the next fiscal year, analysts anticipate that the company will report earnings of $2.12 per share, with EPS estimates ranging from $2.07 to $2.20. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Franklin Electric.
Franklin Electric (NASDAQ:FELE) last announced its earnings results on Tuesday, October 24th. The industrial products company reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.01. Franklin Electric had a return on equity of 13.09% and a net margin of 8.13%. The business had revenue of $311.11 million during the quarter, compared to analysts’ expectations of $317.54 million. During the same quarter last year, the business posted $0.48 earnings per share. The company’s quarterly revenue was up 29.8% on a year-over-year basis.
Shares of Franklin Electric (FELE) traded up $0.05 during mid-day trading on Friday, reaching $45.70. The company had a trading volume of 28,183 shares, compared to its average volume of 114,119. Franklin Electric has a fifty-two week low of $36.00 and a fifty-two week high of $47.20. The company has a market capitalization of $2,087.55, a PE ratio of 24.57 and a beta of 1.62. 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 business also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be issued a dividend of $0.108 per share. This represents a $0.43 annualized dividend and a dividend yield of 0.95%. The ex-dividend date is Wednesday, January 31st. Franklin Electric’s dividend payout ratio is 23.12%.
Several hedge funds and other institutional investors have recently made changes to their positions in FELE. Channing Capital Management LLC purchased a new stake in shares of Franklin Electric during the third quarter valued at $30,888,000. First Merchants Corp purchased a new stake in Franklin Electric in the 3rd quarter worth about $21,739,000. Impax Asset Management LTD lifted its stake in Franklin Electric by 18.7% in the 3rd quarter. Impax Asset Management LTD now owns 1,816,445 shares of the industrial products company’s stock worth $81,468,000 after acquiring an additional 285,940 shares in the last quarter. Earnest Partners LLC lifted its stake in Franklin Electric by 8.3% in the 2nd quarter. Earnest Partners LLC now owns 2,248,817 shares of the industrial products company’s stock worth $93,101,000 after acquiring an additional 172,872 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in Franklin Electric in the 4th quarter worth about $3,727,000. 76.91% of the stock is owned by institutional investors and hedge funds.
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About Franklin Electric
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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