Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Eaton (ETN) Share Price
News coverage about Eaton (NYSE:ETN) has been trending somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Eaton earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave headlines about the industrial products company an impact score of 46.9818527363295 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the headlines that may have effected Accern Sentiment’s analysis:
- Eaton Announces Live Webcast of March 2, 2018 Annual Investor Conference (finance.yahoo.com)
- Q1 2018 EPS Estimates for Eaton Co., PLC Reduced by Analyst (ETN) (americanbankingnews.com)
- Brokerages Expect Eaton Co., PLC (ETN) Will Announce Quarterly Sales of $5.07 Billion (americanbankingnews.com)
- Eaton (ETN) Rating Increased to Hold at Zacks Investment Research (americanbankingnews.com)
- Eaton Co., PLC (ETN) Expected to Earn FY2020 Earnings of $6.25 Per Share (americanbankingnews.com)
ETN has been the topic of a number of research reports. Robert W. Baird upgraded shares of Eaton from a “neutral” rating to an “outperform” rating and upped their price target for the company from $82.00 to $92.00 in a research note on Wednesday, January 3rd. Stifel Nicolaus upgraded shares of Eaton from a “hold” rating to a “buy” rating and upped their price target for the company from $77.00 to $99.00 in a research note on Sunday, February 4th. Zacks Investment Research lowered shares of Eaton from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. Argus upped their price target on shares of Eaton from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday. Finally, ValuEngine upgraded shares of Eaton from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $86.93.
Eaton (NYSE:ETN) last posted its quarterly earnings data on Thursday, February 1st. The industrial products company reported $1.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.04. The firm had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $5.10 billion. Eaton had a net margin of 14.60% and a return on equity of 12.84%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.12 EPS. equities research analysts expect that Eaton will post 5.14 earnings per share for the current fiscal year.
In other news, Director Charles E. Golden sold 4,311 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $76.03, for a total transaction of $327,765.33. Following the completion of the sale, the director now owns 20,275 shares of the company’s stock, valued at approximately $1,541,508.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Curtis J. Hutchins sold 14,360 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $78.36, for a total transaction of $1,125,249.60. Following the sale, the insider now directly owns 26,596 shares of the company’s stock, valued at approximately $2,084,062.56. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,745 shares of company stock valued at $2,233,669. 0.80% of the stock is currently owned by insiders.
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Eaton Corporation (Eaton) is a diversified power management company. It is engaged in the manufacturing of electrical components and systems for power quality, distribution and control; hydraulics components, systems and services for industrial and mobile equipment; aerospace fuel, hydraulics and pneumatic systems for commercial and military use, and truck and automotive drivetrain and powertrain systems for performance, fuel economy and safety.
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