Analysts expect Franklin Electric Co. (NASDAQ:FELE) to report $312.52 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Franklin Electric’s earnings, with estimates ranging from $300.73 million to $324.30 million. Franklin Electric reported sales of $239.59 million during the same quarter last year, which indicates a positive year over year growth rate of 30.4%. The business is scheduled to issue its next quarterly earnings results before the market opens on Tuesday, February 20th.

According to Zacks, analysts expect that Franklin Electric will report full year sales of $312.52 million for the current year, with estimates ranging from $1.12 billion to $1.16 billion. For the next year, analysts forecast that the company will post sales of $1.31 billion per share, with estimates ranging from $1.22 billion to $1.40 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Franklin Electric.

A number of brokerages have issued reports on FELE. BidaskClub downgraded Franklin Electric from a “sell” rating to a “strong sell” rating in a report on Wednesday, January 31st. Zacks Investment Research downgraded Franklin Electric from a “buy” rating to a “hold” rating in a report on Wednesday, January 17th. Seaport Global Securities reaffirmed a “neutral” rating on shares of Franklin Electric in a report on Wednesday, October 25th. Robert W. Baird lifted their price target on Franklin Electric from $45.00 to $47.00 and gave the stock a “neutral” rating in a report on Wednesday, October 25th. Finally, Boenning Scattergood reaffirmed a “buy” rating on shares of Franklin Electric in a report on Tuesday, October 24th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $50.00.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Advisor Group Inc. lifted its holdings in shares of Franklin Electric by 3.9% in the 2nd quarter. Advisor Group Inc. now owns 3,071 shares of the industrial products company’s stock valued at $127,000 after purchasing an additional 116 shares during the last quarter. Stifel Financial Corp lifted its holdings in shares of Franklin Electric by 2.3% in the 2nd quarter. Stifel Financial Corp now owns 10,768 shares of the industrial products company’s stock valued at $446,000 after purchasing an additional 238 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Franklin Electric by 12.9% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,462 shares of the industrial products company’s stock valued at $102,000 after purchasing an additional 281 shares during the last quarter. TIAA CREF Investment Management LLC lifted its holdings in shares of Franklin Electric by 0.4% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 125,471 shares of the industrial products company’s stock valued at $5,194,000 after purchasing an additional 539 shares during the last quarter. Finally, KBC Group NV lifted its holdings in shares of Franklin Electric by 1.3% in the 3rd quarter. KBC Group NV now owns 87,215 shares of the industrial products company’s stock valued at $3,912,000 after purchasing an additional 1,143 shares during the last quarter. 76.38% of the stock is owned by institutional investors.

Shares of Franklin Electric (NASDAQ FELE) opened at $42.80 on Wednesday. The stock has a market capitalization of $1,940.75, a PE ratio of 23.01 and a beta of 1.53. The company has a current ratio of 2.35, a quick ratio of 1.13 and a debt-to-equity ratio of 0.18. Franklin Electric has a fifty-two week low of $36.00 and a fifty-two week high of $47.20.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st will be issued a dividend of $0.108 per share. This represents a $0.43 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Wednesday, January 31st. Franklin Electric’s dividend payout ratio (DPR) is 23.12%.

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Franklin Electric Company Profile

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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Earnings History and Estimates for Franklin Electric (NASDAQ:FELE)

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