Franklin Electric Co. (FELE) Expected to Post Quarterly Sales of $312.52 Million
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.
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%.
COPYRIGHT VIOLATION NOTICE: This report was originally posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are viewing this report on another publication, it was illegally copied and republished in violation of U.S. and international trademark and copyright laws. The original version of this report can be accessed at https://theolympiareport.com/2018/02/14/franklin-electric-co-fele-expected-to-post-quarterly-sales-of-312-52-million.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Franklin Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franklin Electric and related companies with MarketBeat.com's FREE daily email newsletter.