Wall Street brokerages expect Eaton Co. PLC (NYSE:ETN) to announce earnings per share (EPS) of $1.43 for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Eaton’s earnings, with the lowest EPS estimate coming in at $1.38 and the highest estimate coming in at $1.49. Eaton reported earnings per share of $1.25 during the same quarter last year, which would suggest a positive year-over-year growth rate of 14.4%. The company is scheduled to issue its next quarterly earnings results on Tuesday, October 30th.

On average, analysts expect that Eaton will report full year earnings of $5.36 per share for the current year, with EPS estimates ranging from $5.30 to $5.45. For the next financial year, analysts forecast that the company will post earnings of $5.88 per share, with EPS estimates ranging from $5.70 to $6.08. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover Eaton.

Eaton (NYSE:ETN) last issued its quarterly earnings results on Tuesday, July 31st. The industrial products company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.07. Eaton had a return on equity of 13.11% and a net margin of 14.80%. The firm had revenue of $5.49 billion for the quarter, compared to the consensus estimate of $5.45 billion. During the same period in the prior year, the business posted $1.15 earnings per share. The company’s revenue for the quarter was up 6.9% on a year-over-year basis.

Several research analysts have commented on the company. Zacks Investment Research upgraded Eaton from a “hold” rating to a “buy” rating and set a $84.00 price objective on the stock in a report on Tuesday, July 3rd. Barclays raised their price objective on Eaton from $71.00 to $77.00 and gave the stock an “underweight” rating in a report on Wednesday, August 1st. Royal Bank of Canada restated a “hold” rating and set a $80.00 price objective on shares of Eaton in a report on Tuesday, July 31st. MED upgraded Eaton from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a report on Thursday, July 12th. Finally, Deutsche Bank raised their price objective on Eaton from $92.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, August 16th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $87.61.

ETN opened at $87.13 on Friday. The firm has a market cap of $37.76 billion, a price-to-earnings ratio of 18.74, a PEG ratio of 1.59 and a beta of 1.39. Eaton has a 52 week low of $71.62 and a 52 week high of $89.85. The company has a current ratio of 1.47, a quick ratio of 0.96 and a debt-to-equity ratio of 0.40.

In other news, insider Richard H. Fearon sold 25,000 shares of Eaton stock in a transaction on Wednesday, September 5th. The stock was sold at an average price of $83.29, for a total value of $2,082,250.00. Following the transaction, the insider now directly owns 221,459 shares in the company, valued at approximately $18,445,320.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Revathi Advaithi sold 15,500 shares of Eaton stock in a transaction on Thursday, August 30th. The shares were sold at an average price of $82.98, for a total value of $1,286,190.00. Following the completion of the transaction, the insider now owns 24,715 shares in the company, valued at $2,050,850.70. The disclosure for this sale can be found here. Insiders sold a total of 55,000 shares of company stock worth $4,617,645 over the last quarter. Company insiders own 0.50% of the company’s stock.

Large investors have recently made changes to their positions in the company. Silvant Capital Management LLC purchased a new position in shares of Eaton in the 1st quarter valued at $105,000. Zions Bancorporation purchased a new position in shares of Eaton in the 2nd quarter valued at $113,000. Fort L.P. purchased a new position in shares of Eaton in the 2nd quarter valued at $116,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in shares of Eaton in the 2nd quarter valued at $123,000. Finally, Sun Life Financial INC increased its holdings in shares of Eaton by 1,153.5% in the 2nd quarter. Sun Life Financial INC now owns 1,805 shares of the industrial products company’s stock valued at $135,000 after acquiring an additional 1,661 shares during the period. Institutional investors and hedge funds own 77.50% of the company’s stock.

Eaton Company Profile

Eaton Corporation plc operates as a power management company worldwide. Its Electrical Products segment offers electrical and industrial components, residential products, single phase power quality products, emergency lighting and fire detection products, wiring devices, structural support systems, and circuit protection and lighting products.

Featured Story: Technical Analysis

Get a free copy of the Zacks research report on Eaton (ETN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Eaton (NYSE:ETN)

Receive News & Ratings for Eaton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eaton and related companies with MarketBeat.com's FREE daily email newsletter.