Analysts predict that Eaton Co. PLC (NYSE:ETN) will report earnings of $1.52 per share for the current quarter, according to Zacks. Six analysts have made estimates for Eaton’s earnings, with the lowest EPS estimate coming in at $1.50 and the highest estimate coming in at $1.54. Eaton reported earnings per share of $1.39 in the same quarter last year, which would suggest a positive year over year growth rate of 9.4%. The company is scheduled to issue its next earnings report on Tuesday, July 30th.

According to Zacks, analysts expect that Eaton will report full year earnings of $5.89 per share for the current year, with EPS estimates ranging from $5.82 to $5.95. For the next fiscal year, analysts expect that the business will report earnings of $6.26 per share, with EPS estimates ranging from $6.00 to $6.55. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow Eaton.

Eaton (NYSE:ETN) last announced its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.01. The business had revenue of $5.31 billion during the quarter, compared to analysts’ expectations of $5.38 billion. Eaton had a return on equity of 14.56% and a net margin of 10.06%. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.10 earnings per share.

ETN has been the subject of a number of recent research reports. Vertical Research upgraded Eaton from a “hold” rating to a “buy” rating in a research note on Monday, March 4th. Robert W. Baird set a $89.00 price objective on Eaton and gave the company a “buy” rating in a research note on Saturday, February 2nd. Wells Fargo & Co lifted their price objective on Eaton from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Monday, March 4th. They noted that the move was a valuation call. Morgan Stanley set a $82.00 price objective on Eaton and gave the company a “hold” rating in a research note on Saturday, February 2nd. Finally, Zacks Investment Research cut Eaton from a “hold” rating to a “sell” rating in a research note on Wednesday, January 23rd. Three research analysts have rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company’s stock. Eaton has a consensus rating of “Hold” and an average price target of $86.79.

NYSE:ETN traded down $1.86 during trading hours on Thursday, reaching $77.07. 2,019,900 shares of the company traded hands, compared to its average volume of 2,458,406. The stock has a market capitalization of $33.81 billion, a price-to-earnings ratio of 14.30, a PEG ratio of 1.55 and a beta of 1.47. Eaton has a 1 year low of $64.46 and a 1 year high of $89.46. The company has a current ratio of 1.47, a quick ratio of 0.92 and a debt-to-equity ratio of 0.42.

The firm also recently declared a quarterly dividend, which was paid on Friday, May 17th. Stockholders of record on Friday, May 3rd were paid a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 3.68%. The ex-dividend date was Thursday, May 2nd. Eaton’s dividend payout ratio is currently 52.69%.

In other news, insider Joao V. Faria sold 4,301 shares of the business’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $80.00, for a total value of $344,080.00. Following the completion of the transaction, the insider now owns 58,688 shares in the company, valued at $4,695,040. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Olivier Leonetti purchased 630 shares of the firm’s stock in a transaction dated Friday, May 17th. The stock was acquired at an average price of $79.08 per share, with a total value of $49,820.40. Following the purchase, the director now directly owns 127 shares of the company’s stock, valued at $10,043.16. The disclosure for this purchase can be found here. Insiders sold 34,890 shares of company stock valued at $2,809,633 in the last 90 days. Company insiders own 0.70% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Highwater Wealth Management LLC purchased a new stake in Eaton during the fourth quarter valued at $26,000. Financial Gravity Wealth Inc. purchased a new stake in Eaton during the first quarter valued at $25,000. Destination Wealth Management increased its position in Eaton by 103.2% during the first quarter. Destination Wealth Management now owns 319 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 162 shares during the last quarter. Alera Investment Advisors LLC increased its position in Eaton by 82.9% during the first quarter. Alera Investment Advisors LLC now owns 384 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 174 shares during the last quarter. Finally, Athena Capital Advisors LLC purchased a new stake in Eaton during the fourth quarter valued at $27,000. Institutional investors own 77.87% of the company’s stock.

About Eaton

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.

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Earnings History and Estimates for Eaton (NYSE:ETN)

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