Eaton (NYSE:ETN) Releases FY 2021 Earnings Guidance

Eaton (NYSE:ETN) issued an update on its FY 2021 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 5.900-6.300 for the period, compared to the Thomson Reuters consensus estimate of $5.640. The company issued revenue guidance of -.Eaton also updated its Q2 2021 guidance to 1.450-1.550 EPS.

NYSE ETN traded up $2.86 during trading on Thursday, hitting $145.80. The stock had a trading volume of 2,039,259 shares, compared to its average volume of 2,245,602. The company has a market capitalization of $58.10 billion, a PE ratio of 42.88, a P/E/G ratio of 2.34 and a beta of 1.12. The company’s 50-day moving average price is $141.78 and its two-hundred day moving average price is $126.98. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.13 and a current ratio of 1.49. Eaton has a 12 month low of $70.54 and a 12 month high of $149.38.

Eaton (NYSE:ETN) last released its earnings results on Tuesday, May 4th. The industrial products company reported $1.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.19. The firm had revenue of $4.70 billion for the quarter, compared to analysts’ expectations of $4.53 billion. Eaton had a return on equity of 11.94% and a net margin of 7.53%. The business’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.09 EPS. As a group, equities analysts anticipate that Eaton will post 4.17 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, May 28th. Shareholders of record on Friday, May 14th will be given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Thursday, May 13th. Eaton’s dividend payout ratio (DPR) is 53.62%.

Several research analysts have weighed in on ETN shares. Royal Bank of Canada boosted their price target on Eaton from $134.00 to $145.00 and gave the stock a sector perform rating in a research report on Wednesday, May 5th. HSBC raised Eaton from a hold rating to a buy rating and boosted their price target for the stock from $103.00 to $140.00 in a research report on Tuesday, February 16th. Barclays boosted their price target on Eaton from $115.00 to $125.00 and gave the stock an underweight rating in a research report on Tuesday, April 6th. Zacks Investment Research lowered Eaton from a buy rating to a hold rating and set a $150.00 target price on the stock. in a report on Tuesday, April 6th. Finally, Robert W. Baird boosted their target price on Eaton from $140.00 to $151.00 and gave the stock a neutral rating in a report on Tuesday, May 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $149.29.

In other news, insider Brian S. Brickhouse sold 22,758 shares of the company’s stock in a transaction on Wednesday, March 3rd. The stock was sold at an average price of $135.80, for a total transaction of $3,090,536.40. Following the completion of the sale, the insider now directly owns 15,587 shares in the company, valued at approximately $2,116,714.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Sternadt Paulo Ruiz sold 14,254 shares of the company’s stock in a transaction on Friday, May 7th. The shares were sold at an average price of $146.41, for a total value of $2,086,928.14. Following the sale, the insider now owns 63,485 shares of the company’s stock, valued at $9,294,838.85. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,994 shares of company stock worth $7,031,994. Insiders own 0.54% of the company’s stock.

Eaton Company Profile

Eaton Corporation plc operates as a power management company. Its Electrical Americas and Electrical Global segment provides electrical components, industrial components, power distribution and assemblies, residential products, single and three phase power quality products, wiring devices, circuit protection products, utility power distribution products, power reliability equipment, and services in North and South America, as well as hazardous duty electrical, emergency lighting, fire detection, explosion-proof instrumentation, and structural support systems internationally.

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Earnings History and Estimates for Eaton (NYSE:ETN)

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