Franklin Electric (FELE) to Release Earnings on Tuesday

Franklin Electric (NASDAQ:FELE) is set to post its quarterly earnings results before the market opens on Tuesday, April 30th. Analysts expect Franklin Electric to post earnings of $0.75 per share for the quarter. Franklin Electric has set its FY24 guidance at $4.22-4.40 EPS and its FY 2024 guidance at 4.220-4.400 EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

Franklin Electric (NASDAQ:FELE) last posted its earnings results on Tuesday, February 13th. The industrial products company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.02). Franklin Electric had a return on equity of 16.67% and a net margin of 9.36%. The firm had revenue of $472.97 million for the quarter, compared to analyst estimates of $490.47 million. During the same period in the previous year, the company posted $0.84 EPS. Franklin Electric’s revenue was down 3.4% on a year-over-year basis. On average, analysts expect Franklin Electric to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Franklin Electric Price Performance

Shares of NASDAQ FELE opened at $102.77 on Monday. The stock’s 50-day moving average is $102.35 and its two-hundred day moving average is $95.70. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.97 and a quick ratio of 1.20. Franklin Electric has a 1-year low of $82.61 and a 1-year high of $107.89. The company has a market cap of $4.73 billion, a price-to-earnings ratio of 25.00, a price-to-earnings-growth ratio of 1.98 and a beta of 0.96.

Franklin Electric Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Thursday, May 2nd will be issued a dividend of $0.25 per share. The ex-dividend date is Wednesday, May 1st. This represents a $1.00 annualized dividend and a yield of 0.97%. Franklin Electric’s dividend payout ratio (DPR) is 24.33%.

Wall Street Analysts Forecast Growth

FELE has been the topic of several recent research reports. StockNews.com downgraded Franklin Electric from a “strong-buy” rating to a “buy” rating in a report on Sunday, January 14th. Northcoast Research upgraded Franklin Electric from a “neutral” rating to a “buy” rating and set a $110.00 price objective on the stock in a report on Friday, February 23rd. Finally, Robert W. Baird increased their price objective on Franklin Electric from $91.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, February 14th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Franklin Electric presently has an average rating of “Moderate Buy” and an average price target of $100.00.

Insider Activity

In related news, CEO Gregg C. Sengstack sold 10,366 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $99.96, for a total value of $1,036,185.36. Following the completion of the sale, the chief executive officer now directly owns 154,993 shares of the company’s stock, valued at approximately $15,493,100.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 2.72% of the company’s stock.

About Franklin Electric

Franklin Electric Co, Inc, together with its subsidiaries, designs, manufactures, and distributes water and fuel pumping systems worldwide. The company operates through Water Systems, Fueling Systems, and Distribution segments. The Water Systems segment offers submersible motors, drives, pumps, electronic controls, water treatment systems, monitoring devices, and related parts and equipment.