Emerson Electric (NYSE:EMR) released its earnings results on Tuesday. The industrial products company reported $1.07 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.07, RTT News reports. Emerson Electric had a return on equity of 26.32% and a net margin of 12.55%. The business had revenue of $4.97 billion for the quarter, compared to analyst estimates of $5.02 billion. During the same quarter last year, the firm posted $0.89 earnings per share. The business’s revenue was up 1.7% compared to the same quarter last year. Emerson Electric updated its FY20 guidance to $3.48-3.72 EPS.
Shares of EMR stock opened at $73.79 on Friday. Emerson Electric has a 1-year low of $55.38 and a 1-year high of $75.54. The stock’s 50-day moving average is $67.79 and its 200 day moving average is $64.99. The company has a market cap of $45.39 billion, a P/E ratio of 20.00, a PEG ratio of 2.52 and a beta of 1.37. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.19 and a quick ratio of 0.85.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date is Thursday, November 14th. Emerson Electric’s payout ratio is currently 53.12%.
About Emerson Electric
Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.
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