EMR Expected To Announce $3.94 Bn In Quarterly Sales By Zacks


Emerson Electric (NYSE: EMR) is expected by analysts to announce quarterly sales worth $3.94 bn for this current quarter.5 analysts have estimated the earnings of the company. The lowest estimate of sales is $3.89 bn while the highest estimate in sales is $3.98 bn. The company reported $4.15 bn in sales in a similar quarter past year, which suggests a 5.1% negative Y-O-Y growth rate. The company will announce its next reports on earnings on February 2md, Tuesday.

EMR has been the topic of many brokerages’ reports. Credit Group increased the price objective of the company’s stocks from $77.00 – $79.00 and issued a rating of “outperform” on the company’s stocks on November 4th, Wednesday. Stephens initiated coverage on the shares of the company on October 15th, Thursday. They set a rating of “overweight” on the company’s stocks.JPMorgan Chase increased the price target on the company’s stocks from $80.00 – $85.00 and issued a rating of “overweight” on the company’s stocks on October 7th, Wednesday. Deutsche Bank upgraded its ratings on the company’s stocks from “hold” to “buy” on December 14th, Monday. Finally, Cowen issued a rating of “buy” on October 4th, Sunday.7 research analysts issued a rating of “hold” and nine issued a rating of “buy” on the company’s stocks.

EMR Company Profile

EMR manufactures and designs engineering and technology products for consumer, commercial and industrial markets worldwide. The company operates through Residential & Commercial Solutions and Automation Solutions segments. The segment of Automation Solutions offers analytical and measurement instrumentation, equipment, and industrial valves, and process and control systems and software.

EMR stock opened on Friday at $80.37.The firm has $48.03 bn in market capitalization, a 24.81 P/E ratio, a 2.38 PEG ratio, and a 1.55 beta. The firm has a 0.75 ratio between debt and equity, a 1.19 quick ratio, and a 1.52 current ratio. It has $37.75 as its 1-year low and $83.14 as its 1-year high.