Emerson Electric Company (NYSE:EMR) manufacturer of industrial equipments, is expected to report fourth quarter earnings results, before market open, on Tuesday 3rd November 2020.
Analysts polled by Thomson Reuters anticipate fourth quarter income of $ 0.94 per share.
Looking ahead, the full year income are expected at $ 3.30 per share on the revenues of $ 16689.50 million.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 16,535.00 million ~ $ 16,719.00 million, where as bottomline are predicted in a range of $ 3.20 ~ $ 3.35 per share
Click Here For More Historical Outlooks Of Emerson Electric Company
Previous Quarter Performance
Emerson Electric Company communicated income for the third quarter of $ 0.80 per share, from the revenue of $ 3,914.00 million. The quarterly earnings declined 17.53 percent while revenues dropped 16.44 percent compared with the same quarter last year.
Street analysts expected Emerson Electric Company to report income of $ 0.60 per share on revenue of $ 3848.30 million for the third quarter. The bottom line results beat street analysts by $ 0.2 or 33.33 percent, at the same time, top line results outshined analysts by $ 65.70 million or 1.71 percent.
Stock Performance
Shares of Emerson Electric Company traded up $ 3.17 or 4.89 percent on Monday, reaching $ 67.96 with volume of 5.06 million shares. Emerson Electric Company has traded high as $ 68.35 and has cracked $ 65.74 on the downward trend
The closing price of $ 67.96, representing a 71.63 % increase from the 52 week low of $ 37.75 and a 17.34 % decrease over the 52 week high of $ 78.38.
The company has a market capital of $ 40.61 billion and is part of the Industrials sector and Diversified Industrials industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.50 per share on August 4, 2020. The dividend were payable on September 10, 2020 to holders of record as of the close of business on August 14, 2020 and ex-dividend date on August 13, 2020.
Conference Call
Emerson Electric Company will be hosting a conference call at 2:00 PM eastern time on 3rd November 2020, to discuss its 4Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.emerson.com
Emerson Electric Co., a technology and engineering company, provides solutions to industrial, commercial, and consumer markets worldwide. The companys Automation Solutions segment offers measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions. It serves the oil and gas, refining, chemicals and power generation, pharmaceuticals, food and beverage, automotive, pulp and paper, metals and mining, and municipal water supplies markets.
