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Eaton (NYSE:ETN - Get Rating) is scheduled to release its earnings data before the market opens on Tuesday, August 2nd. Analysts expect Eaton to post earnings of $1.82 per share for the quarter. Eaton has set its Q2 guidance at $1.78-$1.88 EPS and its FY22 guidance at $7.32-$7.72 EPS.Persons interested in participating in the company's earnings conference call can do so using this link.
Eaton (NYSE:ETN - Get Rating) last posted its earnings results on Tuesday, May 3rd. The industrial products company reported $1.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.60 by $0.02. Eaton had a return on equity of 16.92% and a net margin of 11.21%. The firm had revenue of $4.84 billion during the quarter, compared to analysts' expectations of $4.78 billion. During the same period in the previous year, the firm earned $1.44 earnings per share. The company's revenue was up 3.2% on a year-over-year basis. On average, analysts expect Eaton to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year. Eaton Stock Up 0.3 %
NYSE:ETN opened at $137.10 on Tuesday. The stock has a market cap of $54.70 billion, a price-to-earnings ratio of 24.79, a PEG ratio of 1.66 and a beta of 1.15. The stock has a 50-day moving average price of $132.84 and a two-hundred day moving average price of $145.23. Eaton has a 1 year low of $122.50 and a 1 year high of $175.72. The company has a current ratio of 0.99, a quick ratio of 0.59 and a debt-to-equity ratio of 0.41. Insider Activity
In other Eaton news, insider Boise April Miller sold 12,283 shares of Eaton stock in a transaction dated Friday, May 27th. The stock was sold at an average price of $138.66, for a total transaction of $1,703,160.78. Following the completion of the transaction, the insider now owns 11,435 shares in the company, valued at approximately $1,585,577.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.56% of the stock is currently owned by company insiders. Hedge Funds Weigh In On Eaton
Several hedge funds have recently modified their holdings of ETN. The Manufacturers Life Insurance Company raised its holdings in shares of Eaton by 74.9% in the 1st quarter. The Manufacturers Life Insurance Company now owns 563,848 shares of the industrial products company's stock worth $85,570,000 after purchasing an additional 241,534 shares during the period. BNP Paribas Arbitrage SA raised its holdings in Eaton by 23.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 163,568 shares of the industrial products company's stock valued at $24,823,000 after acquiring an additional 30,686 shares during the period. Sawgrass Asset Management LLC bought a new stake in Eaton during the 1st quarter valued at $1,098,000. Wealthfront Advisers LLC raised its holdings in Eaton by 50.7% during the 1st quarter. Wealthfront Advisers LLC now owns 30,704 shares of the industrial products company's stock valued at $4,660,000 after acquiring an additional 10,333 shares during the period. Finally, Willis Investment Counsel bought a new stake in Eaton during the 1st quarter valued at $6,879,000. Institutional investors own 79.10% of the company's stock. Wall Street Analysts Forecast Growth
Several research firms recently issued reports on ETN. Robert W. Baird upped their target price on Eaton from $150.00 to $155.00 in a report on Tuesday, May 3rd. Morgan Stanley dropped their price objective on Eaton from $180.00 to $170.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 31st. Mizuho dropped their price objective on Eaton from $185.00 to $145.00 and set a "buy" rating on the stock in a research note on Monday, July 18th. StockNews.com raised Eaton from a "hold" rating to a "buy" rating in a research report on Friday, July 8th. Finally, Wells Fargo & Company reduced their price target on Eaton from $142.00 to $139.00 and set an "equal weight" rating on the stock in a research report on Tuesday, July 12th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $160.73.Eaton Company Profile (Get Rating)
Eaton Corporation plc operates as a power management company worldwide. The company's Electrical Americas and Electrical Global segment provides electrical components, industrial components, power distribution and assemblies, residential products, single and three phase power quality and connectivity products, wiring devices, circuit protection products, utility power distribution products, power reliability equipment, and services, as well as hazardous duty electrical equipment, emergency lighting, fire detection, explosion-proof instrumentation, and structural support systems.Featured ArticlesGet a free copy of the StockNews.com research report on Eaton (ETN)MarketBeat Podcast Bear Market Tips For Active TradersTaking a Look at Nvidia's Stock Amidst The Semiconductor Chip GutPalantir Stock is Showing Signs of Life The Institutions Like The Color Of PPG Industries What Investors Need to Know to Beat the Market
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