Franklin Electric (FELE) Announces Quarterly Earnings Results

Franklin Electric (NASDAQ:FELE) released its quarterly earnings data on Tuesday. The industrial products company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03, MarketWatch Earnings reports. The company had revenue of $316.66 million during the quarter, compared to the consensus estimate of $309.68 million. Franklin Electric had a net margin of 7.07% and a return on equity of 14.22%. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period last year, the firm earned $0.42 EPS. Franklin Electric updated its FY19 guidance to $2.37-2.47 EPS.

NASDAQ:FELE opened at $54.07 on Wednesday. The stock has a market cap of $2.37 billion, a PE ratio of 28.16, a price-to-earnings-growth ratio of 2.47 and a beta of 1.38. Franklin Electric has a 52 week low of $38.45 and a 52 week high of $55.25. The company has a quick ratio of 1.00, a current ratio of 2.22 and a debt-to-equity ratio of 0.13.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 15th. Stockholders of record on Friday, February 1st were issued a dividend of $0.145 per share. This represents a $0.58 dividend on an annualized basis and a dividend yield of 1.07%. This is an increase from Franklin Electric’s previous quarterly dividend of $0.12. The ex-dividend date was Thursday, January 31st. Franklin Electric’s dividend payout ratio (DPR) is presently 30.21%.

A number of equities analysts have recently commented on FELE shares. Zacks Investment Research downgraded shares of Franklin Electric from a “hold” rating to a “sell” rating in a report on Monday, February 4th. BidaskClub raised shares of Franklin Electric from a “sell” rating to a “hold” rating in a report on Friday, December 21st. ValuEngine raised shares of Franklin Electric from a “hold” rating to a “buy” rating in a report on Friday, February 15th. Finally, Boenning Scattergood reaffirmed a “buy” rating and set a $54.00 price objective on shares of Franklin Electric in a report on Tuesday. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $48.80.

Several large investors have recently added to or reduced their stakes in the company. MetLife Investment Advisors LLC lifted its holdings in Franklin Electric by 56.7% during the 3rd quarter. MetLife Investment Advisors LLC now owns 33,076 shares of the industrial products company’s stock valued at $1,563,000 after purchasing an additional 11,972 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new position in Franklin Electric during the 3rd quarter valued at about $287,000. Monarch Capital Management Inc. lifted its holdings in Franklin Electric by 1.5% during the 4th quarter. Monarch Capital Management Inc. now owns 159,512 shares of the industrial products company’s stock valued at $6,840,000 after purchasing an additional 2,410 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Franklin Electric by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 4,313,834 shares of the industrial products company’s stock valued at $203,829,000 after purchasing an additional 104,385 shares during the last quarter. Finally, Crawford Investment Counsel Inc. lifted its holdings in Franklin Electric by 3.9% during the 3rd quarter. Crawford Investment Counsel Inc. now owns 77,920 shares of the industrial products company’s stock valued at $3,682,000 after purchasing an additional 2,900 shares during the last quarter. 76.43% of the stock is owned by institutional investors.

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Franklin Electric Company Profile

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

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Earnings History for Franklin Electric (NASDAQ:FELE)

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