Eaton Corporation PLC (NYSE:ETN) will be releasing its Q313 earnings data on Friday, October 25th. Analysts expect Eaton Corporation PLC to post earnings of $1.12 per share and revenue of $5.70 billion for the quarter. Eaton Corporation PLC has set its Q3 guidance at $1.05-1.15 EPS and its FY13 guidance at $4.05-4.25 EPS.
Eaton Corporation PLC (NYSE:ETN) last issued its quarterly earnings data on Friday, August 2nd. The company reported $1.09 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.11 by $0.02. The company had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.78 billion. During the same quarter in the prior year, the company posted $1.15 earnings per share. The company’s quarterly revenue was up 37.7% on a year-over-year basis. On average, analysts expect Eaton Corporation PLC to post $4.18 EPS for the current fiscal year and $5.03 EPS for the next fiscal year.
Eaton Corporation PLC (NYSE:ETN) opened at 67.77 on Thursday. Eaton Corporation PLC has a 52-week low of $43.06 and a 52-week high of $70.07. The stock has a 50-day moving average of $66.10 and a 200-day moving average of $64.25. The company has a market cap of $32.116 billion and a P/E ratio of 20.40.
The company also recently declared a quarterly dividend, which is scheduled for Friday, November 22nd. Investors of record on Monday, November 4th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend is Thursday, October 31st.
A number of research firms have recently commented on ETN. Analysts at Oppenheimer reiterated a “buy” rating on shares of Eaton Corporation PLC in a research note to investors on Monday, October 7th. They now have a $78.00 price target on the stock. On the ratings front, analysts at Barclays raised their price target on shares of Eaton Corporation PLC from $66.00 to $71.00 in a research note to investors on Monday, October 7th. They now have an “equal weight” rating on the stock. Finally, analysts at Sanford C. Bernstein reiterated a “buy” rating on shares of Eaton Corporation PLC in a research note to investors on Tuesday, September 24th. They now have a $79.00 price target on the stock. Five research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Eaton Corporation PLC presently has an average rating of “Buy” and an average target price of $72.25.
Eaton Corporation (NYSE:ETN) is a diversified power management company.
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