Emerson Electric Co. (NYSE: EMR) has reported earnings for its second fiscal quarter (ending March 31) of $0.87 versus $0.93 for the same period a year ago — a decline of -6%. This performance was $-0.50 short of the consensus estimate of $1.37. For the latest four quarters through March 31, E.P.S. were $3.39 compared to $2.69 a year ago — an increase of 26%.
Recent Price Action
Emerson Electric Co. (NYSE: EMR) stock enjoyed a large increase of 4.9% on 5/8/24. The stock closed at $112.65. Moreover, trading volume in this advance was exceptionally high at 225% of normal. Relative to the market the stock has been strong over the last nine months and has risen 4.5% during the last week.
Current PriceTarget Research Rating
EMR is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Emerson Electric Co has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Emerson Electric Co has a slightly positive Appreciation Score of 68 and a good Power Rating of 76, leading to the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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