At the high end of the projected earnings, $4.45 per share, Eaton's PE would have to grow to almost 19. And the Aerospace and Automotive segmnets should kep that from happening. At the projected earnings midpoint of 4.25, and the current PE of 14, the stock price should be 59.5 hhhmmmmmm
Going to be a miracle now. Where's the dividend at? Are they suspending Q1's dividend to help off-set poor business? Last pay date was more than 3 months back. They mentioned dividend news at their SH meeting? Great, more delayed tactics.
Remenber that the last dividend was about one month early. Eaton did this to avoid the Ireland rules on issuing a dividend. If the dividend is issued by the second or third week in March, then it would be on the normal schedule.
I just started a put position. I could be wrong, but I decided that at 60 or even 59 or 58, it's too dangerous to hold ETN long. If I were more confident about what I'm writing, I would have shorted the stock. I bought the puts to limit a potential loss. At this level, isn't there a bigger risk to remain long?