62.53 0.00 (0.00%)
After hours: 4:52PM EDT
|Bid||62.35 x 900|
|Ask||62.55 x 800|
|Day's Range||62.38 - 63.49|
|52 Week Range||55.39 - 79.70|
|Beta (3Y Monthly)||1.34|
|PE Ratio (TTM)||17.01|
|Earnings Date||Aug 6, 2019|
|Forward Dividend & Yield||1.96 (2.76%)|
|1y Target Est||73.74|
Moody's Investors Service ("Moody's") said that the announced plan to sell Artesyn Embedded Technologies, Inc.'s ("Artesyn", or the "company") Embedded Power business to Advanced Energy Industries, Inc. is credit positive but does not affect the ratings of Artesyn including its Caa1 corporate family rating and negative outlook. Artesyn is a portfolio company of Platinum Equity.
Emerson announced that today at 11:30 a.m. ET, Emerson Chairman and Chief Executive Officer David Farr will present at the Electrical Products Group Conference in Coral Gables, Fla. The presentation will not be webcast, but the presentation materials will be posted at that time on Emerson’s website at www.emerson.com/financial.
Emerson automation to improve operational efficiency, enhance cybersecurity for world’s largest chemical manufacturer
Emerson's range of energy-efficient smart thermostats offers users complete control, while helping reduce energy use by about 23% LONDON , May 20, 2019 /PRNewswire/ -- Based on its recent analysis of the ...
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As the nation’s food industry descends on Chicago for the latest culinary inspiration at the National Restaurant Association Show, there’s at least one item that won’t be on the menu: food waste. McCormick Place, North America’s largest convention center and venue for the annual National Restaurant Association Show, is the latest location to install the innovative Grind2Energy food-waste-recycling system from Emerson (EMR).
Moody's Investors Service ("Moody's") assigned an A2 rating to Emerson Electric Company's ("Emerson") new senior unsecured notes due 2024. The issuance does not impact other ratings of Emerson, including the A2 senior unsecured or P-1 short-term ratings.
General Electric (NYSE: GE) stock is up 38% year-to-date in 2019, giving some investors reason for optimism that its problems are finally over. However, even with General Electric stock down 64% overall in the past three years, buying on the dip is far from a guaranteed money maker.Source: Shutterstock Even if all of GE's problems are finally on the table and solutions to them are being implemented, GE has a long way to go to get its business on track. Trading under $11, General Electric stock may look cheap to some investors. However, General Electric stock may still be a value trap. Here are five reasons why $11 is not necessarily a bargain for GE stock. * 7 Cloud Stocks to Buy on Overcast Days 1\. GE Stock Doesn't Have a Low Earnings MultipleGeneral Electric stock plummeted in recent years, driven partly by s large drop in the company's earnings. Prior to the large decline of GE's profits in recent quarters, GE stock historically traded at a PE ratio in the mid-teens. Today, GE's forward PE is about 15. Not only is that in-line with its long-term range, but it is also roughly in-line with the average PE ratio for the industrial sector as a whole., which is 16.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn fact, given all of GE's problems, a 15 PE is actually pretty generous. GE stock trades at a steep discount to its previous price, but its valuation hasn't changed much, despite its struggles. 2\. GE's First Quarter Wasn't as Good as It SeemedGE stock rallied hard after the company's first-quarter results exceeded expectations. Investors were hopeful the results indicated that the company had finally turned the corner. However, analysts were quick to point out that the Q1 numbers may have looked better on the surface than they actually were.GE Capital turned a surprise $135 million profit in the quarter. GE management noted "tax law changes" and "lower impairments" as among the reasons for the higher than expected bottom line. These are not the type of core business improvements that investors should be excited about. In addition, GE Industrial's free cash flow also exceeded expectations. GE cited the "timing of certain items" as the cause, which is not particularly inspiring for the owners of GE stock. 3\. 737 Max Creates Even More UncertaintyAs if GE didn't have enough of its own problems, the company recently said that it has now inherited another company's problems. GE delivered 424 engines to Boeing (NYSE: BA) in Q1 for use in BA's 737 Max fleet. Unfortunately, the 737 Max fleet is currently grounded while Boeing scrambles to update its software following two deadly 737 Max crashes. GE's management said it is working closely with Boeing on the issue, but the situation creates "a new risk" to GE's near-term outlook. GE Capital has about $1.5 billion in aviation-leasing assets tied to the 737 Max. 4\. Expectations May Still Be Too HighGE stock has bounced off its lows so far in 2019. But that relief rally may simply be a sign that investors' expectations are creeping back up into unrealistic territory. GE is guiding for negative free cash flow from its industrial segment in 2019. While long-term investors are willing to wait a year or two for GE's industrial free cash flow to recover, Gordon Haskett analyst John Inch says the recovery may not be coming."Considering GE's divestitures of high cash generating businesses coupled with Power's substantial long-term challenges, this aspirational target screens as both dubious and lacking basic intuition," Inch recently wrote.Given the current state of GE's business, Haskett estimates GE would need to double its EPS from current levels just to get back to $1 in overall free cash flow per share. Haskett said it's fairly unrealistic to suggest a company that is aggressively selling off assets to shore up its balance sheet will somehow also be able to double its earnings power. 5\. There Are Better Choices for Investors Than General Electric StockThe final reason why GE is not a good value stock is the most practical one for any investor. GE is an industrial stock with earnings struggles, accounting issues, credit concerns and a 0.3% dividend yield. Almost any other member of GE's industrial peer group is a better, safer bet at this point.Caterpillar (NYSE: CAT) is trading at a 12.4 earnings multiple, reported 18.6% EPS growth last quarter and has a 3.1% dividend yield. Emerson Electric (NYSE: EMR) grew its revenue by 8.6% last quarter and has a 2.9% yield.Emerson and Caterpillar are just two examples of safer industrial investments than GE. There's simply no reason investors need to take a gamble on a risky name like General Electric stock, especially when there are so many better choices out there.As of this writing, Wayne Duggan did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Cloud Stocks to Buy on Overcast Days * 6 Stable Stocks Worth Buying for Protection * 5 Active Vanguard Funds That You Have to Own Compare Brokers The post 5 Reasons General Electric Stock Is a Value Trap appeared first on InvestorPlace.
Management teams at a range of American companies bemoan the effect the U.S.-China trade spat is having on business and supply chain costs. Semiconductor executives, too, are critiquing the trade war. Management teams including those at industrial equipment manufacturer Emerson Electric, semiconductor developer Microchip and toolmaker Snap-On all lamented the impact the U.S.-China trade dispute has had on their business this week.
Emerson's (EMR) second-quarter fiscal 2019 earnings meet estimates while increase year over year on sales growth and lower share count.
Integrated technology solution minimizes energy loss, maximizes clean energy output and revenue for wind farm operators
Emerson, the Ferguson-based technology and engineering company, has sold its Emerson Air Comfort Products ceiling fans to Luminance Brands of Los Angeles.
NEW YORK, NY / ACCESSWIRE / May 7, 2019 / Emerson Electric Co. (NYSE: EMR ) will be discussing their earnings results in their 2019 Second Quarter Earnings to be held on May 7, 2019 at 2:00 PM Eastern ...
The board of directors of Emerson today declared the regular quarterly cash dividend of forty-nine cents per share of common stock payable June 10, 2019 to stockholders of record May 17, 2019.
Emerson's (EMR) second-quarter fiscal 2019 earnings meet estimates while increase year over year on sales growth, margin improvement and lower share count.
Emerson Electric earnings for its fiscal second quarter of the year have EMR stock falling on Tuesday.Source: Shutterstock Emerson Electric (NYSE:EMR) starts off its earnings report for its fiscal second quarter of 2019 with revenue of $4.57 billion. This is an increase over the company's revenue of $4.25 billion reported in its fiscal second quarter of 2018. This was bad news for EMR stock by missing Wall Street's revenue estimate of $4.64 billion for the period.Emerson Electric notes that it saw softer performance is some of its businesses that hurt its revenue growth for the quarter. This includes weaker than expected performance in global discrete manufacturing end markets. It also saw slower recovery from its Commercial & Residential Solutions Asia, Middle East & Africa than it was expecting.InvestorPlace - Stock Market News, Stock Advice & Trading TipsMore bad news from the most recent Emerson Electric earnings report is its guidance for fiscal 2019. The company says it is now expecting earnings per share for the year to range from $3.60 to $3.70. It was previously expecting earnings per share between $3.65 and $3.75. Wall Street is looking for earnings per share of $3.69 for the year.The Emerson Electric earnings report also sees the company bringing in earnings per share of 84 cents. This is better than the company's earnings per share of 76 cents from its fiscal second quarter of the previous year. It also matches analysts'earnings per share estimate for the quarter, but couldn't keep EMR stock from dropping today. * 7 Strong Buy Stocks That Tick All the Boxes Net income reported in the Emerson Electric earnings report for its fiscal second quarter of the year comes in at $520 million. The company's net income from the same period of the year prior was $482 million.EMR stock was down 4% as of Tuesday morning. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Strong Buy Stocks That Tick All the Boxes * 7 Stocks to Buy From the T. Rowe Price Health Sciences Fund * 5 Tech ETFs to Plug In to Big Profits As of this writing, William White did not hold a position in any of the aforementioned securities.Compare Brokers The post Emerson Electric Earnings: EMR Stock Dips on Revenue Miss, Guidance appeared first on InvestorPlace.
Acquisition strengthens Luminance Brands' presence and capabilities in the global ceiling fan market LOS ANGELES , May 7, 2019 /PRNewswire/ -- Luminance Brands today announced that it has acquired Emerson ...
Emerson Electric Co NYSE:EMRView full report here! Summary * Perception of the company's creditworthiness is negative * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is extremely low for EMR with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting EMR. Money flowETF/Index ownership | NegativeETF activity is negative and may be weakening. The net inflows of $5.55 billion over the last one-month into ETFs that hold EMR are among the lowest of the last year and appear to be slowing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Industrials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swap | NegativeThe current level displays a negative indicator. EMR credit default swap spreads are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.