|Bid||0.00 x 900|
|Ask||0.00 x 800|
|Day's Range||61.91 - 63.16|
|52 Week Range||37.75 - 78.38|
|Beta (5Y Monthly)||1.38|
|PE Ratio (TTM)||17.02|
|Earnings Date||Aug 04, 2020|
|Forward Dividend & Yield||2.00 (3.18%)|
|Ex-Dividend Date||May 14, 2020|
|1y Target Est||58.16|
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]
Emerson Electric (EMR) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Emerson (NYSE: EMR), a global engineering and technology company, today announced it will invest more than $100 million in Boulder to significantly expand its manufacturing space and launch a new innovation center focused on research, new product development and industry training for its advanced flow measurement products.
(Bloomberg Opinion) -- With the coronavirus pandemic turning the world’s economy upside down, analysts and investors have a lot of questions, and companies are doing their best to answer them. So if it feels like earnings calls were extra long these past few weeks, that’s because they were. Among the 29 members of the Dow Jones Industrial Average who normally have earnings calls and have held one since the beginning of March, 22 companies ran longer than usual by an average of about 10 minutes.Johnson & Johnson executives were the most verbose, with the company’s April 14 earnings call stretching about 1 hour and 43 minutes. That was nearly 26 minutes longer than the average of Johnson & Johnson’s previous four earnings calls. Even Walmart Inc., which doesn’t consistently hold public earnings calls, held an hour-long one on Tuesday to discuss first-quarter results. Analysts are generally grateful to have the extra information, but they, too, are noticing the longer calls. “Sorry, I was just fixing myself some dinner,” joked JPMorgan Chase & Co. analyst Steve Tusa in the middle of Emerson Electric Co.’s April 21 earnings call, which took place in the morning but stretched on a bit. “This is a pretty comprehensive conference call you’re having here.” Emerson, which isn’t a member of the Dow, included presentations by its major business heads as well as the CEO, CFO and company president. All told, the call lasted more than 2 hours, about 45 minutes longer than the recent average. It’s probably wise to stockpile snacks ahead of the next round of calls in July. This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Brooke Sutherland is a Bloomberg Opinion columnist covering deals and industrial companies. She previously wrote an M&A column for Bloomberg News.Elaine He is Bloomberg Opinion's data visualization columnist in Europe, focusing on business and markets coverage. Before joining Bloomberg, she was a graphics editor at the Wall Street Journal and the New York Times.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
What did Emerson really tell investors when it reduced its full-year guidance? Here's a look at the math that shows just how bad things are.
Fiduciary Management, Inc recently released its Q1 2020 Investor Letter, a copy of which you can download below. The FMI Large Cap Fund posted a return of -23.0% for the quarter, underperforming its benchmark, the S&P 500 Index which returned -19.60% in the same quarter. You should check out Fiduciary Management’s top 5 stock picks […]
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
The board of directors of Emerson (NYSE: EMR) today declared the regular quarterly cash dividend of fifty cents ($0.50) per share of common stock payable June 10, 2020 to stockholders of record May 15, 2020.
(Bloomberg Opinion) -- Tuesday was a jam-packed day for earnings across all sectors. In the industrial landscape, I paid closest attention to 3M Co., Caterpillar Inc. and United Parcel Service Inc., each a bellwether in its own right. You can find the specifics on earnings numbers in the companies’ news releases here, here and here, but in this time of unprecedented volatility, what CEOs are saying about how they are running their businesses is more telling. Here are my top takeaways:3M: Like many companies, 3M has suspended its 2020 guidance given the unpredictable nature of the coronavirus outbreak and rolling economic shutdowns, but in an effort to provide more transparency, the maker of Post-it notes is now going to provide monthly sales updates — broken down by geography and business segment — for the foreseeable future. This follows Emerson Electric Co.’s marathon two-hour-plus earnings call last week that featured presentations by not only the CEO and CFO but also the heads of its main business divisions. It’s nice to see companies setting the bar high on disclosures during this period of upheaval; hopefully others follow suit. The second quarter is expected to bring the worst of the virus impact, and 3M is cutting $350 million to $400 million of costs in the period to adjust to lower demand. Notably, however, much of that involves discretionary spending on things like travel, external services and advertising, rather than cuts to payroll, which 3M says it’s trying to minimize. It’s using furloughs, but they’re paid leaves, and in other cases, employees are being asked to take vacation. Bear in mind that 3M had announced a restructuring plan in January, separate from the coronavirus, that would see it eliminate some 1,500 jobs, so it’s hardly a corporate saint. But given its sales of N95 respirators, you’d be hard-pressed to find a company that better understands the toll the virus is taking, and 3M seems to legitimately want to to do the right thing by its workforce. Like others in the industrial sector, the company also appears wary of cutting too deep and being unprepared for an eventual recovery. 3M is clearly conscious of its image after having its name dragged through the mud by President Donald Trump and billionaire Mark Cuban over production and sales of N95 respirators. The company devoted an entire slide in its earnings presentation to the topic. 3M has already doubled global N95 output to 100 million per month and is investing in capacity to double that yet again; it’s directed 90% of production to health-care workers, with the remainder going to other critical industries such as food production; and the company has cut loose some distributors who acted “unethically” and is pursuing numerous lawsuits amid allegations of price gouging. The company also made a point of highlighting its 76 plants and distribution centers across the U.S. in an apparent nod toward calls for a revival of America’s manufacturing might. “3M has never left our home country,” CEO Michael Roman said on the call. CATERPILLAR : The maker of bulldozers and backhoes is also holding off on sweeping job cuts, and it made an interesting argument as to why that’s the case. Caterpillar held headcount as well as administrative, manufacturing and research spending relatively flat from 2016 to 2019, even as sales increased some 40%. That means there’s less to cut when a downturn hits, CEO Jim Umpleby said on a call to discuss the company’s first-quarter results. It also means Caterpillar doesn’t have to use up cash to pay out large amounts of severance, and “cash is obviously king in this environment,” Umpleby said. So the overall effect is that margins and cash flow will be higher than historically, even though the chaotic nature of the coronavirus outbreak and supply-chain disruptions will likely prevent the company from reaching its targets on those metrics. While Caterpillar has suspended share buybacks and is delaying some R&D and capital expenditure projects with less visible returns, it made the decision to continue investing in growing its services business and expanding its product offerings because it continues to view those initiatives as key to its longer-term profitability. That’s a positive sign that the coronavirus hasn’t completely zapped CEOs’ appetite for investment.UPS: The good news for the package-delivery company is that its services have never been more important as store shutdowns and fear of contagion drive more consumers to online ordering. The bad news is that the spike in sales is coming at the expense of its profit margin. Why? It’s partly due to the sporadic nature of residential deliveries, which makes the process more expensive than shipping to businesses, and also because of the increased expenses involved in keeping workers safe. The knock-on costs of the coronavirus — including the expense of doing extra cleaning and providing workers with protective gear — amounted to $140 million in the first quarter. That’s an important data point to keep in mind as companies across less essential industries start bringing people back to work. Like Caterpillar, UPS will maintain investments in strategic priorities such as automation to help bolster its longer-term profitability. An expected $1 billion reduction in capital expenditures is going to come largely from a rethink of certain facilities projects and a delay in vehicle purchases. The company is also working with its customers when it comes to investing in their supply chains as the coronavirus exposes the flaws in far-flung networks. In many cases, that's going to mean a shift to third-party order fulfillment and logistics services. This is just an acceleration of a reappraisal that began with the U.S.-China trade war, UPS CEO David Abney said on the earnings call. A lot remains unknown about the coronavirus pandemic, but the messaging from most industrial CEOs at this point has focused on staying the course, whether that means maintaining most of the workforce or following through on investment commitments. UPS's Abney may have put it best: “I don't know that we'll ever get back to what we call the old normal, but we're not ready to declare what we see today as a new normal, either.”This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Brooke Sutherland is a Bloomberg Opinion columnist covering deals and industrial companies. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Emerson Electric has significant exposure to the price of oil, but its financial position is sound and its dividend is sustainable.
Energy production matters a lot for industrial companies, particularly stock in several firms that do heavy business in the oil patch. Some are ready to bounce back.
Sales were down in the second quarter, and the Ferguson-based technology and engineering firm is bracing for an even bigger decline in the third quarter.
Emerson Electric beat Wall Street estimates for the quarter ended in March. More important, the company updated the impact from the Covid-19 pandemic.
Shares of Emerson Electric (NYSE:EMR) moved higher by 0.5% in pre-market trading after the company reported Q2 results.Quarterly Results Earnings per share increased 5.95% year over year to $0.89, which beat the estimate of $0.74.Revenue of $4,162,000,000 less by 8.93% from the same period last year, which missed the estimate of $4,310,000,000.Outlook Emerson Electric said it expects FY20 adjusted EPS of $3.00-$3.20.Details Of The Call Date: Apr 21, 2020Time: 05:02 AM ETView more earnings on EMRWebcast URL: https://78449.choruscall.com/dataconf/productusers/emr/mediaframe/37223/indexr.htmlPrice Action 52-week high: $78.3852-week low: $37.75Price action over last quarter: down 31.85%Company Profile Emerson Electric is a multi-industrial conglomerate that operates under two business platforms: Automation Solutions and Commercial and Residential Solutions. The latter is further subdivided into two operating segments: climate technologies, which sells HVAC and refrigeration products and services, as well as tools and home products, which sells tools and compressors, among other products and services. Commercial and residential solutions boasts several household brands, including Copeland, InSinkErator, and RIDGID. Automation solutions is most known for its process manufacturing solutions, which consists of measurement instrumentation, as well as valves and actuators, among other products and services. About half of the firm's geographic sales take place in the United States.See more from Benzinga * Philip Morris Intl: Q1 Earnings Insights * Computer Task Group: Q1 Earnings Insights * Recap: Steel Dynamics Q1 Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
NEW YORK, NY / ACCESSWIRE / April 21, 2020 / Emerson Electric Co. (NYSE:EMR) will be discussing their earnings results in their 2020 Second Quarter Earnings call to be held on April 21, 2020 at 9:00 AM ...
Emerson (NYSE: EMR) today reported results for the second fiscal quarter ended March 31, 2020 and announced updated guidance for the fiscal year.
As the steep declines in near term crude contract pummels energy stocks, several “oily industrial” stocks are getting hammered, too. This might be used as an opportunity to pick up some high-quality industrials at a discount.
On CNBC's "Mad Money Lightning Round," Jim Cramer said he likes Dycom Industries, Inc. (NYSE: DY). He would stick with the stock.Nucor Corporation (NYSE: NUE) is the best house in an incredibly bad neighborhood, said Cramer. Steel is something that should be sold going into a recession, Cramer said, but added that he would not sell Nucor because it has a good dividend and is solid and well-run.Emerson Electric Co. (NYSE: EMR) is a great American company, said Cramer. It is going to have a not-as-great quarter as he would like because of the exposure to oil and China. He would not sell it.Diamondback Energy Inc (NASDAQ: FANG), EOG Resources Inc (NYSE: EOG), Parsley Energy Inc (NYSE: PE), Pioneer Natural Resources (NYSE: PXD) and Chevron Corporation (NYSE: CVX) are well run enough to survive this nuclear war against oil and gas, said Cramer. He added that he hates these stocks.If we get more good news on COVID-19 treatment, people are going to buy the airline stocks, said Cramer. He would wait for Delta Air Lines, Inc. (NYSE: DAL) to trade higher on any positive news and he would sell it then because it is hard to tell how good the sector is going to be.See more from Benzinga * Cramer Gives His Opinion On Exxon, Polaris And More * Cramer Gives His Opinion Alteryx, Johnson & Johnson And More * Berkshire Hathaway Reduces Position In Delta Air Lines, Southwest Airlines(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Emerson (NYSE: EMR) announced it has signed a multi-year agreement with YPF S.A., a major Argentinian energy company, for Emerson’s exploration and production (E&P) software for seismic data interpretation and visualization. This comprehensive software portfolio gives YPF a holistic subsurface view of its reservoirs and exploration areas, leading to a collaborative and integrated seismic interpretation workflow for faster cycle-times. Emerson replaces other interpretation solutions at YPF and becomes its corporate interpretation software standard.