Emerson Electric Co. (NYSE:EMR) traded at $113.70 at close of the session on Tuesday, May 21, remained unchanged from its previous day’s price.
Looking at the stock we see that its previous close was $113.70 . The company has a trailing 12-month PE ratio of 536.83. In terms of its 52-week price range, EMR has a high of $116.76 and a low of $76.94. The company’s stock has gained about 4.67% over that past 30 days.
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Emerson Electric Co. has a market cap of $65.05 billion. With its Forward Dividend at 2.10 and a yield of 1.84%, the company’s investors could be anxious for the EMR stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $1.41, with the EPS growth for the year raised at $5.47 for 2024 and $6.01 for next year. These figures represent 23.20% and 9.90% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $4.43 billion, with a low of $4.4 billion and a high of $4.49 billion. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $17.56 billion, or 15.80% up from figures reported last year.
On the other hand, looking at the outlook for the EMR stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Looking further, we note that the PEG ratio for the EMR stock currently stands at 39.84, and the current price level is 2.59% off its SMA20 and 1.98% from its 50-day simple moving average. The RSI (14) is pointing at 58.91 while the volatility over the past week is 1.09% and jumps to 1.88% over the past one month. The beta value is 1.33, while the average true range (ATR) is currently pointing at 1.92.
Coming back to Emerson Electric Co. (NYSE:EMR), we note that the average 3-month trading volume was 2.63 million. Current shares outstanding are 572.00 million.
The insiders hold 0.40% of the company’s shares while institutions hold 77.31%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 16.82% up in year-to-date price movement.
