For its second fiscal quarter (ending June 30), Franklin Electric Co Inc (NASDAQ: FELE) has reported a -1% decline in E.P.S. from $1.29 a year ago to $1.28 in the current quarter. This performance was $-0.02 short of the consensus estimate of $1.30. For the latest four quarters through June 30, E.P.S. were $4.07 compared to $4.20 a year ago — a decline of -3%.
Recent Price Action
On 7/23/24, Franklin Electric Co Inc (NASDAQ: FELE) stock declined by -4.3%, closing at $99.82. Moreover, this decline was accompanied by unusually high trading volume at 191% of normal. The stock has performed in line with the market over the last nine months and has declined -1.1% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, FELE is expected to continue to be an important Value Builder.
Franklin Electric has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Franklin Electric has a poor Appreciation Score of 24 but a neutral Power Rating of 55, resulting in the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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