Eaton Corp Plc (NYSE: ETN) has reported earnings for its third fiscal quarter (ending September 30) of $2.54 versus $2.23 for the same period a year ago — an increase of 14%. For the latest four quarters through September 30, E.P.S. were $9.45 compared to $7.51 a year ago — an increase of 26%.
Recent Price Action
Eaton Corp Plc (NYSE: ETN) stock declined by -3.3% on 10/31/24. The shares closed at $331.58. Moreover, this decline was accompanied by exceptionally high trading volume at 206% of normal. The stock has declined -3.9% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, ETN is expected to continue to be a major Value Builder.
Eaton has a current Value Trend Rating of D (Negative). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Eaton has a poor Appreciation Score of 15 but a slightly positive Power Rating of 65, producing 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.
Be the first to comment