Franklin Electric Co Inc (NASDAQ: FELE) has reported earnings for its first fiscal quarter (ending March 31) of $0.71 versus $0.81 for the same period a year ago — a decline of -12%. This performance was $-0.14 short of the consensus estimate of $0.85. E.P.S. were $4.08 for the latest four quarters through March 31 versus $4.19 for the same period a year ago — a decline of -3%.
Recent Price Action
Franklin Electric Co Inc (NASDAQ: FELE) stock suffered a large decline of -6.8% on 4/30/24. The stock closed at $96.27. Moreover, exceptionally high trading volume at 251% of normal accompanied the decline. The stock has been strong relative to the market over the last nine months but has declined -5.7% during the last week.
Current PriceTarget Research Rating
FELE is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
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 53, 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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