For its second fiscal quarter (ending June 30), Eaton Corp Plc (NYSE: ETN) has reported E.P.S. of $2.49 compared to $1.86 a year ago. For the latest four quarters through June 30, E.P.S. were $9.14 compared to $6.80 a year ago.
Recent Price Action
Eaton Corp Plc (NYSE: ETN) stock closed at $297.88 on 8/1/24 after a decline of -2.3%. Moreover, this decline was accompanied by exceptionally high trading volume at 222% of normal. The stock has declined -0.6% during the last week but has been exceptionally 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 C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Eaton has a poor Appreciation Score of 15 but a very high Power Rating of 88, producing the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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