Emerson Electric Co. (NYSE: EMR) has reported earnings for its third fiscal quarter (ending June 30) of $0.60 versus $1.12 for the same period a year ago — a decline of -46%. This result fell short of the consensus estimate of $1.41 by $-0.81. For the latest four quarters through June 30, E.P.S. were $3.08 versus $3.43 for the same period a year ago — a decline of -10%.
Recent Price Action
On 8/7/24, Emerson Electric Co. (NYSE: EMR) stock suffered a large decline of -7.6%, closing at $99.54. Moreover, trading volume in this decline was exceptionally high at 319% of normal. Relative to the market the stock has been strong over the last nine months but has declined -14.0% during the last week.
Current PriceTarget Research Rating
EMR is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Emerson Electric Co has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects complementary signals from PTR’s two proprietary measures of a stock’s attractiveness. Emerson Electric Co has a slightly positive Appreciation Score of 68 and a very high Power Rating of 87, leading to the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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