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Company Update: Emerson Electric (NYSE:EMR) – Emerson to Automate Waste-to-Energy Plant That Will Help UK Meet European Renewable Energy Targets

[Business Wire] – Emerson will provide control systems and project services for a new waste-to-energy power plant near Knaresborough Allerton, North Yorkshire, UK. Read more on this. Emerson Electric Co. (EMR) , valued at $33.77B, began trading this morning at $53.35. Today’s price range has been between $52.47 and $53.36 per share and has traded between $41.25 and $62.75 over the past 12 months. Emerson Electric (EMR) shares are currently priced at 17.25x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s -9.75x earnings multiple for the same period. The company pays shareholders $1.90 per share annually in dividends, yielding 3.56%. In a review of the consensus earnings estimate this quarter, 23 sell-side analysts are looking at $0.85 per share, which would be $0.01 better than the year-ago quarter and a $0.01 sequential increase. What we find to be interesting is that the full-year EPS estimate of $3.09 is a $0.08 worse when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $5.35 Billion. If reported, that would be a 2.73% decrease over the year-ago quarter. In terms of ratings, Standpoint Research downgraded EMR from Buy to Hold (Feb 29, 2016). Previously, Standpoint Research upgraded EMR from Hold to Buy. With the above information in mind, readers should note that the average price target is $53.35, which is 0.00% below where the stock opened this morning. See more in (NYSE:EMR) Similar Articles: Company Update: Emerson Electric (NYSE:EMR) – Emerson Invests in Innovation to Solve Some of the World’s Biggest Heating and Cooling Challenges Company Update: Emerson Electric (NYSE:EMR) – Emerson Announces Mike Train Will Lead Reshaped Automation Solutions Business Company Update: Emerson Electric (NYSE:EMR) – Emerson Declares Dividend
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