Q1 2018 Earnings Estimate for Eaton Co., PLC Issued By Oppenheimer (ETN)

Eaton Co., PLC (NYSE:ETN) – Stock analysts at Oppenheimer cut their Q1 2018 earnings per share estimates for Eaton in a report released on Wednesday. Oppenheimer analyst C. Glynn now forecasts that the industrial products company will earn $1.05 per share for the quarter, down from their previous estimate of $1.07. Oppenheimer currently has a “Hold” rating on the stock. Oppenheimer also issued estimates for Eaton’s Q2 2018 earnings at $1.30 EPS, Q3 2018 earnings at $1.38 EPS, Q4 2018 earnings at $1.37 EPS, FY2018 earnings at $5.10 EPS and FY2019 earnings at $5.40 EPS.

Eaton (NYSE:ETN) last announced its quarterly earnings data on Thursday, February 1st. The industrial products company reported $1.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.04. The firm had revenue of $5.21 billion during the quarter, compared to analyst estimates of $5.10 billion. Eaton had a net margin of 14.60% and a return on equity of 12.84%. The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.12 EPS.

A number of other brokerages have also weighed in on ETN. Robert W. Baird upgraded shares of Eaton from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $82.00 to $92.00 in a report on Wednesday, January 3rd. Stifel Nicolaus upgraded shares of Eaton from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $77.00 to $99.00 in a report on Sunday, February 4th. Zacks Investment Research lowered shares of Eaton from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Argus boosted their price objective on shares of Eaton from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday. Finally, ValuEngine upgraded shares of Eaton from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Three analysts have rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company. Eaton currently has a consensus rating of “Hold” and a consensus price target of $86.93.

Shares of Eaton (NYSE ETN) opened at $80.77 on Friday. The firm has a market cap of $34,990.00, a P/E ratio of 12.09, a PEG ratio of 1.83 and a beta of 1.38. The company has a quick ratio of 1.13, a current ratio of 1.65 and a debt-to-equity ratio of 0.41. Eaton has a 1-year low of $69.82 and a 1-year high of $89.85.

Institutional investors have recently modified their holdings of the business. Cable Hill Partners LLC increased its position in Eaton by 174.8% during the 3rd quarter. Cable Hill Partners LLC now owns 1,363 shares of the industrial products company’s stock valued at $105,000 after purchasing an additional 867 shares during the period. Independence Bank of Kentucky purchased a new position in Eaton during the 4th quarter valued at $118,000. Fieldpoint Private Securities LLC purchased a new position in Eaton during the 3rd quarter valued at $130,000. Murphy Capital Management Inc. purchased a new position in Eaton during the 4th quarter valued at $201,000. Finally, Montag A & Associates Inc. purchased a new position in Eaton during the 4th quarter valued at $201,000. 76.63% of the stock is currently owned by institutional investors and hedge funds.

In other Eaton news, insider Curtis J. Hutchins sold 14,360 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $78.36, for a total transaction of $1,125,249.60. Following the transaction, the insider now directly owns 26,596 shares of the company’s stock, valued at approximately $2,084,062.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Nandakumar Cheruvatath sold 10,000 shares of the business’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $77.50, for a total transaction of $775,000.00. Following the transaction, the insider now directly owns 16,571 shares in the company, valued at $1,284,252.50. The disclosure for this sale can be found here. Insiders have sold a total of 28,745 shares of company stock valued at $2,233,669 over the last quarter. 0.80% of the stock is currently owned by company insiders.

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Eaton Company Profile

Eaton Corporation (Eaton) is a diversified power management company. It is engaged in the manufacturing of electrical components and systems for power quality, distribution and control; hydraulics components, systems and services for industrial and mobile equipment; aerospace fuel, hydraulics and pneumatic systems for commercial and military use, and truck and automotive drivetrain and powertrain systems for performance, fuel economy and safety.

Earnings History and Estimates for Eaton (NYSE:ETN)

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