Company Update (NYSE:EMR): Emerson Schedules Webcast for First-Quarter 2016 Results

[Business Wire] – Emerson will report its first-quarter 2016 results prior to market open on Tuesday, February 2, 2016. Emerson senior management will discuss the results during an investor conference call that same day, beginning at 2:00 p.m. Read more on this. Emerson Electric Co. (EMR) , with a current market cap of $28.84B, opened this morning at $44.28. Looking at today’s market, EMR one day range is $43.63 to $44.76 with its 52-week range being $42.21 to $62.75. Emerson Electric (EMR) shares are currently priced at 14.36x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 14.37x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $1.90 per share annually in dividends, yielding 4.31%. In a review of the consensus earnings estimate this quarter, 24 sell-side analysts are looking at $0.51 per share, which would be $0.24 worse than the year-ago quarter and a $0.11 sequential decrease. The full-year EPS estimate is $3.05, which would be a $0.12 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $4.65 Billion. If reported, that would be a 16.82% decrease over the year-ago quarter. In terms of ratings, Societe Generale downgraded EMR from Buy to Hold (Nov 5, 2015). Previously, Sterne Agee CRT Initiated EMR at to Neutral. The average price target for EMR shares is $50.18, which is 13.32% above where the stock opened this morning. See more in (NYSE:EMR) Similar Articles: Company Update (NYSE:EMR): Emerson Schedules Webcast for Fourth-Quarter and Fiscal 2015 Results Market Update: Emerson Electric (NYSE:EMR) – Emerson Sells InterMetro Business to Ali Group Stock Update (NYSE:EMR): Emerson Schedules Webcast for Third-Quarter 2015 Results