Company Update: Eaton Corporation plc (NYSE:ETN) – Eaton to Announce Second Quarter 2016 Earnings on August 2, 2016

[Business Wire] – Power management company Eaton will announce second quarter 2016 earnings on Tuesday, August 2, 2016, before the opening of the New York Stock Exchange. The company will host a conference call at 10 a.m. Read more on this. Eaton Corporation plc (ETN) , currently valued at $29.01B, began trading this morning at $62.93. Looking at the equity, the company’s one day range is $62.64 to $63.60 with its 52-week range being $46.19 to $66.61. Priced at 14.58x this year’s forecasted earnings, ETN shares are relatively expensive compared to the industry’s 10.52x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $2.28 per share annually in dividends, yielding 3.68%. According to a consensus of 23 analysts, the earnings estimate of $1.07 per share would be $0.09 worse than the year-ago quarter and a $0.00 sequential decrease. Investors should also note that the full-year EPS estimate of $4.28 is a $0.02 worse when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $5.06 Billion. If reported, that would be a 5.77% decrease over the year-ago quarter. Recently, Longbow downgraded ETN from Buy to Neutral (Apr 4, 2016). Previously, Standpoint Research downgraded ETN from Buy to Hold. The average price target for ETN shares is $64.91, which is 3.15% above where the stock opened this morning. See more in (NYSE:ETN) Similar Articles: Company Update (NYSE:ETN): Eaton to Participate in Bernstein’s Strategic Decisions Conference June 2, 2016 Stock Update (NYSE:ETN): Eaton First Quarter Operating Earnings Per Share of $0.88, Above Midpoint of Guidance Stock Update: Eaton Corporation plc (NYSE:ETN) – Eaton Declares Quarterly Dividend Payable May 20, 2016