Company Update: Emerson Electric (NYSE:EMR) – Emerson Schedules Webcast for Third-Quarter 2016 Results

[Business Wire] – Emerson will report its third-quarter 2016 results prior to market open on Tuesday, August 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) , currently valued at $35.38B, started trading this morning at $54.09. Looking at the equity, the company’s one day range is $54.09 to $55.14 with a trailing 52-week range being $41.25 to $56.82. EMR shares are currently priced at 17.50x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 19.07x earnings multiple. And for dividend hunters, the company pays shareholders $1.90 per share annually in dividends, yielding 3.56%. According to a consensus of 23 analysts, the earnings estimate of $0.85 per share would be $0.01 better than the year-ago quarter and a $0.01 sequential increase. Investors should also note that the full-year EPS estimate of $3.08 is a $0.09 setback when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $5.34 Billion. If realized, that would be a 2.91% 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. Investors should keep in mind is that the average price target is $53.26, which is 1.53% below where the stock opened this morning. See more in (NYSE:EMR) Similar Articles: Market Update: Emerson Electric (NYSE:EMR) – Emerson Reports Second Quarter 2016 Results 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