Franklin Electric Co., Inc. (NASDAQ:FELE) is set to announce third quarter earning results on Tuesday 27th October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, FELE to report 3Q20 income of $ 0.63 per share.
For the full year, analysts anticipate top line of $ 1209.70 million, while looking forward to income of $ 1.89 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 1.75 ~ $ 1.90 per share
Click Here For More Historical Outlooks Of Franklin Electric Co., Inc.
Previous Quarter Performance
Franklin Electric Co., Inc. announced income for the second quarter of $ 0.54 per share, from the revenue of $ 308.28 million. The quarterly earnings fell 22.86 percent compared with the same quarter last year. According to street consensus, FELE was expected to report 2Q20 income of $ 0.45 per share from revenue of $ 298.26 million. The bottom line results beat street analysts by $ 0.09 or 20.00 percent, at the same time, top line results outshined analysts by $ 10.02 million or 3.36 percent.
Stock Performance
Shares of Franklin Electric Co., Inc. traded up $ 0.59 or 0.94 percent on Friday, reaching $ 63.24 with volume of 92.80 thousand shares. Franklin Electric Co., Inc. has traded high as $ 63.79 and has cracked $ 62.55 on the downward trend
According to the previous trading day, closing price of $ 63.24, representing a 51.88 % increase from the 52 week low of $ 41.25 and a 3.85 % decrease over the 52 week high of $ 65.16.
The company has a market capital of $ 2.92 billion and is part of the Industrials sector and Diversified Industrials industry.
Recent Analyst recommendations
- On 29th September 2020, upgraded by Robert W. Baird to Outperform from Neutral rating.
Recent Stock Dividend Announcement
On July 27, 2020, the board of directors authorized quarterly dividend of $ 0.155 per share to holders of record as of the close of business on August 6, 2020, with payment date of August 20, 2020 and ex-dividend date on August 5, 2020.
Conference Call
Franklin Electric Co., Inc. will be hosting a conference call at 9:00 AM eastern time on 27th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.franklin-electric.com
Franklin Electric Co., Inc., together with its subsidiaries, designs, manufactures, and distributes water and fuel pumping systems worldwide. It operates in three segments: Water Systems, Fueling Systems, and Distribution. The Water Systems segment offers submersible motors, pumps, drives, electronic controls, monitoring devices, and related parts and equipment.
