Franklin Electric (FELE) to Release Quarterly Earnings on Tuesday

Franklin Electric (NASDAQ:FELE) is anticipated to announce its earnings results before the market opens on Tuesday, February 11th. Analysts expect the company to announce earnings of $0.67 per share and revenue of $465.87 million for the quarter.

Franklin Electric Price Performance

NASDAQ:FELE opened at $99.24 on Tuesday. The stock has a market capitalization of $4.53 billion, a PE ratio of 25.12, a price-to-earnings-growth ratio of 1.96 and a beta of 1.00. Franklin Electric has a 52 week low of $91.67 and a 52 week high of $111.94. The company has a quick ratio of 1.06, a current ratio of 2.40 and a debt-to-equity ratio of 0.01. The stock’s 50-day moving average price is $101.03 and its 200-day moving average price is $101.80.

Franklin Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th will be given a $0.265 dividend. The ex-dividend date of this dividend is Thursday, February 6th. This is a boost from Franklin Electric’s previous quarterly dividend of $0.25. This represents a $1.06 dividend on an annualized basis and a dividend yield of 1.07%. Franklin Electric’s payout ratio is 25.32%.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird dropped their price target on shares of Franklin Electric from $107.00 to $105.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th.

Franklin Electric Company Profile

Franklin Electric Co, Inc, together with its subsidiaries, designs, manufactures, and distributes water and fuel pumping systems worldwide. The company operates through Water Systems, Fueling Systems, and Distribution segments. The Water Systems segment offers submersible motors, drives, pumps, electronic controls, water treatment systems, monitoring devices, and related parts and equipment.