Franklin Electric (FELE) Projected to Post Quarterly Earnings on Tuesday

Franklin Electric (NASDAQ:FELE) will likely be issuing its quarterly earnings data before the market opens on Tuesday, February 18th. Analysts expect the company to announce earnings of $0.69 per share and revenue of $465.87 million for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Franklin Electric Trading Down 0.9 %

Shares of FELE opened at $99.98 on Monday. Franklin Electric has a twelve month low of $91.67 and a twelve month high of $111.94. The company has a market cap of $4.57 billion, a P/E ratio of 25.31, a P/E/G ratio of 1.97 and a beta of 1.00. The company has a current ratio of 2.40, a quick ratio of 1.06 and a debt-to-equity ratio of 0.01. The company’s fifty day simple moving average is $99.54 and its 200-day simple moving average is $101.56.

Franklin Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th will be paid a $0.265 dividend. The ex-dividend date is Thursday, February 6th. This represents a $1.06 annualized dividend and a dividend yield of 1.06%. This is an increase from Franklin Electric’s previous quarterly dividend of $0.25. Franklin Electric’s dividend payout ratio is currently 26.84%.

Wall Street Analyst Weigh In

Separately, Robert W. Baird reduced their target price 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.

About Franklin Electric

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.