Eaton (ETN) Expected to Announce Earnings on Friday

Eaton (NYSE:ETN - Get Free Report) will likely be issuing its Q1 2025 quarterly earnings data before the market opens on Friday, May 2nd. Analysts expect the company to announce earnings of $2.70 per share and revenue of $6.26 billion for the quarter. Eaton has set its Q1 2025 guidance at 2.650-2.750 EPS and its FY 2025 guidance at 11.800-12.200 EPS.

Eaton (NYSE:ETN - Get Free Report) last announced its quarterly earnings data on Friday, January 31st. The industrial products company reported $2.83 earnings per share for the quarter, topping analysts' consensus estimates of $2.82 by $0.01. Eaton had a return on equity of 22.62% and a net margin of 15.25%. During the same quarter last year, the firm earned $2.55 EPS. On average, analysts expect Eaton to post $12 EPS for the current fiscal year and $14 EPS for the next fiscal year.

Eaton Price Performance

Shares of NYSE:ETN traded up $11.73 on Thursday, reaching $287.39. 2,751,088 shares of the company were exchanged, compared to its average volume of 2,629,968. The company has a 50-day moving average of $282.03 and a 200-day moving average of $323.63. The company has a current ratio of 1.50, a quick ratio of 0.96 and a debt-to-equity ratio of 0.46. The firm has a market cap of $112.59 billion, a price-to-earnings ratio of 30.25, a price-to-earnings-growth ratio of 2.64 and a beta of 1.09. Eaton has a 1-year low of $231.85 and a 1-year high of $379.99.

Eaton Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Monday, May 5th will be given a dividend of $1.04 per share. The ex-dividend date is Monday, May 5th. This represents a $4.16 annualized dividend and a yield of 1.45%. Eaton's payout ratio is currently 43.79%.

Hedge Funds Weigh In On Eaton

A hedge fund recently raised its stake in Eaton stock. Brighton Jones LLC lifted its stake in shares of Eaton Co. plc (NYSE:ETN - Free Report) by 1.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,341 shares of the industrial products company's stock after acquiring an additional 45 shares during the period. Brighton Jones LLC's holdings in Eaton were worth $1,109,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 82.97% of the company's stock.

Analyst Upgrades and Downgrades

ETN has been the topic of several research analyst reports. Citigroup decreased their price target on Eaton from $396.00 to $323.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Melius downgraded Eaton from a "buy" rating to a "hold" rating and set a $373.00 target price on the stock. in a research report on Tuesday, January 28th. JPMorgan Chase & Co. cut their price target on Eaton from $350.00 to $289.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Evercore ISI decreased their price objective on shares of Eaton from $382.00 to $326.00 and set an "in-line" rating on the stock in a research report on Wednesday, February 19th. Finally, StockNews.com downgraded shares of Eaton from a "buy" rating to a "hold" rating in a report on Tuesday. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, Eaton presently has a consensus rating of "Moderate Buy" and an average price target of $350.22.

About Eaton

Eaton Corporation plc operates as a power management company worldwide. The company's Electrical Americas and Electrical Global segment provides electrical components, industrial components, power distribution and assemblies, residential products, single and three phase power quality and connectivity products, wiring devices, circuit protection products, utility power distribution products, power reliability equipment, and services, as well as hazardous duty electrical equipment, emergency lighting, fire detection, explosion-proof instrumentation, and structural support systems.