Franklin Electric (NASDAQ:FELE) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Franklin Electric (NASDAQ:FELE - Get Free Report) released its quarterly earnings data on Tuesday. The industrial products company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.03, Zacks reports. The business had revenue of $485.75 million during the quarter, compared to analysts' expectations of $465.87 million. Franklin Electric had a return on equity of 14.46% and a net margin of 8.92%. Franklin Electric updated its FY 2025 guidance to 4.050-4.250 EPS.

Franklin Electric Stock Down 1.7 %

Shares of NASDAQ:FELE traded down $1.76 on Friday, hitting $104.24. 233,612 shares of the company's stock were exchanged, compared to its average volume of 197,053. Franklin Electric has a 1-year low of $91.67 and a 1-year high of $111.94. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.06 and a current ratio of 2.22. The company has a market capitalization of $4.76 billion, a PE ratio of 27.08, a P/E/G ratio of 2.11 and a beta of 1.00. The firm's 50-day moving average is $99.33 and its 200 day moving average is $101.65.

Franklin Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were given a dividend of $0.265 per share. This is a boost from Franklin Electric's previous quarterly dividend of $0.25. This represents a $1.06 annualized dividend and a dividend yield of 1.02%. The ex-dividend date was Thursday, February 6th. Franklin Electric's dividend payout ratio is currently 27.53%.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird lowered their price objective on Franklin Electric from $107.00 to $105.00 and set a "neutral" rating for the company in a research report 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.