Franklin Electric (NASDAQ:FELE) Issues FY 2025 Earnings Guidance

Franklin Electric (NASDAQ:FELE - Get Free Report) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 4.050-4.250 for the period, compared to the consensus earnings per share estimate of 4.290. The company issued revenue guidance of $2.1 billion-$2.2 billion, compared to the consensus revenue estimate of $2.1 billion.

Franklin Electric Stock Down 1.7 %

FELE stock traded down $1.76 during mid-day trading on Friday, hitting $104.24. 233,612 shares of the company were exchanged, compared to its average volume of 197,053. 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 firm has a market cap of $4.76 billion, a P/E ratio of 27.08, a P/E/G ratio of 2.11 and a beta of 1.00. The firm's 50 day simple moving average is $99.33 and its 200 day simple moving average is $101.65. Franklin Electric has a 1-year low of $91.67 and a 1-year high of $111.94.

Franklin Electric (NASDAQ:FELE - Get Free Report) last announced its earnings results on Tuesday, February 18th. The industrial products company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.69 by $0.03. The firm had revenue of $485.75 million for the quarter, compared to the consensus estimate of $465.87 million. Franklin Electric had a net margin of 8.92% and a return on equity of 14.46%. On average, sell-side analysts predict that Franklin Electric will post 4.19 EPS for the current fiscal year.

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 issued a $0.265 dividend. The ex-dividend date was Thursday, February 6th. This is an increase 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 1.02%. Franklin Electric's dividend payout ratio (DPR) is 27.53%.

Analysts Set New Price Targets

Separately, Robert W. Baird lowered their price objective on shares of Franklin Electric from $107.00 to $105.00 and set a "neutral" rating on the stock in a 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.