Franklin Electric (NASDAQ:FELE - Get Free Report) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided EPS guidance of 3.750-3.850 for the period, compared to the consensus EPS estimate of 4.200. The company issued revenue guidance of $2.0 billion-$2.0 billion, compared to the consensus revenue estimate of $2.1 billion. Franklin Electric also updated its FY24 guidance to $3.75-3.85 EPS.
Franklin Electric Stock Down 6.3 %
NASDAQ FELE traded down $6.46 during mid-day trading on Tuesday, hitting $96.09. The company's stock had a trading volume of 267,029 shares, compared to its average volume of 174,736. The company has a current ratio of 2.65, a quick ratio of 1.14 and a debt-to-equity ratio of 0.07. The company's 50 day simple moving average is $101.99 and its 200 day simple moving average is $100.22. Franklin Electric has a twelve month low of $84.20 and a twelve month high of $108.39. The firm has a market capitalization of $4.43 billion, a price-to-earnings ratio of 25.51, a PEG ratio of 2.02 and a beta of 0.95.
Franklin Electric Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 7th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $1.00 annualized dividend and a dividend yield of 1.04%. Franklin Electric's payout ratio is 24.88%.
Insider Buying and Selling at Franklin Electric
In related news, insider Gregg C. Sengstack sold 5,396 shares of the business's stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $106.64, for a total transaction of $575,429.44. Following the transaction, the insider now directly owns 98,093 shares in the company, valued at approximately $10,460,637.52. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.72% of the company's stock.
About Franklin Electric
(
Get Free Report)
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.
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