nVent Electric (NVT) Scheduled to Post Quarterly Earnings on Friday

nVent Electric (NYSE:NVT - Get Free Report) is scheduled to announce its earnings results before the market opens on Friday, November 1st. Analysts expect the company to announce earnings of $0.81 per share for the quarter. Persons interested in listening to the company's earnings conference call can do so using this link.

nVent Electric (NYSE:NVT - Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.01). nVent Electric had a net margin of 16.59% and a return on equity of 17.21%. The company had revenue of $880.30 million during the quarter, compared to the consensus estimate of $892.89 million. During the same quarter last year, the business earned $0.77 earnings per share. The company's revenue was up 9.6% on a year-over-year basis. On average, analysts expect nVent Electric to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

nVent Electric Price Performance

NYSE:NVT traded down $0.80 during midday trading on Friday, hitting $73.34. 1,141,195 shares of the stock were exchanged, compared to its average volume of 1,525,423. The business has a 50-day moving average price of $68.73 and a two-hundred day moving average price of $73.16. The company has a current ratio of 2.17, a quick ratio of 1.49 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $12.18 billion, a price-to-earnings ratio of 21.38, a P/E/G ratio of 1.50 and a beta of 1.27. nVent Electric has a one year low of $45.60 and a one year high of $86.57.

nVent Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, October 18th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend is Friday, October 18th. nVent Electric's dividend payout ratio is presently 22.16%.

Wall Street Analyst Weigh In

NVT has been the topic of a number of research analyst reports. Royal Bank of Canada lowered their target price on nVent Electric from $88.00 to $82.00 and set an "outperform" rating on the stock in a report on Wednesday, August 7th. Barclays lowered their price objective on shares of nVent Electric from $87.00 to $86.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 2nd. Finally, KeyCorp increased their target price on shares of nVent Electric from $80.00 to $84.00 and gave the company an "overweight" rating in a research note on Monday, October 14th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $85.67.

Insider Buying and Selling

In other news, EVP Lynnette R. Heath sold 8,242 shares of nVent Electric stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $60.26, for a total value of $496,662.92. Following the transaction, the executive vice president now directly owns 30,432 shares of the company's stock, valued at $1,833,832.32. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Michael B. Faulconer sold 20,004 shares of the company's stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $63.34, for a total transaction of $1,267,053.36. Following the transaction, the insider now directly owns 19,766 shares of the company's stock, valued at approximately $1,251,978.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Lynnette R. Heath sold 8,242 shares of the stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $60.26, for a total value of $496,662.92. Following the completion of the sale, the executive vice president now directly owns 30,432 shares of the company's stock, valued at approximately $1,833,832.32. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by company insiders.

nVent Electric Company Profile

nVent Electric plc, together with its subsidiaries, designs, manufactures, markets, installs, and services electrical connection and protection solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company operates through three segments: Enclosures, Electrical & Fastening Solutions, and Thermal Management.