What is Zacks Research's Estimate for Eaton Q4 Earnings?

Eaton Co. plc (NYSE:ETN - Free Report) - Zacks Research decreased their Q4 2024 EPS estimates for Eaton in a report issued on Wednesday, November 13th. Zacks Research analyst J. Saha now anticipates that the industrial products company will post earnings per share of $2.79 for the quarter, down from their prior forecast of $2.80. The consensus estimate for Eaton's current full-year earnings is $10.79 per share. Zacks Research also issued estimates for Eaton's Q1 2025 earnings at $2.70 EPS, FY2025 earnings at $11.98 EPS, Q3 2026 earnings at $3.47 EPS and FY2026 earnings at $13.47 EPS.

Eaton (NYSE:ETN - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The industrial products company reported $2.84 earnings per share for the quarter, topping analysts' consensus estimates of $2.80 by $0.04. The company had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.37 billion. Eaton had a net margin of 15.32% and a return on equity of 21.97%. Eaton's revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.47 earnings per share.

ETN has been the topic of several other research reports. Wolfe Research raised shares of Eaton from an "underperform" rating to a "peer perform" rating in a research note on Friday, September 6th. Morgan Stanley started coverage on shares of Eaton in a research report on Friday, September 6th. They issued an "overweight" rating and a $370.00 target price for the company. Royal Bank of Canada reissued an "outperform" rating and issued a $374.00 target price on shares of Eaton in a research report on Friday, November 1st. Raymond James lowered their price objective on shares of Eaton from $375.00 to $365.00 and set an "outperform" rating for the company in a research report on Monday, September 9th. Finally, Barclays lowered their price objective on shares of Eaton from $327.00 to $320.00 and set an "equal weight" rating for the company in a research report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, Eaton has a consensus rating of "Moderate Buy" and a consensus price target of $357.83.

Eaton Stock Down 0.4 %

Shares of NYSE:ETN traded down $1.48 during midday trading on Monday, hitting $357.51. 1,059,690 shares of the company's stock traded hands, compared to its average volume of 2,108,045. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.00 and a current ratio of 1.53. The company has a market cap of $141.29 billion, a PE ratio of 38.19, a P/E/G ratio of 2.85 and a beta of 1.01. The firm's fifty day moving average price is $335.82 and its two-hundred day moving average price is $321.44. Eaton has a twelve month low of $224.52 and a twelve month high of $373.49.

Eaton Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Monday, November 4th will be paid a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend is Monday, November 4th. Eaton's dividend payout ratio is 40.00%.

Insider Buying and Selling

In related news, insider Michael Yelton sold 3,136 shares of the business's stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $303.12, for a total transaction of $950,584.32. Following the transaction, the insider now directly owns 3,914 shares in the company, valued at approximately $1,186,411.68. The trade was a 44.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Karenann K. Terrell purchased 500 shares of the firm's stock in a transaction that occurred on Wednesday, August 21st. The stock was bought at an average price of $298.97 per share, for a total transaction of $149,485.00. Following the purchase, the director now owns 500 shares in the company, valued at $149,485. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders sold 68,705 shares of company stock worth $24,516,346 in the last quarter. 0.53% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Eaton

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Hobbs Group Advisors LLC increased its stake in shares of Eaton by 14.0% in the third quarter. Hobbs Group Advisors LLC now owns 358 shares of the industrial products company's stock valued at $119,000 after buying an additional 44 shares during the period. Sunbelt Securities Inc. lifted its holdings in shares of Eaton by 9.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 2,572 shares of the industrial products company's stock worth $852,000 after purchasing an additional 225 shares in the last quarter. Brown Financial Advisors bought a new position in shares of Eaton in the 3rd quarter worth $1,001,000. Coldstream Capital Management Inc. lifted its holdings in shares of Eaton by 19.5% in the 3rd quarter. Coldstream Capital Management Inc. now owns 10,828 shares of the industrial products company's stock worth $3,615,000 after purchasing an additional 1,770 shares in the last quarter. Finally, Orion Capital Management LLC lifted its holdings in shares of Eaton by 4.3% in the 3rd quarter. Orion Capital Management LLC now owns 2,423 shares of the industrial products company's stock worth $803,000 after purchasing an additional 100 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

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.