|Bid||0.00 x 1200|
|Ask||0.00 x 1000|
|Day's Range||60.12 - 61.23|
|52 Week Range||37.75 - 78.38|
|Beta (5Y Monthly)||1.52|
|PE Ratio (TTM)||17.23|
|Earnings Date||Aug. 04, 2020|
|Forward Dividend & Yield||2.00 (3.28%)|
|Ex-Dividend Date||May 14, 2020|
|1y Target Est||58.16|
Emerson Electric (EMR) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Emerson (NYSE: EMR), a global engineering and technology company, today announced it will invest more than $100 million in Boulder to significantly expand its manufacturing space and launch a new innovation center focused on research, new product development and industry training for its advanced flow measurement products.
(Bloomberg Opinion) -- With the coronavirus pandemic turning the world’s economy upside down, analysts and investors have a lot of questions, and companies are doing their best to answer them. So if it feels like earnings calls were extra long these past few weeks, that’s because they were. Among the 29 members of the Dow Jones Industrial Average who normally have earnings calls and have held one since the beginning of March, 22 companies ran longer than usual by an average of about 10 minutes.Johnson & Johnson executives were the most verbose, with the company’s April 14 earnings call stretching about 1 hour and 43 minutes. That was nearly 26 minutes longer than the average of Johnson & Johnson’s previous four earnings calls. Even Walmart Inc., which doesn’t consistently hold public earnings calls, held an hour-long one on Tuesday to discuss first-quarter results. Analysts are generally grateful to have the extra information, but they, too, are noticing the longer calls. “Sorry, I was just fixing myself some dinner,” joked JPMorgan Chase & Co. analyst Steve Tusa in the middle of Emerson Electric Co.’s April 21 earnings call, which took place in the morning but stretched on a bit. “This is a pretty comprehensive conference call you’re having here.” Emerson, which isn’t a member of the Dow, included presentations by its major business heads as well as the CEO, CFO and company president. All told, the call lasted more than 2 hours, about 45 minutes longer than the recent average. It’s probably wise to stockpile snacks ahead of the next round of calls in July. This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Brooke Sutherland is a Bloomberg Opinion columnist covering deals and industrial companies. She previously wrote an M&A column for Bloomberg News.Elaine He is Bloomberg Opinion's data visualization columnist in Europe, focusing on business and markets coverage. Before joining Bloomberg, she was a graphics editor at the Wall Street Journal and the New York Times.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
What did Emerson really tell investors when it reduced its full-year guidance? Here's a look at the math that shows just how bad things are.
The board of directors of Emerson (NYSE: EMR) today declared the regular quarterly cash dividend of fifty cents ($0.50) per share of common stock payable June 10, 2020 to stockholders of record May 15, 2020.
(Bloomberg Opinion) -- Tuesday was a jam-packed day for earnings across all sectors. In the industrial landscape, I paid closest attention to 3M Co., Caterpillar Inc. and United Parcel Service Inc., each a bellwether in its own right. You can find the specifics on earnings numbers in the companies’ news releases here, here and here, but in this time of unprecedented volatility, what CEOs are saying about how they are running their businesses is more telling. Here are my top takeaways:3M: Like many companies, 3M has suspended its 2020 guidance given the unpredictable nature of the coronavirus outbreak and rolling economic shutdowns, but in an effort to provide more transparency, the maker of Post-it notes is now going to provide monthly sales updates — broken down by geography and business segment — for the foreseeable future. This follows Emerson Electric Co.’s marathon two-hour-plus earnings call last week that featured presentations by not only the CEO and CFO but also the heads of its main business divisions. It’s nice to see companies setting the bar high on disclosures during this period of upheaval; hopefully others follow suit. The second quarter is expected to bring the worst of the virus impact, and 3M is cutting $350 million to $400 million of costs in the period to adjust to lower demand. Notably, however, much of that involves discretionary spending on things like travel, external services and advertising, rather than cuts to payroll, which 3M says it’s trying to minimize. It’s using furloughs, but they’re paid leaves, and in other cases, employees are being asked to take vacation. Bear in mind that 3M had announced a restructuring plan in January, separate from the coronavirus, that would see it eliminate some 1,500 jobs, so it’s hardly a corporate saint. But given its sales of N95 respirators, you’d be hard-pressed to find a company that better understands the toll the virus is taking, and 3M seems to legitimately want to to do the right thing by its workforce. Like others in the industrial sector, the company also appears wary of cutting too deep and being unprepared for an eventual recovery. 3M is clearly conscious of its image after having its name dragged through the mud by President Donald Trump and billionaire Mark Cuban over production and sales of N95 respirators. The company devoted an entire slide in its earnings presentation to the topic. 3M has already doubled global N95 output to 100 million per month and is investing in capacity to double that yet again; it’s directed 90% of production to health-care workers, with the remainder going to other critical industries such as food production; and the company has cut loose some distributors who acted “unethically” and is pursuing numerous lawsuits amid allegations of price gouging. The company also made a point of highlighting its 76 plants and distribution centers across the U.S. in an apparent nod toward calls for a revival of America’s manufacturing might. “3M has never left our home country,” CEO Michael Roman said on the call. CATERPILLAR : The maker of bulldozers and backhoes is also holding off on sweeping job cuts, and it made an interesting argument as to why that’s the case. Caterpillar held headcount as well as administrative, manufacturing and research spending relatively flat from 2016 to 2019, even as sales increased some 40%. That means there’s less to cut when a downturn hits, CEO Jim Umpleby said on a call to discuss the company’s first-quarter results. It also means Caterpillar doesn’t have to use up cash to pay out large amounts of severance, and “cash is obviously king in this environment,” Umpleby said. So the overall effect is that margins and cash flow will be higher than historically, even though the chaotic nature of the coronavirus outbreak and supply-chain disruptions will likely prevent the company from reaching its targets on those metrics. While Caterpillar has suspended share buybacks and is delaying some R&D and capital expenditure projects with less visible returns, it made the decision to continue investing in growing its services business and expanding its product offerings because it continues to view those initiatives as key to its longer-term profitability. That’s a positive sign that the coronavirus hasn’t completely zapped CEOs’ appetite for investment.UPS: The good news for the package-delivery company is that its services have never been more important as store shutdowns and fear of contagion drive more consumers to online ordering. The bad news is that the spike in sales is coming at the expense of its profit margin. Why? It’s partly due to the sporadic nature of residential deliveries, which makes the process more expensive than shipping to businesses, and also because of the increased expenses involved in keeping workers safe. The knock-on costs of the coronavirus — including the expense of doing extra cleaning and providing workers with protective gear — amounted to $140 million in the first quarter. That’s an important data point to keep in mind as companies across less essential industries start bringing people back to work. Like Caterpillar, UPS will maintain investments in strategic priorities such as automation to help bolster its longer-term profitability. An expected $1 billion reduction in capital expenditures is going to come largely from a rethink of certain facilities projects and a delay in vehicle purchases. The company is also working with its customers when it comes to investing in their supply chains as the coronavirus exposes the flaws in far-flung networks. In many cases, that's going to mean a shift to third-party order fulfillment and logistics services. This is just an acceleration of a reappraisal that began with the U.S.-China trade war, UPS CEO David Abney said on the earnings call. A lot remains unknown about the coronavirus pandemic, but the messaging from most industrial CEOs at this point has focused on staying the course, whether that means maintaining most of the workforce or following through on investment commitments. UPS's Abney may have put it best: “I don't know that we'll ever get back to what we call the old normal, but we're not ready to declare what we see today as a new normal, either.”This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Brooke Sutherland is a Bloomberg Opinion columnist covering deals and industrial companies. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Emerson Electric has significant exposure to the price of oil, but its financial position is sound and its dividend is sustainable.
Emerson Electric (EMR) delivered earnings and revenue surprises of 17.11% and -4.55%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Emerson's (EMR) second-quarter fiscal 2020 revenues decline 9% year over year on decreased demand, particularly in March, owing to the coronavirus outbreak.
NEW YORK, NY / ACCESSWIRE / April 21, 2020 / Emerson Electric Co. (NYSE:EMR) will be discussing their earnings results in their 2020 Second Quarter Earnings call to be held on April 21, 2020 at 9:00 AM ...
Emerson (NYSE: EMR) today reported results for the second fiscal quarter ended March 31, 2020 and announced updated guidance for the fiscal year.
Emerson's (EMR) Q2 earnings are likely to have gained from solid key process and hybrid end markets despite weak global discrete manufacturing market and coronavirus-led issues.
Emerson (NYSE: EMR) announced it has signed a multi-year agreement with YPF S.A., a major Argentinian energy company, for Emerson’s exploration and production (E&P) software for seismic data interpretation and visualization. This comprehensive software portfolio gives YPF a holistic subsurface view of its reservoirs and exploration areas, leading to a collaborative and integrated seismic interpretation workflow for faster cycle-times. Emerson replaces other interpretation solutions at YPF and becomes its corporate interpretation software standard.
Emerson Electric (EMR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Emerson (NYSE: EMR) will report its second quarter results prior to market open on Tuesday, April 21, 2020. Emerson senior management will discuss the results during an investor conference call that same day, beginning at 9:00 a.m. Eastern Time, 8:00 a.m. Central Time.
Emerson’s (NYSE: EMR) Plantweb™ digital ecosystem, which enables manufacturers to realize the benefits of digital transformation, has been named a 2020 Edison Awards winner in the Innovative Services category. The award recognizes Plantweb’s expertise, consulting and IIoT-powered services capabilities that leverage decades of technology leadership, enabling Emerson to partner with companies to develop and implement effective digital transformation initiatives. The Edison Awards, named after inventor Thomas Alva Edison, recognize and honor the world’s best innovations that are at the forefront of new product and service development, marketing and human-centered design.
Emerson (NYSE: EMR) today announced it has completed the purchase of American Governor Company, a leader in technologies and services for hydroelectric turbine controls. The addition of American Governor builds on Emerson’s technology capabilities and expertise in the renewables and power industry.
Emerson (NYSE: EMR), a leader in heating, ventilation and air conditioning (HVAC) solutions, today was named a 2020 ENERGY STAR® Partner of the Year for its top-rated Sensi™ smart thermostat suite. Sensi is the first smart thermostat brand to receive this honor.
Emerson's (EMR) Micro Motion ProcessViz software solution supports its Micro Motion transmitters to provide plant operators with a snapshot of the flow process.
Emerson's (EMR) buyout of Verdant will enable it to boost portfolio of thermostat and sustainability solutions for the hotel and hospitality industries.
Emerson (NYSE: EMR) today announced it has completed the purchase of Verdant, a leader in energy management solutions for the hotel and hospitality industries. The addition of Verdant broadens Emerson’s growing energy management and optimization capabilities for residential and commercial applications.