Eaton (ETN) Projected to Post Quarterly Earnings on Friday

Eaton (NYSE:ETN - Get Free Report) is expected to be issuing its Q1 2025 quarterly earnings data before the market opens on Friday, May 2nd. Analysts expect the company to announce earnings of $2.70 per share and revenue of $6.26 billion for the quarter. Eaton has set its Q1 2025 guidance at 2.650-2.750 EPS and its FY 2025 guidance at 11.800-12.200 EPS.

Eaton (NYSE:ETN - Get Free Report) last announced its earnings results on Friday, January 31st. The industrial products company reported $2.83 EPS for the quarter, beating the consensus estimate of $2.82 by $0.01. Eaton had a return on equity of 22.62% and a net margin of 15.25%. During the same period in the previous year, the firm earned $2.55 EPS. On average, analysts expect Eaton to post $12 EPS for the current fiscal year and $14 EPS for the next fiscal year.

Eaton Trading Up 0.7 %

ETN stock traded up $1.89 during trading on Friday, hitting $288.91. The company had a trading volume of 2,177,225 shares, compared to its average volume of 2,630,169. The business has a 50-day moving average of $281.54 and a 200-day moving average of $323.11. Eaton has a one year low of $231.85 and a one year high of $379.99. The stock has a market cap of $113.19 billion, a PE ratio of 30.41, a PEG ratio of 2.64 and a beta of 1.09. The company has a current ratio of 1.50, a quick ratio of 0.96 and a debt-to-equity ratio of 0.46.

Eaton Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Monday, May 5th will be issued a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 1.44%. The ex-dividend date is Monday, May 5th. Eaton's payout ratio is presently 43.79%.

Hedge Funds Weigh In On Eaton

A hedge fund recently raised its stake in Eaton stock. Revolve Wealth Partners LLC grew its holdings in shares of Eaton Co. plc (NYSE:ETN - Free Report) by 17.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 913 shares of the industrial products company's stock after purchasing an additional 136 shares during the quarter. Revolve Wealth Partners LLC's holdings in Eaton were worth $303,000 at the end of the most recent reporting period. Institutional investors own 82.97% of the company's stock.

Analysts Set New Price Targets

ETN has been the topic of a number of research analyst reports. Royal Bank of Canada cut their price target on Eaton from $405.00 to $376.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. Melius cut Eaton from a "buy" rating to a "hold" rating and set a $373.00 price target on the stock. in a report on Tuesday, January 28th. Wells Fargo & Company cut their price target on Eaton from $335.00 to $305.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 5th. Jefferies Financial Group cut their price target on Eaton from $390.00 to $335.00 and set a "buy" rating on the stock in a report on Wednesday, March 12th. Finally, KeyCorp cut their price target on Eaton from $340.00 to $325.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $350.22.

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.