Franklin Electric (FELE) to Release Quarterly Earnings on Tuesday

Franklin Electric (NASDAQ:FELE - Get Free Report) is projected to issue its Q2 2025 quarterly earnings data before the market opens on Tuesday, July 29th. Analysts expect the company to announce earnings of $1.28 per share and revenue of $566.61 million for the quarter. Franklin Electric has set its FY 2025 guidance at 3.950-4.250 EPS.

Franklin Electric (NASDAQ:FELE - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $0.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.73 by ($0.06). Franklin Electric had a return on equity of 14.08% and a net margin of 8.85%. The business had revenue of $455.25 million during the quarter, compared to analysts' expectations of $471.21 million. During the same quarter in the previous year, the company posted $0.70 EPS. The company's quarterly revenue was down 1.2% on a year-over-year basis. On average, analysts expect Franklin Electric to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Franklin Electric Price Performance

FELE stock traded down $0.78 during trading on Friday, reaching $90.78. The company's stock had a trading volume of 60,107 shares, compared to its average volume of 264,583. Franklin Electric has a 1 year low of $78.87 and a 1 year high of $111.94. The company has a quick ratio of 0.82, a current ratio of 1.98 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $4.14 billion, a P/E ratio of 23.76, a price-to-earnings-growth ratio of 1.82 and a beta of 1.07. The company's fifty day moving average is $88.44 and its 200-day moving average is $93.25.

Franklin Electric announced that its Board of Directors has initiated a share buyback program on Friday, June 13th that allows the company to repurchase 1,200,000 shares. This repurchase authorization allows the industrial products company to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board believes its stock is undervalued.

Franklin Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th were paid a $0.265 dividend. The ex-dividend date of this dividend was Thursday, May 8th. This represents a $1.06 dividend on an annualized basis and a yield of 1.17%. Franklin Electric's payout ratio is presently 27.75%.

Insider Transactions at Franklin Electric

In related news, Director David M. Wathen sold 24,000 shares of Franklin Electric stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $86.10, for a total value of $2,066,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director David M. Wathen sold 25,402 shares of Franklin Electric stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $85.22, for a total value of $2,164,758.44. Following the completion of the transaction, the director owned 49,000 shares of the company's stock, valued at approximately $4,175,780. This represents a 34.14% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 99,402 shares of company stock valued at $8,529,908. Company insiders own 2.72% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. United Services Automobile Association purchased a new position in shares of Franklin Electric during the first quarter valued at approximately $243,000. Royal Bank of Canada boosted its position in shares of Franklin Electric by 81.6% during the first quarter. Royal Bank of Canada now owns 3,997 shares of the industrial products company's stock valued at $375,000 after buying an additional 1,796 shares during the period. NewEdge Advisors LLC boosted its position in shares of Franklin Electric by 30.6% during the first quarter. NewEdge Advisors LLC now owns 5,760 shares of the industrial products company's stock valued at $541,000 after buying an additional 1,349 shares during the period. AQR Capital Management LLC boosted its position in shares of Franklin Electric by 105.5% during the first quarter. AQR Capital Management LLC now owns 25,463 shares of the industrial products company's stock valued at $2,390,000 after buying an additional 13,075 shares during the period. Finally, Jane Street Group LLC boosted its position in shares of Franklin Electric by 491.0% during the first quarter. Jane Street Group LLC now owns 70,660 shares of the industrial products company's stock valued at $6,634,000 after buying an additional 58,705 shares during the period. Hedge funds and other institutional investors own 79.98% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on FELE shares. Wall Street Zen upgraded Franklin Electric from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. Robert W. Baird cut their price objective on Franklin Electric from $111.00 to $94.00 and set a "neutral" rating for the company in a research report on Wednesday, April 30th.

About Franklin Electric

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.