Franklin Electric (NASDAQ:FELE) Posts Earnings Results, Misses Expectations By $0.06 EPS

Franklin Electric (NASDAQ:FELE - Get Free Report) issued its earnings results on Tuesday. The industrial products company reported $0.67 earnings per share for the quarter, missing analysts' consensus estimates of $0.73 by ($0.06), Zacks reports. The firm had revenue of $455.25 million during the quarter, compared to analyst estimates of $471.21 million. Franklin Electric had a net margin of 8.92% and a return on equity of 14.46%. Franklin Electric's revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.70 EPS. Franklin Electric updated its FY 2025 guidance to 3.950-4.250 EPS.

Franklin Electric Stock Up 3.5 %

Franklin Electric stock traded up $3.00 during midday trading on Friday, hitting $88.35. 208,980 shares of the stock were exchanged, compared to its average volume of 202,881. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.22 and a quick ratio of 1.06. The company has a 50 day moving average price of $93.47 and a two-hundred day moving average price of $99.08. The firm has a market cap of $4.04 billion, a P/E ratio of 22.95, a P/E/G ratio of 2.11 and a beta of 1.02. Franklin Electric has a 1 year low of $78.87 and a 1 year high of $111.94.

Franklin Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th will be paid a dividend of $0.265 per share. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 1.20%. Franklin Electric's dividend payout ratio is currently 27.75%.

Insider Activity

In related news, insider Delancey W. Davis sold 961 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $103.14, for a total value of $99,117.54. Following the completion of the transaction, the insider now owns 7,701 shares of the company's stock, valued at approximately $794,281.14. This represents a 11.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 2.72% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on FELE shares. StockNews.com downgraded shares of Franklin Electric from a "buy" rating to a "hold" rating in a research report on Thursday. Robert W. Baird dropped their price objective on shares of Franklin Electric from $111.00 to $94.00 and set a "neutral" rating for the company in a research report on Wednesday.

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.