Franklin Electric (NASDAQ:FELE) Updates FY 2025 Earnings Guidance

Franklin Electric (NASDAQ:FELE - Get Free Report) updated its FY 2025 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 3.950-4.250 for the period, compared to the consensus estimate of 4.200. The company issued revenue guidance of $2.1 billion-$2.2 billion, compared to the consensus revenue estimate of $2.1 billion.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. StockNews.com lowered Franklin Electric from a "buy" rating to a "hold" rating in a research note 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 note on Wednesday.

Franklin Electric Trading Up 3.5 %

NASDAQ FELE traded up $3.00 during trading on Friday, hitting $88.35. The stock had a trading volume of 208,980 shares, compared to its average volume of 202,881. The stock has a market capitalization of $4.04 billion, a price-to-earnings ratio of 22.95, a P/E/G ratio of 2.11 and a beta of 1.02. The stock has a 50 day simple moving average of $93.47 and a 200 day simple moving average of $99.08. Franklin Electric has a one year low of $78.87 and a one year high of $111.94. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.06 and a current ratio of 2.22.

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). The business had revenue of $455.25 million for the quarter, compared to the consensus estimate of $471.21 million. Franklin Electric had a return on equity of 14.46% and a net margin of 8.92%. Franklin Electric's revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.70 earnings per share. Sell-side analysts predict that Franklin Electric will post 4.19 earnings per share for the current year.

Franklin Electric Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 8th will be paid a $0.265 dividend. This represents a $1.06 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend is Thursday, May 8th. Franklin Electric's dividend payout ratio is presently 27.75%.

Insider Activity at Franklin Electric

In other Franklin Electric news, insider Delancey W. Davis sold 961 shares of the company's stock in a transaction on 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 sale, the insider now directly owns 7,701 shares in the company, valued at approximately $794,281.14. This represents a 11.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.72% of the stock is currently owned by company insiders.

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.