nVent Electric (NVT) Expected to Announce Earnings on Friday

nVent Electric (NYSE:NVT - Get Free Report) is expected to post its Q1 2025 quarterly earnings results before the market opens on Friday, May 2nd. Analysts expect nVent Electric to post earnings of $0.66 per share and revenue of $790.74 million for the quarter. nVent Electric has set its FY 2025 guidance at 2.980-3.080 EPS and its Q1 2025 guidance at 0.650-0.670 EPS.

nVent Electric (NYSE:NVT - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.59 EPS for the quarter, meeting the consensus estimate of $0.59. nVent Electric had a return on equity of 14.52% and a net margin of 10.09%. On average, analysts expect nVent Electric to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

nVent Electric Price Performance

NVT traded down $0.14 during midday trading on Wednesday, hitting $54.84. The stock had a trading volume of 2,713,509 shares, compared to its average volume of 1,906,675. The company has a market cap of $9.03 billion, a P/E ratio of 27.98, a price-to-earnings-growth ratio of 1.48 and a beta of 1.21. nVent Electric has a 1 year low of $41.71 and a 1 year high of $86.57. The business has a fifty day moving average of $53.72 and a 200 day moving average of $65.63. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.28 and a current ratio of 1.73.

nVent Electric Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 25th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend is Friday, April 25th. nVent Electric's dividend payout ratio is currently 40.82%.

Wall Street Analyst Weigh In

Several analysts have weighed in on NVT shares. Barclays lowered their price target on shares of nVent Electric from $70.00 to $65.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. KeyCorp dropped their target price on nVent Electric from $75.00 to $60.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Citigroup decreased their price target on nVent Electric from $85.00 to $59.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. The Goldman Sachs Group dropped their price objective on nVent Electric from $86.00 to $74.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Finally, Royal Bank of Canada lifted their target price on shares of nVent Electric from $85.00 to $86.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, nVent Electric currently has an average rating of "Buy" and a consensus price target of $69.00.

About nVent Electric

nVent Electric plc, together with its subsidiaries, designs, manufactures, markets, installs, and services electrical connection and protection solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company operates through three segments: Enclosures, Electrical & Fastening Solutions, and Thermal Management.