Franklin Electric - FELE Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Franklin Electric in the last twelve months. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" FELE shares.
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5 equities research analysts have issued 1-year price targets for Franklin Electric's shares. Their FELE share price forecasts range from $80.00 to $95.00. On average, they anticipate the company's share price to reach $85.75 in the next year. This suggests a possible upside of 4.9% from the stock's current price.
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Franklin Electric's stock was trading at $94.56 at the beginning of 2022. Since then, FELE stock has decreased by 13.6% and is now trading at $81.71.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 25th 2022.
View our FELE earnings forecast.

Franklin Electric Co., Inc. (NASDAQ:FELE) released its quarterly earnings results on Tuesday, July, 26th. The industrial products company reported $1.26 EPS for the quarter, beating analysts' consensus estimates of $1.03 by $0.23. The industrial products company earned $551.10 million during the quarter, compared to analyst estimates of $528.67 million. Franklin Electric had a trailing twelve-month return on equity of 17.82% and a net margin of 9.29%. The business's quarterly revenue was up 26.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.83 earnings per share.

Franklin Electric announced a quarterly dividend on Monday, July 25th. Investors of record on Thursday, August 4th will be given a dividend of $0.195 per share on Thursday, August 18th. This represents a $0.78 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date is Wednesday, August 3rd.
Read our dividend analysis for FELE.

Franklin Electric (NASDAQ:FELE) pays an annual dividend of $0.78 per share and currently has a dividend yield of 0.95%. The company has been increasing its dividend for 29 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 20.97%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FELE will have a dividend payout ratio of 18.18% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FELE.

Franklin Electric issued an update on its FY 2022 earnings guidance on Tuesday, August, 2nd. The company provided earnings per share guidance of $4.00-$4.20 for the period, compared to the consensus estimate of $3.60. The company issued revenue guidance of $2.00 billion-$2.15 billion, compared to the consensus revenue estimate of $2.01 billion.

36 employees have rated Franklin Electric Chief Executive Officer Gregg Sengstack on Glassdoor.com. Gregg Sengstack has an approval rating of 79% among the company's employees. 84.0% of employees surveyed would recommend working at Franklin Electric to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Franklin Electric investors own include Las Vegas Sands (LVS), AT&T (T), Wendy's (WEN), Altria Group (MO), Kraft Heinz (KHC), Marathon Petroleum (MPC), Pfizer (PFE), QUALCOMM (QCOM), Verizon Communications (VZ) and Carnival Co. & (CCL).

Franklin Electric trades on the NASDAQ under the ticker symbol "FELE."

Shares of FELE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of FELE stock can currently be purchased for approximately $81.71.

Franklin Electric (NASDAQ:FELE) has a market capitalization of $3.78 billion and generates $1.66 billion in revenue each year. The industrial products company earns $153.86 million in net income (profit) each year or $3.72 on an earnings per share basis.

The company employs 6,400 workers across the globe.

Franklin Electric's mailing address is 9255 COVERDALE ROAD, FORT WAYNE IN, 46809. The official website for the company is www.franklin-electric.com. The industrial products company can be reached via phone at (260) 824-2900 or via fax at 260-824-2909.