Eaton Corporation Hits 52-Week High - Analyst Blog
09 Maggio 2013 - 6:30PM
Zacks
On May 8, 2013, shares of
diversified power management company Eaton
Corporation (ETN) hit a 52-week high of $64.70. Eaton
Corporation registered a positive earnings surprise of 6.33% in the
first quarter of 2013.
Eaton’s earnings in the first quarter were driven by an enhanced
portfolio as a result of the Cooper Industries acquisition and its
continuous improvement in product offerings.
Eaton is a leading supplier of power accessories in the aerospace
industry and has customers spanning 150 countries. The global
presence coupled with execution of its operating plans is expected
to drive the company in 2013.
Eaton Corporation expects 2013 earnings per share in the range of
$4.05 to $4.45, ahead of $3.94 reported in 2012. The major
contribution is expected to come from its acquired assets.
We expect 10.01% earnings growth at Eaton on the back of a 4.58%
top-line increase. The Zacks Consensus Estimate for 2013 is
currently at $4.34 per share and on the higher side of the
company’s guidance.
The present valuation also makes the company attractive. Shares of
Eaton Corporation currently trade at 14.88x 12-month forward
earnings, a 2% discount to the peer group average of 15.19x. Its
price-to-book ratio of 2.01 is at a 23.6% discount to the peer
group average of 2.63.
The company has consistently paid dividends to its shareholders and
increased shareholder worth. The present annual dividend rate of
$1.68 per reflects a dividend yield of 2.6%, which is higher than
the industry average of 1.14%
Apart from Eaton, other stocks in the industry like A. O.
Smith Corporation (AOS), Parker-Hannifin
Corporation (PH) and ITT Corporation
(ITT) have also beaten the Zacks Consensus Estimate in the recently
concluded quarter.
Dublin, Ireland based Eaton Corporation was founded in 1916. With a
market cap of $30.47 billion, the company has 103,000 full time
employees. Eaton Corporation currently retains a Zacks Rank #3
(Hold).
SMITH (AO) CORP (AOS): Free Stock Analysis Report
EATON CORP PLC (ETN): Free Stock Analysis Report
ITT CORP (ITT): Free Stock Analysis Report
PARKER HANNIFIN (PH): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
Grafico Azioni Eaton (NYSE:ETN)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni Eaton (NYSE:ETN)
Storico
Da Lug 2023 a Lug 2024