Emerson Electric Boosts FY24 Adj. EPS Outlook; Declares Dividend - Update

RTTNews | 267 days ago
Stocktwits
Emerson Electric Boosts FY24 Adj. EPS Outlook; Declares Dividend - Update

(RTTNews) - While reporting financial results for the third quarter on Wednesday, technology and software company Emerson Electric Co. (EMR) raised its adjusted earnings guidance for the full-year 2024.

The company said the 2024 outlook assumes approximately $300 million returned to shareholders through share repurchases and approximately $1.2 billion of dividend payments.

For fiscal 2024, the company now projects earnings in a range of $2.82 to $2.87 per share and adjusted earnings in a range of $5.45 to $5.50 per share on a net sales growth of about 15.0 percent, with underlying sales growth of almost 6.0 percent.

Previously, the company expected earnings in the range of $2.98 to $3.08 per share and adjusted earnings in the range of $5.40 to $5.50 per share on a net sales growth of 15.0 to 16.0 percent, with underlying sales growth of 5.5 to 6.5 percent.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $5.47 per share on revenue growth of 15.8 percent to $17.56 billion for the quarter. Analysts' estimates usually exclude special items.

The company's board of directors also declared the regular quarterly cash dividend of $0.525 per share of common stock, payable on September 10, 2024 to stockholders of record on August 16, 2024.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Tags: EMR
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Emerson Electric Boosts FY24 Outlook; Declares Dividend - Update

Emerson Electric Boosts FY24 Outlook; Declares Dividend - Update

While reporting financial results for the second quarter on Wednesday, technology and software company Emerson Electric Co. (EMR) raised its adjusted earnings and net sales growth guidance for the full-year 2024. The company also provided outlook for the third quarter.
RTTNews | 358 days ago
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are mostly higher on Friday, following the positive cues from Wall Street overnight, amid optimism about possible trade deals, with US President Donald Trump saying he has "potential" trade deals with India, South Korea and Japan as well as expressed optimism about a resolution with China. Traders are also booking some profits following the recent upside in the markets.
RTTNews | 19 minutes ago
Sensex, Nifty Seen Higher At Open

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Indian shares look set to open a tad higher on Friday as markets resume trading after a holiday on Thursday for Maharashtra Day.
RTTNews | 40 minutes ago
Thai Bourse May Reclaim 1,200-Point Level

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RTTNews | 1h 13min ago
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