Franklin Electric (NASDAQ:FELE) Issues Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Franklin Electric (NASDAQ:FELE) posted its quarterly earnings results on Tuesday. The industrial products company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.03, Zacks reports. Franklin Electric had a net margin of 9.22% and a return on equity of 15.03%. Franklin Electric updated its FY 2025 guidance to 4.050-4.250 EPS.

Franklin Electric Trading Up 7.2 %

Shares of Franklin Electric stock opened at $108.13 on Tuesday. Franklin Electric has a 12-month low of $91.67 and a 12-month high of $111.94. The company has a market cap of $4.94 billion, a price-to-earnings ratio of 25.34, a PEG ratio of 1.97 and a beta of 1.00. The company has a current ratio of 2.40, a quick ratio of 1.06 and a debt-to-equity ratio of 0.01. The company’s 50-day moving average price is $99.39 and its 200-day moving average price is $101.54.

Franklin Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th will be issued a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a dividend yield of 0.98%. This is an increase from Franklin Electric’s previous quarterly dividend of $0.25. The ex-dividend date is Thursday, February 6th. Franklin Electric’s dividend payout ratio is presently 26.84%.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird reduced their price target on shares of Franklin Electric from $107.00 to $105.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th.

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.