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

Franklin Electric (NASDAQ:FELE) issued its quarterly earnings data on Tuesday. The industrial products company reported $0.72 EPS for the quarter, topping 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 6.0 %

NASDAQ FELE opened at $106.01 on Wednesday. Franklin Electric has a 12 month low of $91.67 and a 12 month high of $111.94. 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 stock’s fifty day moving average price is $99.39 and its 200-day moving average price is $101.54. The stock has a market cap of $4.84 billion, a P/E ratio of 26.84, a P/E/G ratio of 1.96 and a beta of 1.00.

Franklin Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Thursday, February 6th will be paid a dividend of $0.265 per share. The ex-dividend date of this dividend is Thursday, February 6th. This represents a $1.06 annualized dividend and a yield of 1.00%. This is a positive change from Franklin Electric’s previous quarterly dividend of $0.25. Franklin Electric’s payout ratio is presently 26.84%.

Wall Street Analyst Weigh In

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

Franklin Electric Company Profile

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.