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

RTTNews | 103 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

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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 | 194 days ago
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

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RTTNews | 6h 5min ago
Indian Shares Seen Opening Slightly Higher

Indian Shares Seen Opening Slightly Higher

Indian shares may open higher Tuesday morning, tracking cues from Wall Street where stocks saw some upside overnight thanks to bargain hunting following the steep drop seen last week. Slightly higher Gift Nifty futures also point to a positive start for the Indian market.
RTTNews | 6h 41min ago
Japanese Market Notably Higher

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The Japanese stock market is trading notably higher on Tuesday, reversing the losses in the previous session, with the Nikkei 225 moving above the 38,400 level, following the mixed cues from Wall Street overnight, with gains across most sectors led by automakers, exporters and financial stocks.
RTTNews | 7h 7min ago
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