Franklin Electric Co Inc reports results for the quarter ended March 31 - Earnings Summary

• Franklin Electric Co Inc FELE.OQ reported quarterly adjusted earnings of 67 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 70 cents. The mean expectation of five analysts for the quarter was for earnings of 73 cents per share. Wall Street expected results to range from 71 cents to 75 cents per share.

• Revenue fell 1.2% to $455.25 million from a year ago; analysts expected $471.19 million.

• Franklin Electric Co Inc's reported EPS for the quarter was 67 cents​.

• The company reported quarterly net income of $30.96 million.

• Franklin Electric Co Inc shares had fallen by 5.6% this quarter and lost 9.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 9% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the industrial machinery & equipment peer group is also "buy"

• Wall Street's median 12-month price target for Franklin Electric Co Inc is $113.00

This summary was machine generated from LSEG data April 29 at 01:00 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)