Compared to others, Eaton Corporation plc (ETN) is in a different league with regards to profitability, having net margins of 10.1%. To put some perspective around this, the industry’s average net margin is 14.7%. When looking at valuations, Eaton Corporation plc has a cheap P/E of 15.41x as compared to industry average of 22.45x. Moreover, it trades for 12.46 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 1.9x price/book and 1.49x price/sales. ETN’s ROE is 12.7%, which is also considerably worse than the industry’s ROE of 12.87%. It’s also very liquid in the near term, with a current ratio of 1.5. The stock has a debt/capital of 0.43.
ETN’s 50 day simple moving average (SMA 50) price is $77.37 and its 200-day simple moving average (SMA 200) price is $79.05. The company’s stock currently has a total float of 432.38M shares. Its weekly volatility is hovering around 2.79% and felt 2.32% volatility in price over a month. On the upside, the share price will test short term resistance at around $74.14. On a downside, the stock is likely to find some support, which begins at $71.81. The failure to get near-term support could push it to $70.32.
Separately, it has been reported that multiple insider activity took place at Eaton Corporation plc (ETN). Semelsberger Ken D sold 11,500 shares for $83,676 in transaction occurred on 2018/09/13. After making this transaction, insider owns a direct stake of 995,555 shares, worth $6,132,614, as per the last closing price. On 2018/09/06 Mccoy Deborah L, Director at ETN, dumped 3,000 shares at an average price of $84.55 per share. The selling total is valued at $2,413,879.
Fearon Richard H had divested 25,000 shares for $221,459 through a trade on 2018/09/05. Following this activity, the insider holds 2,082,250 shares worth $16,230,730 as of recent close. Wall Street’s most bullish Eaton Corporation plc (NYSE:ETN) analysts are predicting the share price to blow past $101 per share during the next 12 months. The current median share price forecast by them is $87, suggesting that the stock could increase 18.71% in that time frame. The average price target of $87.22 calls for a nearly 19.01% increase in the stock price.
It had seen a new analyst call from Stephens, which initiated the stock at Overweight on November 20. Analysts at Barclays, maintained the company shares at Underweight on November 01 but switched target price from $77 to $75. Analysts at Gordon Haskett, made their first call about the stock on October 12, recommending it is Sell. Credit Suisse, released new analyst coverage on October 12, calling the stock is Outperform.
Eaton Corporation plc (NYSE:ETN) reached $31.77B by 06-December-18 in the wake of -2.27% downturn. The shares gained some momentum after bears carried it down to $71.1736. The final price for the day of 73.29 was still down from $73.5. The stock remained range bound between $71.1736 and $73.5. Trading activity significantly improved as the volume at ready counter increased to 3,854,401 shares versus 2,608,915 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 2,792,074 shares. The stock is now 8.26% above against its bear-market low of $67.7 on October 30, 2018. It has retreated -22.6% since it’s 52-week high of $89.85 reached in February. Now the market price is down -2.21% on the year and down -7.24% YTD.
Shares of Eaton Corporation plc (ETN) have gained 5.6% since the company’s last earnings report. Over the past 12 fiscal quarters, Eaton Corporation plc (NYSE:ETN) has topped consensus earnings estimates in 8 quarters (66%), missed earnings in 3 quarters (25%), whereas at 1 occasion EPS met analyst expectations. ETN last reported earnings on October 30, 2018 when it released Sep-18 results that receded expectations. The company raked in $1.43 per share, 741.18% change on the same period last year. That was worse than consensus for $1.43. Revenue for the recent quarter stood at $5.41 billion, up 4% on last year and below the $5.49 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $5.36 billion to $5.53 billion, which should be compared with $5.25 billion generated last year. EPS is seen in a range of $1.42 to $1.46, against the $1.36 reported a year ago.