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

Franklin Electric (NASDAQ:FELE) posted its quarterly earnings data on Tuesday. The industrial products company reported $0.72 earnings per share 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 Stock Performance

Shares of Franklin Electric stock opened at $108.13 on Tuesday. 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 firm has a market capitalization of $4.94 billion, a P/E ratio of 25.34, a P/E/G ratio of 1.97 and a beta of 1.00. The business has a fifty day simple moving average of $99.39 and a two-hundred day simple moving average of $101.54. Franklin Electric has a 12 month low of $91.67 and a 12 month high of $111.94.

Franklin Electric Increases Dividend

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

Analyst Upgrades and Downgrades

Separately, Robert W. Baird decreased their price objective on shares of Franklin Electric from $107.00 to $105.00 and set a “neutral” rating on the stock 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.