Date | Price Target | Rating | Analyst |
---|---|---|---|
2/23/2024 | $110.00 | Neutral → Buy | Northcoast |
4/19/2023 | Perform | Oppenheimer | |
8/15/2022 | Buy → Neutral | Northcoast | |
7/15/2022 | $82.00 | Buy | Northcoast |
7/14/2022 | $75.00 | Outperform → Neutral | Robert W. Baird |
4/27/2022 | Neutral → Buy | Seaport Research Partners | |
3/9/2022 | $95.00 | Neutral → Outperform | Boenning & Scattergood |
Northcoast upgraded Franklin Electric from Neutral to Buy and set a new price target of $110.00
Oppenheimer initiated coverage of Franklin Electric with a rating of Perform
Northcoast downgraded Franklin Electric from Buy to Neutral
The Company is maintaining its sales guidance for full year 2024 to be in the range of $2.10 billion to $2.17 billion and reducing its EPS guidance for full year 2024 to be in the range of $4.16 to $4.34 which incorporates the Company's first half performance and its outlook for continued solid execution in the second half while maintaining strong margins similar to the first half.
Franklin Electric (NASDAQ:FELE) reported quarterly earnings of $1.26 per share which missed the analyst consensus estimate of $1.32 by 4.55 percent. This is a 0.79 percent decrease over earnings of $1.27 per share from the same period last year. The company reported quarterly sales of $543.26 million which missed the analyst consensus estimate of $569.91 million by 4.68 percent. This is a 4.55 percent decrease over sales of $569.18 million the same period last year.
SC 13G/A - FRANKLIN ELECTRIC CO INC (0000038725) (Subject)
SC 13G/A - FRANKLIN ELECTRIC CO INC (0000038725) (Subject)
SC 13G/A - FRANKLIN ELECTRIC CO INC (0000038725) (Subject)
4 - FRANKLIN ELECTRIC CO INC (0000038725) (Issuer)
4 - FRANKLIN ELECTRIC CO INC (0000038725) (Issuer)
4 - FRANKLIN ELECTRIC CO INC (0000038725) (Issuer)
10-Q - FRANKLIN ELECTRIC CO INC (0000038725) (Filer)
8-K - FRANKLIN ELECTRIC CO INC (0000038725) (Filer)
8-K - FRANKLIN ELECTRIC CO INC (0000038725) (Filer)
Second Quarter 2024 Highlights Consolidated net sales of $543.3 million, a decrease of 5% to the prior year, with lower sales across all three segments Operating income was $79.1 million with operating margin of 14.6%GAAP fully diluted earnings per share (EPS) was $1.26 FORT WAYNE, Ind., July 23, 2024 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. today announced its second quarter financial results for fiscal year 2024. Second quarter 2024 net sales were $543.3 million, compared to second quarter 2023 net sales of $569.1 million. Second quarter 2024 operating income was $79.1 million, compared to second quarter 2023 operating income of $80.9 million. Second quarter 2024 EPS was $1.26,
FORT WAYNE, Ind., July 22, 2024 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ:FELE) announced today that its Board of Directors declared a quarterly cash dividend of $0.25 per share payable August 15, 2024, to shareholders of record on August 1, 2024. About Franklin ElectricFranklin Electric is a global leader in the production and marketing of systems and components for the movement of water and energy. Recognized as a technical leader in its products and services, Franklin Electric serves customers around the world in residential, commercial, agricultural, industrial, municipal, and fueling applications. Franklin Electric is proud to be named in Newsweek's lists of America's M
FORT WAYNE, Ind., July 09, 2024 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ:FELE) will release its second quarter 2024 earnings at 8:00 am ET on Tuesday, July 23, 2024. A conference call to review earnings and other developments in the business will commence at 9:00 am ET. The second quarter 2024 earnings call will be available via a live webcast. The webcast will be available in a listen only mode by going to: https://edge.media-server.com/mmc/p/f8j7t4wj For those interested in participating in the question-and-answer portion of the call, please register for the call at the link below. https://register.vevent.com/register/BI8d56cfdc94aa49358360ba12cb42e3e2 All registrants
Second Quarter 2024 Highlights Consolidated net sales of $543.3 million, a decrease of 5% to the prior year, with lower sales across all three segments Operating income was $79.1 million with operating margin of 14.6%GAAP fully diluted earnings per share (EPS) was $1.26 FORT WAYNE, Ind., July 23, 2024 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. today announced its second quarter financial results for fiscal year 2024. Second quarter 2024 net sales were $543.3 million, compared to second quarter 2023 net sales of $569.1 million. Second quarter 2024 operating income was $79.1 million, compared to second quarter 2023 operating income of $80.9 million. Second quarter 2024 EPS was $1.26,
FORT WAYNE, Ind., July 22, 2024 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ:FELE) announced today that its Board of Directors declared a quarterly cash dividend of $0.25 per share payable August 15, 2024, to shareholders of record on August 1, 2024. About Franklin ElectricFranklin Electric is a global leader in the production and marketing of systems and components for the movement of water and energy. Recognized as a technical leader in its products and services, Franklin Electric serves customers around the world in residential, commercial, agricultural, industrial, municipal, and fueling applications. Franklin Electric is proud to be named in Newsweek's lists of America's M
FORT WAYNE, Ind., July 09, 2024 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ:FELE) will release its second quarter 2024 earnings at 8:00 am ET on Tuesday, July 23, 2024. A conference call to review earnings and other developments in the business will commence at 9:00 am ET. The second quarter 2024 earnings call will be available via a live webcast. The webcast will be available in a listen only mode by going to: https://edge.media-server.com/mmc/p/f8j7t4wj For those interested in participating in the question-and-answer portion of the call, please register for the call at the link below. https://register.vevent.com/register/BI8d56cfdc94aa49358360ba12cb42e3e2 All registrants
FORT WAYNE, Ind., May 14, 2024 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ:FELE), a global leader in water and energy systems, announced today that its Board of Directors has appointed Joe Ruzynski as Chief Executive Officer and a member of the Board, effective July 1, 2024. Gregg Sengstack, who has served as CEO since 2014 and Chairperson since 2015, will continue as Executive Chairperson. Ruzynski, 49, joins Franklin Electric from nVent Electric plc (NYSE:NVT), a global leader in electrical connection and protection solutions, where he served as President of the Enclosures Segment since 2018. Prior to that, he held various leadership roles at Pentair plc, a global water tech
Jeffery L. Taylor has been appointed VP – CFO of Franklin Electric Co., Inc., effective June 14, 2021John J. Haines, VP – CFO of Franklin Electric Co., Inc., retires after 13 yearsMr. Taylor brings over 20 years of finance leadership experience to Franklin Electric, including most recently as the CFO of Blue Bird Corporation (NASDAQ:BLBD) FORT WAYNE, Ind., June 14, 2021 (GLOBE NEWSWIRE) -- Franklin Electric Co. Inc. (NASDAQ:FELE) announced today that Jeffery L. Taylor has been appointed Vice President and Chief Financial Officer effective June 14, 2021. John J. Haines has retired as Vice President and Chief Financial Officer of the Company but will support Mr. Taylor through an interim pe