Franklin Electric (NASDAQ:FELE) Announces Earnings Results

Franklin Electric (NASDAQ:FELE) posted its earnings results on Tuesday. The industrial products company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.03, Zacks reports. Franklin Electric had a return on equity of 15.03% and a net margin of 9.22%. Franklin Electric updated its FY 2025 guidance to 4.050-4.250 EPS.

Franklin Electric Trading Up 7.0 %

Shares of FELE opened at $106.96 on Tuesday. The company has a market capitalization of $4.89 billion, a P/E ratio of 27.39, a P/E/G ratio of 1.97 and a beta of 1.00. Franklin Electric has a one year low of $91.67 and a one year high of $111.94. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.06 and a current ratio of 2.40. The stock has a 50-day moving average price of $99.39 and a 200 day moving average price of $101.54.

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 issued a $0.265 dividend. The ex-dividend date is Thursday, February 6th. This represents a $1.06 dividend on an annualized basis and a yield of 0.99%. This is an increase from Franklin Electric’s previous quarterly dividend of $0.25. Franklin Electric’s dividend payout ratio is currently 26.84%.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird decreased their target price on 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.