With 1.98 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.65 million shares. The 52-week range on ETN shows that it touched its highest point at $379.99 and its lowest point at $255.65 during that stretch. It currently has a 1-year price target of $372.46. With its current market cap of 122.05 billion, ETN has annualized dividend of $3.76 while the current yield stands at 1.22%. Beta for the stock currently stands at 1.07.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ETN was down-trending over the past week, with a drop of -0.34%, but this was down by -13.65% over a month. Three-month performance dropped to -13.98% while six-month performance rose 3.96%. The stock gained 11.28% in the past year, while it has lost -6.95% so far this year. A look at the trailing 12-month EPS for ETN yields 9.50 with Next year EPS estimates of 13.44. For the next quarter, that number is 2.70. This implies an EPS growth rate of 11.31% for this year and 11.81% for next year. EPS is expected to grow by 11.19% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 12.57%.
Float and Shares Shorts:
At present, 395.20 million ETN shares are outstanding with a float of 394.29 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ETN since 13 analysts follow the stock currently. There are 9 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $10.81367 being high and $10.7637 being low. For ETN, this leads to a yearly average estimate of $10.78369. Based on analyst estimates, the high estimate for the next quarter is $3.12 and the low estimate is $2.99. The average estimate for the next quarter is thus $3.04.
