Eaton Corporation plc (NYSE:ETN) has a beta value of 1.07 and has seen 5.28 million shares traded in the last trading session. The company, currently valued at $127.27B, closed the last trade at $318.26 per share which meant it lost -$8.25 on the day or -2.53% during that session. The ETN stock price is -4.15% off its 52-week high price of $331.47 and 48.08% above the 52-week low of $165.24. The 3-month trading volume is 2.13 million shares.
Eaton Corporation plc (NYSE:ETN) trade information
Sporting -2.53% in the red in last session, the stock has traded in the green over the last five days, when the ETN stock price touched $318.26 or saw a rise of 4.44%. Year-to-date, Eaton Corporation plc shares have moved 32.16%, while the 5-day performance has seen it change 1.73%. Over the past 30 days, the shares of Eaton Corporation plc (NYSE:ETN) have changed 2.00%.
Eaton Corporation plc (ETN) estimates and forecasts
Figures show that Eaton Corporation plc shares have underperformed across the wider relevant industry. The company’s shares have gained 62.95% over the past 6 months, with this year growth rate of 12.72%, compared to 19.70% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are 21.80% and 13.10% for the next quarter. Revenue growth from the last financial year stood is estimated to be 7.70%.
13 analysts offering their estimates for the company have set an average revenue estimate of $5.91 billion for the current quarter. 13 have an estimated revenue figure of $6.31 billion for the next quarter concluding in Jun 2024. Year-ago sales stood $5.48 billion and $5.75 billion respectively for this quarter and the next, and analysts expect sales will grow by 7.70% for the current quarter and 9.70% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 10.32% over the past 5 years. Earnings growth for 2024 is a modest 13.02% while over the next 5 years, the company’s earnings are expected to increase by 11.40%.
ETN Dividends
Eaton Corporation plc is expected to release its next earnings report in June this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 3.52 at a share yield of 1.11%. The company’s dividend yield has gone up over the past 12 months.
