Street Reports

Analyst Review Alert: Franklin Electric Co., Inc. (FELE)

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The shares of Franklin Electric Co., Inc. (NASDAQ:FELE) currently has mean rating of 3.00 while 0 analysts have recommended the shares as “BUY”, 2 recommended as “OUTPERFORM” and 7 recommended as “HOLD”. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell.

The company’s mean estimate for sales for the current quarter ending Jun 16 is 256.51M by 7 analysts. The means estimate of sales for the year ending Dec-16 is 948.91M by 8 analysts.

The mean price target for the shares of Franklin Electric Co., Inc. (FELE) is at 33.57 while the highest price target suggested by the analysts is 38.00 and low price target is 26.00. The mean price target is calculated keeping in view the consensus of 7 brokerage firms.

The average estimate of EPS for the current fiscal quarter for Franklin Electric Co., Inc. (FELE) stands at 0.49 while the EPS for the current year is fixed at 1.64 by 7 analysts.

The next one year’s EPS estimate is set at 1.83 by 9 analysts while a year ago the analysts suggested the company’s EPS at 1.64. The analysts also projected the company’s long-term growth at 40.00% for the upcoming five years.

In its latest quarter ended on 31st March 2016, Franklin Electric Co., Inc. (FELE) reported earnings of $0.29. The posted earnings missed the analyst’s consensus by $-0.02 with the surprise factor of -6.50%. In the matter of earnings surprises, the term “Cockroach Effect” is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

Franklin Electric Co., Inc. (FELE) will display the new Fhoton™ SolarPAK system, which utilizes Franklin’s proven solar technology with the new Fhoton solar drive that features a smaller modular design – providing flexibility and simple maintenance for the installer. The new Fhoton solar drive features a robust IP66, NEMA 4 enclosure that protects against wildlife, insects, dust, and weather. The system is available in a variety of flow rates from 2.5 gpm to 90 gpm and power ratings of 0.75 and 1.5 hp. For solar installers looking to partner with a driller, contact Franklin Electric who will connect you with its expansive network of water systems professionals that you can team with.

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