Analysts See $1.24 EPS for Eaton Corporation plc (ETN)

January 19, 2018 - By Darrin Black

 Analysts See $1.24 EPS for Eaton Corporation plc (ETN)
Investors sentiment decreased to 1 in Q3 2017. Its down 0.07, from 1.07 in 2017Q2. It dropped, as 59 investors sold Eaton Corporation plc shares while 280 reduced holdings. 80 funds opened positions while 259 raised stakes. 330.10 million shares or 0.23% less from 330.85 million shares in 2017Q2 were reported.
Legacy Prtn reported 31,519 shares. Stifel Corp invested in 564,334 shares. Anchor Capital Ltd Com has invested 0.71% in Eaton Corporation plc (NYSE:ETN). 2,285 are owned by Focused Wealth. Oregon Employees Retirement Fund holds 0.06% or 47,749 shares in its portfolio. Kentucky Retirement Fund stated it has 11,828 shares. Invest Centers Of America stated it has 0.1% in Eaton Corporation plc (NYSE:ETN). Parsons Capital Mngmt Ri holds 0.03% in Eaton Corporation plc (NYSE:ETN) or 3,485 shares. Smith Asset Mgmt Group Ltd Partnership has invested 0.76% of its portfolio in Eaton Corporation plc (NYSE:ETN). Citigroup Inc reported 230,936 shares. Thrivent For Lutherans owns 925,654 shares for 0.25% of their portfolio. Sg Americas Ltd Co has 87,578 shares. Cibc Asset Management holds 0.02% in Eaton Corporation plc (NYSE:ETN) or 47,856 shares. Parametric Assocs invested in 1.20 million shares or 0.1% of the stock. Vident Investment Advisory Limited Liability Corp reported 44,315 shares or 0.18% of all its holdings.

Analysts expect Eaton Corporation plc (NYSE:ETN) to report $1.24 EPS on February, 1.They anticipate $0.12 EPS change or 10.71 % from last quarter’s $1.12 EPS. ETN’s profit would be $546.35M giving it 16.85 P/E if the $1.24 EPS is correct. After having $1.25 EPS previously, Eaton Corporation plc’s analysts see -0.80 % EPS growth. The stock decreased 0.05% or $0.04 during the last trading session, reaching $83.56. About 2.00 million shares traded. Eaton Corporation plc (NYSE:ETN) has risen 31.02% since January 19, 2017 and is uptrending. It has outperformed by 14.32% the S&P500.

Eaton Corporation plc (NYSE:ETN) Ratings Coverage

Among 29 analysts covering Eaton Corporation (NYSE:ETN), 8 have Buy rating, 4 Sell and 17 Hold. Therefore 28% are positive. Eaton Corporation has $92.0 highest and $51 lowest target. $69.95’s average target is -16.29% below currents $83.56 stock price. Eaton Corporation had 76 analyst reports since July 31, 2015 according to SRatingsIntel. On Thursday, November 2 the stock rating was maintained by Citigroup with “Buy”. The rating was downgraded by Atlantic Securities on Friday, August 14 to “Neutral”. Deutsche Bank maintained it with “Hold” rating and $65 target in Tuesday, August 25 report. The rating was upgraded by Vertical Research on Wednesday, August 26 to “Hold”. Bernstein maintained Eaton Corporation plc (NYSE:ETN) on Monday, May 2 with “Market Perform” rating. As per Wednesday, November 2, the company rating was maintained by RBC Capital Markets. The firm has “Hold” rating by Stifel Nicolaus given on Sunday, December 10. The rating was maintained by KeyBanc Capital Markets on Thursday, October 12 with “Hold”. As per Tuesday, August 4, the company rating was maintained by Argus Research. The company was initiated on Tuesday, October 17 by Buckingham Research.

Eaton Corporation plc operates as a power management firm worldwide. The company has market cap of $36.82 billion. The Company’s Electrical Products segment offers electrical and industrial components, residential products, single phase power quality products, emergency lighting and fire detection products, wiring devices, structural support systems, and circuit protection and lighting products. It has a 13.17 P/E ratio. The company??s Electrical Systems and Services segment provides power distribution and assemblies, three phase power quality products, hazardous duty electrical equipment, explosion-proof instrumentation, utility power distribution, power reliability equipment, and services.

More recent Eaton Corporation plc (NYSE:ETN) news were published by: Marketwatch.com which released: “Eaton Corp. PLC” on July 20, 2009. Also Benzinga.com published the news titled: “Your Easy Guide To Credit Suisse’s New Top Stocks List” on September 11, 2017. Seekingalpha.com‘s news article titled: “Top 10 Industrial Stocks For Dividend Growth And Income” with publication date: December 15, 2017 was also an interesting one.

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