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According to data from Zacks Investment Research, Wall Street analysts expect Eaton (NYSE: ETN) to have sales of $4.93 billion this quarter. Six analysts provided estimates of Eaton’s earnings. The highest sales are estimated at 4.99 billion U.S. dollars and the lowest at 4.87 billion U.S. dollars. Eaton’s sales in the same period last year were US$4.69 billion, which means an increase of 5.1% year-on-year. The company is expected to announce its next earnings report on Tuesday, February 1.

According to Zacks, analysts expect Eaton’s full-year sales this year to reach 19.76 billion U.S. dollars, with estimates ranging from 19.70 billion U.S. dollars to 19.82 billion U.S. dollars. For the next fiscal year, analysts predict that sales of the business will reach 20.28 billion U.S. dollars, which is estimated to be between 19.95 billion U.S. dollars and 21.19 billion U.S. dollars. Zacks Investment Research’s sales averages are averages based on surveys of sell-side analysts covering Eaton.

Eaton (NYSE: ETN) last announced its earnings results on Monday, November 1. The industrial products company reported earnings per share of US$1.75 for the quarter, which was US$0.02 higher than the consensus estimate of US$1.73. Eaton’s return on equity is 16.14% and its net profit margin is 10.60%. In the same period last year, the company's earnings per share were $1.18.

ETN has been the subject of many recent research reports. Royal Bank of Canada raised Eaton’s target price from US$152.00 to US$153.00 in its research report on Wednesday, November 3, and gave the company an “industry performance” rating. In a report on Friday, November 5th, Zacks Investment Research upgraded Eaton from a "sell" rating to a "hold" rating and set a target price of $181.00 for the company. In a report on Wednesday, November 3, Wells Fargo & Company raised Eaton’s price target from $159.00 to $173.00 and gave the company an "equally weighted" rating. In a report on Wednesday, November 3, Deutsche Bank raised Eaton’s target price from US$180.00 to US$190.00 and gave the stock a “buy” rating. Finally, Citigroup raised Eaton’s price target from US$180.00 to US$185.00 and gave the stock a “Buy” rating in its research report on Tuesday, October 12. Seven analysts have issued a hold rating on the stock, and ten analysts have issued a buy rating on the company. According to MarketBeat data, the current consensus rating of the stock is "Buy" with an average target price of US$171.88.

In related news, insider Uday Yadav sold 49,580 shares in trading on Tuesday, November 9. The average selling price of these stocks is US$174.32, and the total value is US$8,642,785.60. The transaction has been disclosed in a document submitted to the SEC, which can be accessed through the SEC website. In addition, insider Joao V. Faria sold 3,250 company shares in a transaction that took place on Monday, December 6. The stock was sold at an average price of US$169.61, with a total trading volume of US$551,232.50. The disclosure of this sale can be found here. Insiders sold a total of 183,051 company shares in the past 90 days, valued at US$31,507,939. 0.53% of the stock is currently held by insiders.

Some institutional investors and hedge funds have recently changed their positions in the business. Bell Investment Advisors purchased a new position in Eaton stock worth $27,000 in the third quarter. Eagle Bay Advisors LLC increased its Eaton shareholding by 137.3% in the third quarter. Eagle Bay Advisors LLC purchased an additional 140 shares last quarter and now owns 242 shares of the industrial products company, valued at $36,000. Tompkins Financial Corporation purchased a new position in Eaton stock worth $37,000 in the third quarter. Rosenberg and Matthew Hamilton increased his Eaton shareholding by 52.1% in the third quarter. Rosenberg Matthew Hamilton bought 86 more shares last quarter and now owns 251 shares of the industrial products company, valued at $37,000. Finally, the National Bank of America purchased a new position in Eaton stock worth $39,000 in the third quarter. Institutional investors hold 77.55% of the company's shares.

New York Stock Exchange: ETN opened at $169.70 on Tuesday. Eaton’s 1-year low is $113.79 and its 1-year high is $175.72. The 50-day moving average price of this business is US$165.73, and its 200-day moving average price is US$159.35. The company's current ratio is 1.27, quick ratio is 0.79, and debt-to-equity ratio is 0.53. The company's market capitalization is $67.64 billion, a price-to-earnings ratio of 32.95, a PEG ratio of 2.34, and a beta value of 1.18.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 30. Shareholders of record on Friday, November 12, received a dividend of $0.76 per share. This represents an annual dividend of US$3.04 and a dividend yield of 1.79%. The ex-dividend date is Wednesday, November 10. Eaton’s payout ratio is 59.03%.

Eaton Corp. Plc is a power management company that provides energy-saving solutions for electric, hydraulic and mechanical power. It operates through the following divisions: American Electric and Global Electric, Hydraulics, Aerospace, Vehicles and Electric Vehicles. The Electrical Americas and Electrical Global divisions are engaged in sales contracts for electrical components, industrial components, power distribution and components, residential products, single-phase and three-phase power quality, wiring equipment, circuit protection, utility power distribution, electrical reliability equipment and services.

Further reading: Why does the company want to buy back stocks?

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