- Franklin Electric’s net sales for the second quarter reached $587.4 million, a notable increase of 8.1% compared to the previous year, surpassing the estimated $566.8 million.
- The company’s earnings per share (EPS) for the second quarter stood at $1.31, slightly up from $1.26 the previous year.
- Franklin Electric maintains its full-year forecast for net sales, predicting a range of $2.09 billion to $2.15 billion, aligning closely with market estimates of $2.1 billion.
- The forecast for full-year EPS remains between $3.95 and $4.25, with market expectations set at $4.12.
- Company comments indicate confidence in continued strong performance, fueled by a healthy backlog and positive order trends, despite some market uncertainties.
- Current analyst recommendations show 2 buys, 3 holds, and no sells for Franklin Electric.
Franklin Electric Co on Smartkarma
According to Baptista Research on Smartkarma, Franklin Electric Co‘s recent performance in the fourth quarter and full year of 2024 has been a mix of results amidst tough economic conditions. The company saw a 3% uptick in consolidated sales for the quarter, attributed to growth in the Distribution and newly revamped Energy Systems sectors. Meanwhile, sales in the Water Systems division remained unchanged. Despite increased volumes across segments, Franklin Electric faced various challenges that influenced its overall performance.
The report titled “Franklin Electric: Will Its Focus on Energy Systems Pay Off?” by Baptista Research delves into the company’s recent financials and strategic focus. The analysts offer a bullish perspective on the potential of Franklin Electric’s emphasis on energy systems, despite the hurdles faced in the market. For more detailed insights, readers can refer to the analysis by Baptista Research on Smartkarma.
A look at Franklin Electric Co Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Franklin Electric Co., Inc. is positioned for a stable long-term outlook based on their Smartkarma Smart Scores. With consistent scores across key factors like Value, Growth, Resilience, and Momentum, the company appears to be on a solid footing. While the Dividend score is slightly lower, the overall trend indicates a balanced performance across various aspects of the business. Franklin Electric Co. designs, manufactures, and distributes electric motors and related equipment globally to a diverse range of industries. This broad market reach may serve as a strength in maintaining resilience and growth over the long term.
Analysts are optimistic about Franklin Electric Co.’s future prospects, considering the balanced Smartkarma Smart Scores. While there may be room for improvement in the Dividend aspect, the company’s strong performance in Value, Growth, Resilience, and Momentum bodes well for its overall outlook. Franklin Electric Co.’s global presence and diverse product offerings position it favorably in various sectors, including pumps, petroleum equipment, and heating/air conditioning devices. This diversification could contribute to the company’s continued success and stability in the long run.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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