As of September 19, 2023, short interest refers to the quantity of shares that have been sold short but are yet to be covered or closed out. Short selling occurs when a trader sells shares of a company that they do not own, anticipating a decrease in stock price. Traders profit from short selling if the stock price declines, but suffer losses if it rises. Monitoring short interest is crucial as it can serve as an indicator of market sentiment towards a specific stock. An increase in short interest may indicate a more bearish outlook from investors, while a decrease suggests a more bullish sentiment.
Taking Emerson Electric (NYSE:EMR) as an example, its short percent of float has experienced a 15.38% rise since the last report. The company recently disclosed that 6.81 million shares have been sold short, accounting for 1.2% of all available regular shares for trading. Considering the trading volume, it would take traders an average of 2.76 days to cover their short positions. It is important to note that the increase in short interest does not necessarily imply an imminent decline in the stock’s value. However, traders should be mindful of the growing number of shares being shorted.
Emerson Electric Co.
EMR
Strong Buy
Updated on: 19/09/2023
Financial Health
Very Healthy
Debt to equity ratio: Buy
Price to earnings ratio: Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Buy
Emerson Electric Co. Stock Performance: Mixed Results and Future Outlook
On September 19, 2023, Emerson Electric Co. (EMR) stock had a mixed performance. The previous close for EMR stock was $99.61, and it opened at $99.92. Throughout the day, the stock traded within a range of $98.15 to $100.14. The volume for the day was 1,308,149 shares, which is lower than the average volume of 2,746,041 shares over the past three months. The market capitalization of Emerson Electric Co. stands at $56.5 billion.
Looking at the company’s financials, the earnings growth for Emerson Electric Co. in the last year was +41.53%, indicating strong performance. However, the earnings growth for the current year is -19.60%, which shows a decline compared to the previous year. Looking ahead, the company is expected to have a positive earnings growth of +10.00% over the next five years. The revenue growth for the last year was +7.67%, indicating steady growth.
In terms of valuation, the P/E ratio for Emerson Electric Co. is 17.7, which suggests that investors are willing to pay 17.7 times the company’s earnings per share. The price/sales ratio is 2.22, indicating that investors are willing to pay 2.22 times the company’s annual revenue per share. The price/book ratio is 5.64, suggesting that investors are willing to pay 5.64 times the company’s book value per share.
Looking at the performance of other companies in the sector, Roper Technologies Inc. (ROPR) had a positive change of +3.62, equivalent to a 0.73% increase. Fortive Corp (FTV) had a negative change of -0.77, equivalent to a -1.01% decrease. Cognex Corp (CGNX) had a negative change of -0.54, equivalent to a -1.21% decrease. MKS Instruments Inc (MKSI) had a negative change of -1.35, equivalent to a -1.53% decrease.
Emerson Electric Co.’s next reporting date is scheduled for November 7, 2023. Analysts forecast an earnings per share of $1.25 for the current quarter. The company reported annual revenue of $19.6 billion in the last year, with a net profit of $3.2 billion. The net profit margin for Emerson Electric Co. is 16.46%.
Emerson Electric Co. operates in the electronic technology sector, specifically in the electronic equipment/instruments industry. The corporate headquarters of the company is located in St. Louis, Missouri.
Overall, the stock performance of Emerson Electric Co. on September 19, 2023, was mixed. While the earnings growth in the last year was positive, the current year’s earnings growth showed a decline. However, the company is expected to have positive earnings growth over the next five years. Investors should closely monitor the company’s financial performance and industry trends to make informed investment decisions.
Positive Stock Performance and Potential Growth: Emerson Electric Co. on September 19, 2023
EMR stock performances on September 19, 2023, showed positive signs for Emerson Electric Co. The median target price forecasted by analysts was $110.00, with a high estimate of $125.00 and a low estimate of $95.00, representing an 11.30% increase from the last price of $98.83. A consensus among 25 polled investment analysts was to buy stock in Emerson Electric Co, indicating a consistent positive sentiment towards the company’s stock. Emerson Electric Co reported earnings per share of $1.25 and sales of $4.2 billion for the current quarter, indicating a strong performance. This information suggests potential growth and supports the case for investing in Emerson Electric Co. However, investors should conduct their own research and consider their own risk tolerance before making any investment decisions.
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