Franklin Electric Co Inc Expected to Post Record Quarterly Revenue on February 14.
February 11, 2023
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Franklin Electric ($NASDAQ:FELE) Co Inc, based in Fort Wayne, Indiana, is a global manufacturer and marketer of water and fuel pumping systems. Investors have been closely watching Franklin Electric Co Inc’s stock as they anticipate record quarterly earnings when they release their results on February 14. The consensus forecast is predicting earnings of 93 cents per share. As the demand for water and fuel pumping systems continues to grow, so too has the demand for Franklin Electric Co Inc’s products. The company’s innovative solutions are used by countless businesses and institutions around the world, leading to a long string of successful quarters. Analysts expect that this trend will continue when the company releases its results for the most recent quarter, with earnings projected to be higher than ever before.
Investors are keen to see how the company’s performance will affect the stock price. If the results match or exceed expectations, investors can expect to see a jump in the price of Franklin Electric Co Inc’s stock. Analysts are also looking for any signs of future growth and development from the company. With a strong portfolio of products and an established presence in the global market, Franklin Electric Co Inc looks to be on track for another successful period.
Price History
This news has been welcomed with positive media coverage. On Friday, FRANKLIN ELECTRIC stock opened at $90.8 and closed at $91.2. The company has recently seen a surge in their stock prices since the announcement of their record-breaking quarterly revenue. This is attributed to their strong financial performance as well as the growing demand for their products. Investors are confident that this trend will continue as the company is expected to show further growth in the upcoming quarter. Analysts have noted that Franklin Electric Co Inc’s financial performance has been consistently strong over the past several months, indicating that their growth strategy is continuing to be effective.
This has prompted investors to remain optimistic about their future prospects. An additional factor driving the company’s success is the growing demand for their products. With the increasing number of customers looking for reliable and efficient electric products, this surge in demand is expected to continue. As they continue to report strong quarterly results and remain in high demand, investors are continuing to be optimistic about their prospects. With the release of their latest financial report expected later this month, investors will be eagerly awaiting to see if the company meets or exceeds its own expectations. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Franklin Electric. More…
| Total Revenues | Net Income | Net Margin |
| 1.99k | 187.56 | 9.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Franklin Electric. More…
| Operations | Investing | Financing |
| 43.02 | -82.31 | 11.98 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Franklin Electric. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.72k | 686.84 | 21.31 |
Key Ratios Snapshot
Some of the financial key ratios for Franklin Electric are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 14.9% | 24.5% | 12.4% |
| FCF Margin | ROE | ROA |
| 0.2% | 15.3% | 9.0% |
Analysis
GoodWhale’s analysis of FRANKLIN ELECTRIC‘s financials shows that the company is strong in asset, dividend, growth, and profitability. This has led to FRANKLIN ELECTRIC being classified as a ‘gorilla’ – a company that has achieved stable and high revenue or earning growth due to its strong competitive advantage. The high health score of 9/10 given to FRANKLIN ELECTRIC considering its cashflows and debt indicates the company’s capability to sustain future operations in times of crisis. This makes it attractive to investors who want a reliable and secure investment. Value investors may also be interested in FRANKLIN ELECTRIC due to its strong balance sheet and ability to consistently pay dividends. In addition, FRANKLIN ELECTRIC’s strong performance in terms of growth, profitability and asset management may also be attractive to growth investors or traders. They may be attracted by the potential for capital appreciation as the company continues to grow and develop. Overall, FRANKLIN ELECTRIC’s strong financials make it an attractive option for a variety of investors looking for a secure and reliable investment with potential for appreciation and income. More…
Peers
Franklin Electric Co. Inc. is an American manufacturer of submersible motors, pumps, and control systems. The company operates in three segments: Water Systems, Fueling Systems, and Industrial Systems. The Water Systems segment provides submersible motors, pumps, and control systems for residential, farm, commercial, and industrial water applications. The Fueling Systems segment offers submersible pumps and motors for fueling applications, such as petrol stations and aviation refueling. The Industrial Systems segment provides submersible motors and pumps for a variety of industries, including chemical, oil and gas, mining, and water and wastewater treatment. The company’s competitors include JE Cleantech Holdings Ltd, KenMec Mechanical Engineering Co Ltd, and Siasun Robot & Automation Co Ltd.
– JE Cleantech Holdings Ltd ($NASDAQ:JCSE)
JE Cleantech Holdings Ltd is a solar energy company that designs, develops, manufactures, and sells solar photovoltaic modules and systems. The company has a market cap of 12.09M as of 2022 and a return on equity of -2.6%. JE Cleantech Holdings Ltd is headquartered in Hong Kong.
– KenMec Mechanical Engineering Co Ltd ($TPEX:6125)
KenMec Mechanical Engineering Co Ltd has a market cap of 5.89B as of 2022. Its Return on Equity is -5.05%. The company is engaged in the manufacturing of mechanical and electrical products. Its products include electric motors, generators, pumps, compressors, fans, and other mechanical products.
– Siasun Robot & Automation Co Ltd ($SZSE:300024)
Siasun Robot & Automation Co Ltd is a Chinese company that manufactures robots and automation equipment. The company has a market cap of 14.22B as of 2022 and a return on equity of -7.76%. The company’s products are used in a variety of industries, including automotive, electronics, food and beverage, and pharmaceuticals.
Summary
Franklin Electric Co Inc is expected to report record quarterly revenue for the quarter ending February 14th. Recent media coverage has been largely positive, and analysts have begun to take note of the company’s sound financial position and upcoming growth prospects. Investors have been encouraged by Franklin Electric’s strong balance sheet, consistent cash flow, and its commitment to long-term dividend payouts.
Additionally, the firm’s investments in research and development have enabled it to remain competitive in its industry, as well as capitalize on emerging markets. Investors are optimistic about the company’s future and view it as a promising investment opportunity.
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