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FELE

Franklin Electric

$48.00

-3.16 (-6.18%)

11:47
04/23/19
04/23
11:47
04/23/19
11:47

Franklin Electric backs FY19 EPS ex-restructuring charges view $2.37-$2.47

Consensus $2.40. "As we look forward to the balance of 2019, the key question will be the recovery of net sales in North America in both our Water Systems and Distribution segments that we believe were delayed due to the poor weather during the first quarter," said CEO Gregg Sengstack. "Our review with these businesses in the last several weeks confirms that the end market demand is still robust; however, the environment for equipment manufacturers will be even more competitive. Except for Europe and the Middle East, we think there is still opportunity for growth in the other international Water Systems businesses. Fueling Systems continues to capitalize on numerous market opportunities. As a result, we continue to believe our previous growth guidance of 4 to 6 percent in 2019 is doable. We also continue to believe we can achieve our original earnings per share before restructuring charges guidance of $2.37 to $2.47 per share. In addition to some sales volume recovery, we are taking cost reduction actions in virtually all of our business units to make up portions of the earnings shortfall we experienced in the first quarter."

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    May

FELE Franklin Electric
$48.00

-3.16 (-6.18%)

06/11/18
DADA
06/11/18
INITIATION
Target $50
DADA
Neutral
Franklin Electric initiated with a Neutral at DA Davidson
DA Davidson analyst Matt Summerville initiated Franklin Electric with a Neutral rating and a price target of $50. The analyst says the cmpany has "solid" long-term organic growth potential but sees its current valuation as fair. Summerville adds that he may turn more constructive if the stock price retreats toward the $40 level, further stating that Franklin Electric enjoys pricing power across its businesses. The analyst also notes that Franklin Electric's Fueling Systems segment is "well positioned to benefit from several years of above-trend growth in China on the heels of government mandated upgrades to retail filling stations".
06/12/18
06/12/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. InterDigital (IDCC) initiated with a Buy at Roth Capital. 2. Weight Watchers (WTW) initiated with an Overweight at JPMorgan and a Buy at DA Davidson. 3. Franklin Electric (FELE) initiated with a Neutral at DA Davidson. 4. ArQule (ARQL) initiated with an Outperform at Oppenheimer. 5. comScore (SCOR) initiated with a Buy at Loop Capital. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
04/23/19
BOSC
04/23/19
DOWNGRADE
BOSC
Neutral
Franklin Electric downgraded to Neutral at Boenning & Scattergood
Boenning & Scattergood downgraded Franklin Electric to Neutral from Outperform after earnings, telling investors that the company's guidance "looks aggressive" following soft results in Q1.

TODAY'S FREE FLY STORIES

PAR

Par Technology

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SPX

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X

U.S. Steel

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AMZN

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AGN

Allergan

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34.58 (26.67%)

, ABBV

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MMP

Magellan Midstream

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BB

BlackBerry

$8.32

-0.15 (-1.77%)

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GIS

General Mills

$53.74

0.08 (0.15%)

, PAYX

Paychex

$85.15

-1.02 (-1.18%)

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Earnings
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FDX

FedEx

$156.37

-4.51 (-2.80%)

, MU

Micron

$33.30

0.12 (0.36%)

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Earnings
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FDX

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MU

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$291.98

-1.66 (-0.57%)

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TSM

TSMC

$39.05

-0.93 (-2.33%)

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UPS

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, FDX

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EOLS

Evolus

$14.26

0.57 (4.16%)

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34.42 (26.55%)

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AERI

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TDG

TransDigm

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TSN

Tyson Foods

$82.69

1.85 (2.29%)

13:25
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Tyson Foods call volume above normal and directionally bullish »

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13:25
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IBKR

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, ETFC

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Conference/Events
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$NSD

NASDAQ Market Internals

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(0.00%)

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$NYE

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HUYA

Huya

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HUYA put volume heavy and directionally bearish »

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