nVent Electric (NVT) Set to Announce Quarterly Earnings on Friday

nVent Electric (NYSE:NVT) will post its quarterly earnings results before the market opens on Friday, May 3rd. Analysts expect nVent Electric to post earnings of $0.73 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

nVent Electric (NYSE:NVT) last released its quarterly earnings results on Tuesday, February 6th. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.03. The firm had revenue of $861.20 million for the quarter, compared to analyst estimates of $866.90 million. nVent Electric had a net margin of 17.38% and a return on equity of 17.53%. The company’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.66 earnings per share. On average, analysts expect nVent Electric to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

nVent Electric Price Performance

NYSE:NVT opened at $74.45 on Friday. The firm has a market cap of $12.36 billion, a PE ratio of 22.09, a price-to-earnings-growth ratio of 1.56 and a beta of 1.35. nVent Electric has a 12 month low of $40.19 and a 12 month high of $78.98. The company has a quick ratio of 1.22, a current ratio of 1.82 and a debt-to-equity ratio of 0.56. The company’s 50-day moving average price is $71.27 and its two-hundred day moving average price is $60.95.

nVent Electric Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 26th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, April 25th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.02%. nVent Electric’s payout ratio is 22.55%.

Insider Buying and Selling at nVent Electric

In other nVent Electric news, insider Joseph A. Ruzynski sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $64.23, for a total value of $160,575.00. Following the completion of the sale, the insider now owns 36,013 shares of the company’s stock, valued at $2,313,114.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other nVent Electric news, insider Joseph A. Ruzynski sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $64.23, for a total value of $160,575.00. Following the completion of the sale, the insider now owns 36,013 shares of the company’s stock, valued at $2,313,114.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jerry W. Burris sold 4,008 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $63.39, for a total transaction of $254,067.12. Following the completion of the sale, the director now directly owns 43,072 shares of the company’s stock, valued at approximately $2,730,334.08. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 400,252 shares of company stock valued at $25,713,777. Corporate insiders own 2.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of nVent Electric in a research report on Monday, March 11th. They set a “buy” rating and a $83.00 target price on the stock. Barclays increased their price objective on shares of nVent Electric from $74.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Citigroup increased their price objective on shares of nVent Electric from $71.00 to $91.00 and gave the company a “buy” rating in a report on Monday, April 8th. Royal Bank of Canada increased their price objective on shares of nVent Electric from $65.00 to $72.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Finally, The Goldman Sachs Group increased their price objective on shares of nVent Electric from $69.00 to $77.00 and gave the company a “buy” rating in a report on Friday, March 15th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $81.60.

nVent Electric Company Profile

nVent Electric plc, together with its subsidiaries, designs, manufactures, markets, installs, and services electrical connection and protection solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company operates through three segments: Enclosures, Electrical & Fastening Solutions, and Thermal Management.