Earnings results for nVent Electric (NYSE:NVT)
Estimate Momentum measures change in analyst sentiment over time and may be an indicator of future price movements. The Change in Consensus chart shows the current, 1 week ago, and 1 month ago consensus earnings per share (EPS*) forecasts. For the fiscal quarter endingJun 2020 , the consensus EPS* forecast has remained the same over the past week at 0.23 and remained the same over the past month at 0.23. none raised and none lowered their forecast. For the fiscal year ending Dec 2020 , the consensus EPS* forecast has remained the same over the past week at 1.3 and remained the same over the past month at 1.3 . none raised and none lowered their forecast.
nVent Electric last announced its quarterly earnings results on April 29th, 2020. The reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by $0.03. The business had revenue of $520.90 million for the quarter, compared to analyst estimates of $535.91 million. Its revenue for the quarter was down 3.2% compared to the same quarter last year. nVent Electric has generated $1.78 earnings per share over the last year and currently has a price-to-earnings ratio of 17.8. nVent Electric has confirmed that its next quarterly earnings report will be published on Friday, July 31st, 2020. nVent Electric will be holding an earnings conference call on Friday, July 31st at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.
Analyst Opinion on nVent Electric (NYSE:NVT)
9 Wall Street analysts have issued ratings and price targets for nVent Electric in the last 12 months. Their average twelve-month price target is $26.67, suggesting that the stock has a possible upside of 38.67%. The high price target for NVT is $32.00 and the low price target for NVT is $21.00. There are currently 5 hold ratings and 4 buy ratings for the stock, resulting in a consensus rating of “Hold.”
nVent Electric has received a consensus rating of Hold. The company’s average rating score is 2.44, and is based on 4 buy ratings, 5 hold ratings, and no sell ratings. According to analysts’ consensus price target of $26.67, nVent Electric has a potential upside of 38.7% from its current price of $19.23. nVent Electric has only been the subject of 2 research reports in the past 90 days.
Dividend Strength: nVent Electric (NYSE:NVT)
nVent Electric pays a meaningful dividend of 3.72%, higher than the bottom 25% of all stocks that pay dividends. nVent Electric has only been increasing its dividend for 1 years. The dividend payout ratio of nVent Electric is 39.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, nVent Electric will have a dividend payout ratio of 44.30% next year. This indicates that nVent Electric will be able to sustain or increase its dividend.
Insiders buying/selling: nVent Electric (NYSE:NVT)
In the past three months, nVent Electric insiders have bought more of their company’s stock than they have sold. Specifically, they have bought $35,000.00 in company stock and sold $0.00 in company stock. Only 1.79% of the stock of nVent Electric is held by insiders. 86.96% of the stock of nVent Electric is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Earnings and Valuation of nVent Electric (NYSE:NVT
Earnings for nVent Electric are expected to grow by 21.54% in the coming year, from $1.30 to $1.58 per share. The P/E ratio of nVent Electric is 17.81, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 16.93. The P/E ratio of nVent Electric is 17.81, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 39.00. nVent Electric has a PEG Ratio of 3.05. PEG Ratios above 1 indicate that a company could be overvalued. nVent Electric has a P/B Ratio of 1.26. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.
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