Stock Update: Eaton Corporation plc (NYSE:ETN) – Eaton Declares Quarterly Dividend Payable May 20, 2016

[Business Wire] – The Board of Directors of power management company Eaton today declared a quarterly dividend of $0.57 per ordinary share. The dividend is payable May 20, 2016 to shareholders of record at the close of business on May 6, 2016. Read more on this. Eaton Corporation plc (ETN) , valued at $28.82B, started the session at $62.70. During the trading session, ETN traded between $61.86 to $63.37 with its 52-week range being $46.19 to $73.82. Eaton (ETN) shares are currently priced at 14.62x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 10.09x earnings multiple for the same period. The company pays shareholders $2.28 per share in dividend income per year, for a current yield of 3.62%. In a review of the consensus earnings estimate this quarter, 24 sell-side analysts are looking at $0.85 per share, which would be $0.16 worse than the year-ago quarter and a $0.07 sequential decrease. The full-year EPS estimate is $4.26, which would be a $0.04 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $4.77 Billion. If realized, that would be a 8.62% decrease over the year-ago quarter. More recently, Longbow downgraded ETN from Buy to Neutral (Apr 4, 2016). Previously, Standpoint Research downgraded ETN from Buy to Hold. When considering if perhaps the stock is under or overvalued, the average price target is $62.43, which is 0.43% below where the stock opened this morning. See more in (NYSE:ETN) Similar Articles: Stock Update (NYSE:ETN): Eaton to Announce Fourth Quarter 2015 Earnings on February 3, 2016 Market Update: Eaton Corporation plc (NYSE:ETN) – Eaton Reports Third Quarter Operating Earnings Per Share of $0.97, Down 25 Percent from Third Quarter of 2014 on Lower Revenue and Restructuring Charges Market Update: Eaton Corporation plc (NYSE:ETN) – Eaton Quarterly Dividend Payable November 20, 2015