Research Desk Line-up: Altra Industrial Motion Post Earnings Coverage

LONDON, UK / ACCESSWIRE / October 25, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Emerson Electric Co. (NYSE: EMR) ("Emerson"), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=EMR. The Company announced on October 23, 2017, its selected preliminary financial results for Q4 FY17 ended on September 30, 2017. The company also revealed how the recent hurricanes impacted its performance in the closing months of fiscal 2017. Emerson had indicated that the weather events could have a negative impact on its financial performance. For immediate access to our complimentary reports, including today's coverage, register for free now at:

http://protraderdaily.com/register/

Discover more of our free reports coverage from other companies within the Industrial Electrical Equipment industry. Pro-TD has currently selected Altra Industrial Motion Corp. (NASDAQ: AIMC) for due-diligence and potential coverage as the Company announced on October 20, 2017, its unaudited financial results for Q3 2017 which ended on September 30, 2017. Tune in to our site to register for a free membership, and be among the early birds that get our report on Altra Industrial Motion when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on EMR; also brushing on AIMC. Go directly to your stock of interest and access today's free coverage at:

http://protraderdaily.com/optin/?symbol=EMR

http://protraderdaily.com/optin/?symbol=AIMC

Sharing his views on the matter, David N. Farr, Chairman and CEO of Emerson, said:

"Weather events disrupted our operations and end markets in the final two months of the fiscal year. Given the importance of the affected regions to our sales and operations, the potential negative impact to Emerson could have been significant. However, our global teams were able to moderate the storm impact, executing well through the quarter to help our customers rebuild and to deliver strong earnings and cash flow to close the fiscal year."

Key financial results for Q4 fiscal 2017

Net sales for Q4 fiscal 2017 was $4.4 billion which showed an increase of 13%. Sales figures reflected the benefits of acquiring Valves & Controls which contributed to sales growth of 3%. Sales for the quarter were impacted due to the Hurricanes Harvey and Irma, however, the company is confident that it will recover from the sales deficit in the next 12 months.

Net sales for the fiscal year 2017 was $15.3 billion which showed an increase of 5% including the benefits of acquiring Valves & Controls which contributed to sales growth of 1%. The annual sales reflected broad-based recovery across key end markets.

EPS (earnings per share) for the quarter from continuing operations were $0.77 which was 4% higher than the EPS in fiscal year 2016. If the impact of the acquisition of the Valves & Controls is excluded, the EPS is $0.83 which is higher by 12%. The difference of $0.06 in EPS is the result of costs related to the acquisition of Valves & Controls in the first year including accounting charges related to inventory and backlog amortization.

EPS for the year from continuing operations were $2.54. If the impact of the acquisition of the Valves & Controls is excluded, the EPS is $2.64 which is much higher than the estimated EPS guidance of $2.58 to $2.62 provided by the company earlier.

The Company's operating cash flow from continuing operations was $2.7 billion while the cash flow was in excess of $2.2 billion.

In the last quarter of the fiscal year 2017, the company has fulfilled the orders and the performance was in-line with the guidance and expectations aimed by the management and shared during the Electrical Products Group industry conference which was held in May 2017.

The Company would be sharing the complete financial report for Q4 FY17 as well as fiscal 2017 before the market opening on November 07, 2017. These results will reflect the negative impact of the hurricanes on the full-year's earnings, including an immaterial impact in the fourth quarter.

About Emerson

Saint Louis, Missouri based Emerson is a diversified global manufacturing and technology company. The company has two main business verticals - Automation Solutions and Commercial & Residential Solutions.

Under the Automation Solutions platform the company provides complete solutions for industrial business customers in Oil & Gas, Chemical, Refining, Power, and Life Sciences sectors. Under the Commercial & Residential Solutions unit the company offers new solutions in the area of Heating, Ventilation, Air Conditioning and Refrigeration (HVACR), professional tools, cold chain monitoring, and food waste management as well as in areas like air quality, food sustainability and smart-home technology.

Last Close Stock Review

On Tuesday, October 24, 2017, the stock closed the trading session at $66.74, rising slightly by 0.97% from its previous closing price of $66.10. A total volume of 2.97 million shares have exchanged hands, which was higher than the 3-month average volume of 2.48 million shares. Emerson Electric's stock price soared 11.61% in the last three months, 9.02% in the past six months, and 32.66% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have rallied 19.71%. The stock is trading at a PE ratio of 26.47 and has a dividend yield of 2.88%. At Tuesday's closing price, the stock's net capitalization stands at $42.90 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter-holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily