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Franklin Electric reports strong Q4 earnings, raises dividend, but faces lower target price.
Franklin Electric (NASDAQ:FELE) reported strong Q4 earnings of $0.72 EPS, surpassing estimates.
Revenue was $485.75 million, also higher than expected.
The company updated its FY 2025 EPS guidance to 4.050-4.250, with revenue guidance of $2.1-$2.2 billion.
Franklin Electric also increased its quarterly dividend to $0.265, a 6% rise.
Despite this, Robert W. Baird lowered its target price to $105.00.
The company designs and distributes water and fuel pumping systems.
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Franklin Electric reporta fuertes ganancias del Q4, aumenta dividendos, pero se enfrenta a un precio objetivo más bajo.