Eaton Corporation PLC Ordinary Shares (ETN) reported quarterly earnings results on Tuesday, Aug-2-2016. The company reported $1.07 EPS for the quarter. Analysts had a consensus estimate of $1.07. The company posted revenue of $5080.00 million in the period, compared to analysts expectations of $5062.14 million. The company’s revenue was down -5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.16 EPS.
Many Wall Street Analysts have commented on Eaton Corporation PLC Ordinary Shares. Eaton Corporation PLC Ordinary Shares was Downgraded by BofA/Merrill to ” Neutral” on Jul 14, 2016.
Eaton Corporation PLC Ordinary Shares closed down -0.6 points or -0.94% at $63.41 with 31,57,865 shares getting traded on Friday. Post opening the session at $63.91, the shares hit an intraday low of $63.06 and an intraday high of $64 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
Investors should note that on Jul 26, 2016, Eaton Corporation PLC Ordinary Shares announced a cash dividend of $0.5700. The company’s management has announced Aug 3, 2016 as the ex-dividend date and fixed the record date on Aug 5, 2016. The payable date has been fixed on Aug 19, 2016.
In a different news, on Jun 9, 2016, Mark M Mcguire (officer ) sold 18,751 shares at $63.04 per share price. According to the SEC, on May 13, 2016, Alexander M Cutler (director officer ) sold 138,762 shares at $62.33 per share price. On Feb 23, 2016, Cynthia K Brabander (officer ) purchased 810 shares at $57.50 per share price, according to the Form-4 filing with the securities and exchange commission.