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Franklin Electric Co., Inc. (FELE)
NASDAQ: FELE · Real-Time Price · USD
109.06
+2.42 (2.27%)
Nov 22, 2024, 4:00 PM EST - Market closed

Franklin Electric Co. Stock Forecast

Stock Price Forecast

The 2 analysts with 12-month price forecasts for FELE stock have an average target of 97.5, with a low estimate of 90 and a high estimate of 105. The average target predicts a decrease of -10.60% from the current stock price of 109.06.

Analyst Consensus: Buy
Target Low Average Median High
Price $90 $97.5 $105 $105
Change -17.48% -10.60% -3.72% -3.72%

Analyst Ratings

The average analyst rating for FELE stock from 3 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating Jun '24Jul '24Aug '24Sep '24Oct '24Nov '24
Strong Buy 111111
Buy 000000
Hold 333322
Sell 000000
Strong Sell 000000
Total 444433

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Michael Halloran
Baird
 Baird
Hold
Maintains
$107 → $105
 Hold Maintains $107 → $105 -3.72% Oct 30, 2024
Matt Summerville
DA Davidson
 DA Davidson
Hold
Maintains
$87 → $90
 Hold Maintains $87 → $90 -17.48% May 1, 2024
Ryan Connors
Northcoast Research
 Northcoast Research
Strong Buy
Upgrades
n/a
 Strong Buy Upgrades n/a n/a Feb 23, 2024
Michael Halloran
Baird
 Baird
Hold
Maintains
$91 → $100
 Hold Maintains $91 → $100 -8.31% Feb 14, 2024
Brent Thielman
DA Davidson
 DA Davidson
Hold
Maintains
$85 → $90
 Hold Maintains $85 → $90 -17.48% May 3, 2023
More Analyst Ratings

Financial Forecast

Revenue This Year
2.05B
from 2.07B
Decreased by -0.93%
Revenue Next Year
2.14B
from 2.05B
Increased by 4.45%
EPS This Year
3.88
from 4.11
Decreased by -5.69%
EPS Next Year
4.42
from 3.88
Increased by 13.95%
Fiscal Year FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Period Ending Dec 31, 2019 Dec 31, 2020 Dec 31, 2021 Dec 31, 2022 Dec 31, 2023 Dec 31, 2024 Dec 31, 2025 Dec 31, 2026
Revenue
1.31B1.25B1.66B2.04B2.07B2.05B2.14B2.24B
Revenue Growth
1.27%-5.12%33.23%22.98%1.05%-0.93%4.45%4.77%
EPS
2.032.143.253.974.113.884.424.98
EPS Growth
-8.97%5.42%51.87%22.15%3.53%-5.69%13.95%12.70%
Forward PE
-----28.1424.6921.91
No. Analysts -----774
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 202420252026
High 2.1B 2.2B 2.3B
Avg 2.0B 2.1B 2.2B
Low 2.0B 2.0B 2.1B

Revenue Growth

Revenue Growth 202420252026
High
2.7%
9.1%
9.2%
Avg
-0.9%
4.4%
4.8%
Low
-5.1%
-1.4%
-0.6%

EPS Forecast

EPS 202420252026
High 4.04 4.67 5.16
Avg 3.88 4.42 4.98
Low 3.61 4.12 4.75

EPS Growth

EPS Growth 202420252026
High
-1.6%
20.5%
16.7%
Avg
-5.7%
13.9%
12.7%
Low
-12.3%
6.2%
7.6%
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.