Tonix Pharmaceuticals stock halted ahead of FDA approval news
Franklin Electric Co., Inc. (NASDAQ:FELE) shares have touched a 52-week low, dipping to $91.64, though InvestingPro analysis suggests the stock is trading near its Fair Value. The company, known for its water and fueling systems, maintains strong fundamentals with an impressive 32-year streak of dividend increases and consistently low price volatility. This latest price level reflects a moderate decline in investor confidence, with the stock down 6.73% over the past year. Despite the recent weakness, InvestingPro data reveals Franklin Electric’s robust financial health, with more cash than debt on its balance sheet and strong cash flows covering interest payments. Get access to 8 more exclusive ProTips and a comprehensive Pro Research Report, part of the in-depth analysis available for 1,400+ top US stocks.
In other recent news, Franklin Electric Co., Inc. reported better-than-expected earnings for the fourth quarter of 2024. The company achieved an earnings per share (EPS) of $0.72, surpassing the forecasted $0.67, and reported revenue of $485.7 million, exceeding the expected $469.88 million. Despite these positive results, Franklin Electric’s operating income saw a decline due to restructuring expenses and cost reduction measures. In related developments, DA Davidson maintained a Neutral rating on Franklin Electric stock, noting that the company’s fourth-quarter sales outperformed their model by approximately $14 million. Franklin Electric’s Chief Financial Officer, Jeffery Taylor, announced his decision to step down by March 2025, with the company yet to name a successor. The company’s ongoing strategic acquisitions in Australia and Latin America are expected to contribute to future growth. Franklin Electric has projected its 2025 EPS guidance slightly below DA Davidson’s expectations, but the company’s balance sheet remains strong. Investors are closely monitoring these developments as they unfold.
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