Eaton Co., PLC (ETN) Receives “Market Perform” Rating from Sanford C. Bernstein

Eaton Co., PLC (NYSE:ETN)‘s stock had its “market perform” rating reiterated by investment analysts at Sanford C. Bernstein in a research note issued to investors on Monday.Eaton Co., PLC (NYSE:ETN) traded down 4.00% during midday trading on Monday, reaching $55.71. The company’s stock had a trading volume of 2,986,924 shares. The company has a market cap of $25.52 billion and a PE ratio of 13.51. The stock has a 50-day moving average price of $61.34 and a 200 day moving average price of $57.62. Eaton Co., PLC has a 12 month low of $46.19 and a 12 month high of $68.23.  Eaton Co., PLC (NYSE:ETN) last issued its quarterly earnings results on Friday, April 29th. The company reported $0.88 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.03. During the same quarter in the previous year, the business earned $1.01 EPS. The company had revenue of $4.81 billion for the quarter, compared to analysts’ expectations of $4.77 billion. The company’s revenue for the quarter was down 7.8% on a year-over-year basis. Analysts expect that Eaton Co., PLC will post $4.29 earnings per share for the current fiscal year.