|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||96.61 - 97.44|
|52-week range||96.61 - 97.44|
|Beta (5Y monthly)||1.54|
|PE ratio (TTM)||27.49|
|Earnings date||01 Nov 2021 - 05 Nov 2021|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Emerson (EMR) to combine its software business with Aspen Technology (AZPN) to form new AspenTech. The company reaffirms its outlook for fiscal 2021.
Shares of Aspen Technology (NASDAQ: AZPN) are on fire this week. Industrial giant Emerson Electric (NYSE: EMR) will merge its software operations with AspenTech, adding a $6 billion cash contribution to the reformed company. Emerson becomes the majority shareholder of AspenTech with a 55% stake.
ST. LOUIS, October 13, 2021--Emerson (NYSE: EMR) will report its fourth quarter and full year results prior to market open on Wednesday, Nov. 3, 2021. Emerson senior management will discuss the results during an investor conference call that same day, beginning at 9 a.m. Eastern Time, 8 a.m. Central Time.