$0.78 Earnings Per Share Expected for Fortive Corporation (FTV) This Quarter

Equities analysts predict that Fortive Corporation (NYSE:FTV) will announce earnings of $0.78 per share for the current quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Fortive’s earnings. The lowest EPS estimate is $0.77 and the highest is $0.79. Fortive reported earnings per share of $0.68 in the same quarter last year, which suggests a positive year-over-year growth rate of 14.7%. The company is expected to report its next quarterly earnings report on Tuesday, February 6th.

On average, analysts expect that Fortive will report full-year earnings of $2.85 per share for the current fiscal year, with EPS estimates ranging from $2.81 to $2.87. For the next year, analysts expect that the company will report earnings of $3.20 per share, with EPS estimates ranging from $3.08 to $3.25. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Fortive.

Fortive (NYSE:FTV) last posted its quarterly earnings results on Thursday, October 26th. The technology company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.04. Fortive had a return on equity of 31.67% and a net margin of 14.39%. The business had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.66 billion. During the same quarter in the prior year, the business earned $0.65 EPS. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis.

Several research analysts have weighed in on the company. SunTrust Banks reiterated a “buy” rating and set a $81.00 price objective on shares of Fortive in a research report on Friday, October 27th. Zacks Investment Research upgraded Fortive from a “hold” rating to a “buy” rating and set a $78.00 price objective on the stock in a research report on Tuesday, September 26th. Royal Bank of Canada reiterated a “hold” rating and set a $70.00 price objective on shares of Fortive in a research report on Wednesday, October 11th. Citigroup increased their price objective on Fortive from $72.00 to $74.00 and gave the stock a “neutral” rating in a research report on Friday, October 27th. Finally, Argus upgraded Fortive from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Fortive has a consensus rating of “Buy” and an average target price of $70.27.

Fortive (NYSE FTV) traded down $0.11 on Friday, reaching $72.41. The company had a trading volume of 943,446 shares, compared to its average volume of 1,340,867. Fortive has a twelve month low of $52.99 and a twelve month high of $75.69. The company has a current ratio of 1.95, a quick ratio of 1.54 and a debt-to-equity ratio of 1.06. The company has a market cap of $25,375.29, a PE ratio of 26.45, a PEG ratio of 2.52 and a beta of 0.38.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, November 24th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.39%. The ex-dividend date is Wednesday, November 22nd. Fortive’s dividend payout ratio (DPR) is currently 10.57%.

In other news, insider James A. Lico sold 50,000 shares of the stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $73.14, for a total transaction of $3,657,000.00. Following the sale, the insider now directly owns 166,014 shares of the company’s stock, valued at approximately $12,142,263.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Stacey A. Walker sold 4,775 shares of the stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $72.49, for a total value of $346,139.75. The disclosure for this sale can be found here. Corporate insiders own 12.10% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in FTV. BDO Wealth Advisors LLC acquired a new stake in Fortive in the second quarter valued at about $128,000. Steward Partners Investment Advisory LLC acquired a new stake in Fortive in the third quarter valued at about $135,000. Westwood Holdings Group Inc. acquired a new stake in Fortive in the second quarter valued at about $139,000. Sun Life Financial INC boosted its stake in Fortive by 21,940.0% in the second quarter. Sun Life Financial INC now owns 2,204 shares of the technology company’s stock valued at $140,000 after buying an additional 2,194 shares in the last quarter. Finally, Willingdon Wealth Management acquired a new stake in Fortive in the third quarter valued at about $143,000. 78.96% of the stock is currently owned by institutional investors.

WARNING: “$0.78 Earnings Per Share Expected for Fortive Corporation (FTV) This Quarter” was first reported by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this report on another site, it was illegally stolen and reposted in violation of United States and international copyright and trademark legislation. The legal version of this report can be viewed at https://sportsperspectives.com/2017/12/13/0-78-earnings-per-share-expected-for-fortive-corporation-ftv-this-quarter.html.

Fortive Company Profile

Fortive Corporation is a diversified industrial growth company. The Company designs, develops, manufactures and markets professional and engineered products, software and services for a range of end markets. The Company operates through two segments: Professional Instrumentation and Industrial Technologies.

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Earnings History and Estimates for Fortive (NYSE:FTV)

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