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.
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.
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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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