$0.74 Earnings Per Share Expected for Fortive Corp (FTV) This Quarter
Wall Street brokerages expect that Fortive Corp (NYSE:FTV) will post earnings of $0.74 per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Fortive’s earnings. The lowest EPS estimate is $0.72 and the highest is $0.76. Fortive posted earnings of $0.60 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 23.3%. The business is expected to announce its next quarterly earnings results on Thursday, April 26th.
On average, analysts expect that Fortive will report full year earnings of $3.42 per share for the current financial year, with EPS estimates ranging from $3.35 to $3.47. For the next year, analysts anticipate that the firm will post earnings of $3.69 per share, with EPS estimates ranging from $3.63 to $3.72. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Fortive.
Fortive (NYSE:FTV) last posted its quarterly earnings results on Thursday, February 8th. The technology company reported $0.82 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.04. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.77 billion. Fortive had a return on equity of 30.54% and a net margin of 15.69%. The business’s revenue was up 11.0% compared to the same quarter last year. During the same period last year, the company earned $0.68 earnings per share.
Shares of Fortive (NYSE:FTV) traded up $0.20 during midday trading on Thursday, hitting $75.85. The stock had a trading volume of 1,636,891 shares, compared to its average volume of 1,820,000. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.83 and a quick ratio of 1.47. Fortive has a one year low of $56.73 and a one year high of $76.68. The company has a market cap of $26,360.00 and a P/E ratio of 27.48.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Friday, February 23rd will be paid a $0.07 dividend. The ex-dividend date is Thursday, February 22nd. This represents a $0.28 annualized dividend and a yield of 0.37%. Fortive’s dividend payout ratio (DPR) is presently 10.14%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Calton & Associates Inc. bought a new stake in Fortive in the 4th quarter valued at $107,000. Steward Partners Investment Advisory LLC bought a new stake in Fortive in the 3rd quarter valued at $135,000. Westwood Holdings Group Inc. bought a new stake in Fortive in the 2nd quarter valued at $139,000. Willingdon Wealth Management bought a new stake in Fortive in the 3rd quarter valued at $143,000. Finally, Tower Research Capital LLC TRC bought a new stake in Fortive in the 4th quarter valued at $184,000. Institutional investors and hedge funds own 78.31% of the company’s stock.
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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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