Fortive (FTV) Issues Quarterly Earnings Results
Fortive (NYSE:FTV) posted its quarterly earnings results on Thursday. The technology company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.78 by $0.04, Bloomberg Earnings reports. Fortive had a net margin of 15.69% and a return on equity of 32.05%. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter in the previous year, the business posted $0.68 EPS. The firm’s revenue was up 11.0% on a year-over-year basis. Fortive updated its Q1 guidance to $0.72-0.76 EPS and its FY18 guidance to $3.35-3.45 EPS.
Shares of Fortive (NYSE FTV) opened at $72.45 on Friday. The firm has a market cap of $24,030.23, a P/E ratio of 24.48, a PEG ratio of 2.12 and a beta of 0.51. The company has a current ratio of 1.95, a quick ratio of 1.54 and a debt-to-equity ratio of 1.06. Fortive has a 12-month low of $56.16 and a 12-month high of $76.68.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Friday, February 23rd will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $0.28 annualized dividend and a dividend yield of 0.39%. Fortive’s dividend payout ratio is presently 9.46%.
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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