Analysts predict that Fortive (NYSE:FTV) will post earnings of $0.89 per share for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Fortive’s earnings, with estimates ranging from $0.87 to $0.90. Fortive posted earnings of $0.71 per share during the same quarter last year, which would suggest a positive year over year growth rate of 25.4%. The firm is expected to report its next quarterly earnings results on Thursday, July 26th.
On average, analysts expect that Fortive will report full-year earnings of $3.49 per share for the current financial year, with EPS estimates ranging from $3.43 to $3.51. For the next financial year, analysts forecast that the company will report earnings of $3.70 per share, with EPS estimates ranging from $3.28 to $3.83. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that follow Fortive.
Fortive (NYSE:FTV) last announced its quarterly earnings data on Thursday, April 26th. The technology company reported $0.78 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.03. The company had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.71 billion. Fortive had a net margin of 16.12% and a return on equity of 29.86%. The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period last year, the business earned $0.60 EPS.
Shares of Fortive opened at $75.62 on Friday, MarketBeat Ratings reports. The firm has a market cap of $26.36 billion, a price-to-earnings ratio of 26.17, a P/E/G ratio of 2.06 and a beta of 0.51. The company has a quick ratio of 1.69, a current ratio of 2.11 and a debt-to-equity ratio of 0.97. Fortive has a 1-year low of $60.40 and a 1-year high of $80.31.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, May 25th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.37%. The ex-dividend date is Thursday, May 24th. Fortive’s dividend payout ratio (DPR) is presently 9.69%.
In other news, VP Emily A. Weaver sold 18,354 shares of Fortive stock in a transaction dated Tuesday, May 8th. The shares were sold at an average price of $73.80, for a total value of $1,354,525.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James A. Lico sold 75,000 shares of Fortive stock in a transaction dated Wednesday, May 2nd. The shares were sold at an average price of $71.93, for a total transaction of $5,394,750.00. Following the completion of the transaction, the insider now directly owns 307,442 shares of the company’s stock, valued at $22,114,303.06. The disclosure for this sale can be found here. Insiders own 12.20% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Ashfield Capital Partners LLC lifted its position in Fortive by 3.8% in the 4th quarter. Ashfield Capital Partners LLC now owns 18,760 shares of the technology company’s stock valued at $1,357,000 after purchasing an additional 685 shares during the last quarter. Pinnacle Financial Partners Inc. lifted its position in Fortive by 15.1% in the 1st quarter. Pinnacle Financial Partners Inc. now owns 5,546 shares of the technology company’s stock valued at $430,000 after purchasing an additional 728 shares during the last quarter. Stratos Wealth Partners LTD. lifted its position in Fortive by 56.3% in the 1st quarter. Stratos Wealth Partners LTD. now owns 2,125 shares of the technology company’s stock valued at $165,000 after purchasing an additional 765 shares during the last quarter. IFM Investors Pty Ltd lifted its position in Fortive by 8.8% in the 1st quarter. IFM Investors Pty Ltd now owns 9,561 shares of the technology company’s stock valued at $741,000 after purchasing an additional 772 shares during the last quarter. Finally, Lombard Odier Asset Management Switzerland SA lifted its position in Fortive by 2.2% in the 4th quarter. Lombard Odier Asset Management Switzerland SA now owns 36,741 shares of the technology company’s stock valued at $2,658,000 after purchasing an additional 774 shares during the last quarter. 81.09% of the stock is owned by institutional investors and hedge funds.
Fortive Corporation designs, develops, manufactures, markets, and services professional and engineered products, software, and services worldwide. Its Professional Instrumentation segment provides test tools, and thermal imaging and calibration equipment for electrical, industrial, electronic, and calibration applications; online condition-based monitoring equipment; portable gas detection equipment, consumables, and software as a service offerings; subscription-based technical, analytical, and compliance services; and maintenance management software for critical infrastructure in utility, industrial, energy, construction, public safety, mining, and healthcare applications.
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