Fortive (FTV) to Release Earnings on Wednesday

Fortive (NYSE:FTV) will be issuing its quarterly earnings data before the market opens on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.80 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Fortive (NYSE:FTV) last announced its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.93 by $0.05. Fortive had a net margin of 14.27% and a return on equity of 12.12%. The firm had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same period last year, the business earned $0.88 EPS. Fortive’s revenue for the quarter was up 3.5% compared to the same quarter last year. On average, analysts expect Fortive to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Fortive Price Performance

Shares of NYSE:FTV opened at $80.36 on Tuesday. The company’s fifty day moving average price is $84.35 and its 200 day moving average price is $76.10. Fortive has a 12 month low of $62.70 and a 12 month high of $87.10. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 1.75. The firm has a market capitalization of $28.24 billion, a P/E ratio of 32.93, a P/E/G ratio of 2.43 and a beta of 1.13.

Fortive Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 31st will be paid a $0.08 dividend. The ex-dividend date is Friday, May 31st. This represents a $0.32 dividend on an annualized basis and a yield of 0.40%. Fortive’s dividend payout ratio is presently 13.11%.

Insider Transactions at Fortive

In related news, CAO Christopher M. Mulhall sold 8,994 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $82.17, for a total transaction of $739,036.98. Following the sale, the chief accounting officer now owns 20,564 shares of the company’s stock, valued at $1,689,743.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO Tamara S. Newcombe sold 5,000 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $85.00, for a total transaction of $425,000.00. Following the sale, the chief executive officer now owns 55,017 shares of the company’s stock, valued at $4,676,445. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Christopher M. Mulhall sold 8,994 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $82.17, for a total transaction of $739,036.98. Following the sale, the chief accounting officer now directly owns 20,564 shares in the company, valued at approximately $1,689,743.88. The disclosure for this sale can be found here. Insiders have sold a total of 63,937 shares of company stock worth $5,475,122 over the last ninety days. 0.95% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

FTV has been the topic of a number of recent research reports. Wells Fargo & Company lifted their price objective on shares of Fortive from $79.00 to $85.00 and gave the company an “equal weight” rating in a research note on Thursday, February 1st. Barclays lifted their price objective on shares of Fortive from $89.00 to $97.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Citigroup lifted their price objective on shares of Fortive from $90.00 to $101.00 and gave the company a “buy” rating in a research note on Monday, April 8th. JPMorgan Chase & Co. lowered shares of Fortive from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $95.00 to $90.00 in a research note on Wednesday, April 17th. Finally, Vertical Research lowered shares of Fortive from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $86.54.

Fortive Company Profile

Fortive Corporation designs, develops, manufactures, and services professional and engineered products, software, and services in the United States, China, and internationally. It operates in three segments: Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions. The Intelligent Operating Solutions segment provides advanced instrumentation, software, and services, including electrical test and measurement, facility and asset lifecycle software applications, and connected worker safety and compliance solutions for manufacturing, process industries, healthcare, utilities and power, communications and electronics, and other industries.