Zacks: Analysts Expect Fortive Corporation (FTV) Will Post Earnings of $0.78 Per Share

Equities research analysts expect that Fortive Corporation (NYSE:FTV) will report earnings per share of $0.78 for the current quarter, according to Zacks Investment Research. Eight analysts have made estimates for Fortive Corporation’s earnings, with the lowest EPS estimate coming in at $0.77 and the highest estimate coming in at $0.79. Fortive Corporation reported earnings of $0.68 per share in the same quarter last year, which suggests a positive year over year growth rate of 14.7%. The business is scheduled to announce its next quarterly earnings report on Tuesday, February 6th.

According to Zacks, analysts expect that Fortive Corporation will report full year earnings of $2.85 per share for the current financial year, with EPS estimates ranging from $2.81 to $2.87. For the next financial year, analysts expect that the company will post earnings of $3.20 per share, with EPS estimates ranging from $3.08 to $3.25. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that cover Fortive Corporation.

Fortive Corporation (NYSE:FTV) last announced its quarterly earnings results on Thursday, October 26th. The technology company reported $0.77 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.04. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.66 billion. Fortive Corporation had a net margin of 14.39% and a return on equity of 31.67%. The firm’s revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.65 earnings per share.

A number of equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Fortive Corporation from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a research report on Tuesday, September 26th. BMO Capital Markets assumed coverage on shares of Fortive Corporation in a research report on Wednesday, November 15th. They set an “outperform” rating and a $82.00 target price on the stock. Royal Bank Of Canada restated a “sector perform” rating and set a $66.00 target price (up from $65.00) on shares of Fortive Corporation in a research report on Sunday, July 30th. Stifel Nicolaus raised their target price on shares of Fortive Corporation from $62.00 to $72.00 and gave the stock a “hold” rating in a research report on Friday, October 27th. Finally, Morgan Stanley restated an “equal weight” rating and set a $72.00 target price (up from $71.00) on shares of Fortive Corporation in a research report on Monday, October 2nd. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $70.27.

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In other Fortive Corporation news, insider James A. Lico sold 50,000 shares of the firm’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $73.14, for a total value of $3,657,000.00. Following the completion of the sale, the insider now owns 166,014 shares of the company’s stock, valued at $12,142,263.96. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Stacey A. Walker sold 4,775 shares of the firm’s stock in a transaction on Tuesday, October 31st. The shares were 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. 12.10% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the business. Spot Trading L.L.C. acquired a new position in shares of Fortive Corporation during the 1st quarter worth $637,000. Creative Planning raised its stake in shares of Fortive Corporation by 8.4% during the 2nd quarter. Creative Planning now owns 7,930 shares of the technology company’s stock worth $502,000 after buying an additional 614 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in shares of Fortive Corporation during the 2nd quarter worth $173,000. Louisiana State Employees Retirement System raised its stake in shares of Fortive Corporation by 1.1% during the 2nd quarter. Louisiana State Employees Retirement System now owns 18,750 shares of the technology company’s stock worth $1,188,000 after buying an additional 200 shares during the last quarter. Finally, Page Arthur B raised its stake in shares of Fortive Corporation by 58.0% during the 2nd quarter. Page Arthur B now owns 20,497 shares of the technology company’s stock worth $1,299,000 after buying an additional 7,524 shares during the last quarter. 78.35% of the stock is owned by institutional investors.

Fortive Corporation (NYSE:FTV) opened at $72.81 on Tuesday. The company has a market cap of $25,111.14, a P/E ratio of 26.18, a price-to-earnings-growth ratio of 2.50 and a beta of 0.37. Fortive Corporation has a one year low of $52.99 and a one year high of $74.38. The company has a quick ratio of 1.54, a current ratio of 1.95 and a debt-to-equity ratio of 1.06.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors 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 0.38%. The ex-dividend date is Wednesday, November 22nd. Fortive Corporation’s dividend payout ratio is presently 10.57%.

Fortive Corporation 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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Earnings History and Estimates for Fortive Corporation (NYSE:FTV)

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