Fortive (FTV) to Release Quarterly Earnings on Wednesday

Fortive (NYSE:FTV) is set to post its quarterly earnings results before the market opens on Wednesday, April 24th. Analysts expect Fortive to post earnings of $0.80 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

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

Fortive Stock Up 1.1 %

Shares of NYSE FTV opened at $80.36 on Tuesday. The firm has a 50-day simple moving average of $84.35 and a two-hundred day simple moving average of $76.10. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 1.75. Fortive has a 1 year low of $62.70 and a 1 year high of $87.10. The company has a market cap of $28.24 billion, a P/E ratio of 32.93, a PEG ratio of 2.43 and a beta of 1.13.

Fortive Dividend Announcement

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

Analyst Ratings Changes

Several analysts have recently weighed in on FTV shares. Citigroup lifted their price target 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. StockNews.com raised shares of Fortive from a “hold” rating to a “buy” rating in a research note on Friday, January 26th. Barclays lifted their price objective on shares of Fortive from $89.00 to $97.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Vertical Research lowered shares of Fortive from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Finally, Mizuho lifted their price objective on shares of Fortive from $70.00 to $80.00 and gave the company a “neutral” rating in a report on Thursday, February 1st. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Fortive presently has a consensus rating of “Moderate Buy” and an average target price of $86.54.

Insiders Place Their Bets

In other news, SVP Stacey A. Walker sold 9,106 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $86.50, for a total transaction of $787,669.00. Following the sale, the senior vice president now directly owns 36,558 shares of the company’s stock, valued at $3,162,267. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, SVP Stacey A. Walker sold 9,106 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $86.50, for a total transaction of $787,669.00. Following the completion of the transaction, the senior vice president now directly owns 36,558 shares in the company, valued at $3,162,267. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Christopher M. Mulhall sold 8,994 shares of the business’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $82.17, for a total transaction of $739,036.98. Following the transaction, the chief accounting officer now owns 20,564 shares of the company’s stock, valued at $1,689,743.88. The disclosure for this sale can be found here. Over the last three months, insiders have sold 63,937 shares of company stock valued at $5,475,122. 0.95% of the stock is currently owned by insiders.

About Fortive

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.