Fortive (FTV) Set to Announce Quarterly Earnings on Wednesday

Fortive (NYSE:FTV) is set to announce its earnings results before the market opens on Wednesday, July 24th. Analysts expect the company to announce earnings of $0.91 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Fortive (NYSE:FTV) last issued its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.04. The firm had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.53 billion. Fortive had a net margin of 14.68% and a return on equity of 12.22%. On average, analysts expect Fortive to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Fortive Trading Up 1.4 %

Shares of NYSE:FTV opened at $76.62 on Tuesday. The company has a market cap of $26.97 billion, a PE ratio of 30.28, a P/E/G ratio of 2.21 and a beta of 1.12. The company’s 50-day moving average price is $74.47 and its 200 day moving average price is $78.43. Fortive has a fifty-two week low of $63.05 and a fifty-two week high of $87.10. The company has a quick ratio of 1.17, a current ratio of 1.50 and a debt-to-equity ratio of 0.38.

Analyst Ratings Changes

Several analysts recently weighed in on FTV shares. StockNews.com upgraded shares of Fortive from a “hold” rating to a “buy” rating in a research report on Monday, May 13th. Truist Financial cut their price objective on shares of Fortive from $96.00 to $89.00 and set a “buy” rating on the stock in a research report on Tuesday, July 2nd. Barclays lowered their target price on shares of Fortive from $97.00 to $93.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 10th. Citigroup lowered their target price on shares of Fortive from $101.00 to $98.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. Finally, Royal Bank of Canada lowered their target price on shares of Fortive from $93.00 to $83.00 and set a “sector perform” rating on the stock in a research note on Thursday, April 25th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $86.08.

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.