$0.86 Earnings Per Share Expected for Fortive Corp (FTV) This Quarter

Equities research analysts predict that Fortive Corp (NYSE:FTV) will post earnings per share of $0.86 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Fortive’s earnings, with the lowest EPS estimate coming in at $0.85 and the highest estimate coming in at $0.87. Fortive posted earnings of $0.82 per share in the same quarter last year, which indicates a positive year over year growth rate of 4.9%. The business is expected to report its next quarterly earnings results on Thursday, February 14th.

On average, analysts expect that Fortive will report full year earnings of $3.06 per share for the current year, with EPS estimates ranging from $2.98 to $3.35. For the next year, analysts expect that the firm will report earnings of $3.70 per share, with EPS estimates ranging from $3.42 to $3.95. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow Fortive.

Fortive (NYSE:FTV) last announced its quarterly earnings data on Thursday, October 25th. The technology company reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.02). The firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.86 billion. Fortive had a net margin of 15.72% and a return on equity of 24.91%.

A number of analysts have weighed in on FTV shares. BMO Capital Markets boosted their target price on shares of Fortive from $88.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday, July 27th. Citigroup boosted their target price on shares of Fortive from $80.00 to $84.00 and gave the stock a “neutral” rating in a research note on Monday, July 30th. Morgan Stanley boosted their target price on shares of Fortive from $80.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 31st. Argus boosted their target price on shares of Fortive from $84.00 to $88.00 and gave the stock a “buy” rating in a research note on Tuesday, August 14th. Finally, UBS Group boosted their target price on shares of Fortive from $86.00 to $93.00 and gave the stock a “buy” rating in a research note on Thursday, August 30th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $87.18.

NYSE FTV opened at $75.22 on Wednesday. The firm has a market cap of $25.42 billion, a price-to-earnings ratio of 26.03, a P/E/G ratio of 2.11 and a beta of 0.98. Fortive has a fifty-two week low of $69.03 and a fifty-two week high of $88.34. The company has a current ratio of 0.98, a quick ratio of 0.79 and a debt-to-equity ratio of 0.54.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, November 30th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.37%. Fortive’s payout ratio is presently 9.69%.

In other news, VP Emily A. Weaver sold 9,271 shares of Fortive stock in a transaction on Friday, November 2nd. The shares were sold at an average price of $75.41, for a total transaction of $699,126.11. Following the transaction, the vice president now owns 9,279 shares in the company, valued at $699,729.39. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider William W. Pringle sold 440 shares of Fortive stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $79.38, for a total transaction of $34,927.20. Following the transaction, the insider now owns 20,626 shares in the company, valued at approximately $1,637,291.88. The disclosure for this sale can be found here. In the last quarter, insiders have sold 133,009 shares of company stock worth $10,031,955. 12.10% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the company. Toth Financial Advisory Corp raised its holdings in Fortive by 105.2% in the second quarter. Toth Financial Advisory Corp now owns 1,375 shares of the technology company’s stock worth $106,000 after buying an additional 705 shares during the last quarter. Stratos Wealth Partners LTD. purchased a new stake in Fortive during the third quarter valued at $127,000. Wharton Business Group LLC purchased a new stake in Fortive during the second quarter valued at $932,000. Fort L.P. purchased a new stake in Fortive during the second quarter valued at $122,000. Finally, Flagship Harbor Advisors LLC purchased a new stake in Fortive during the second quarter valued at $132,000. Institutional investors own 85.24% of the company’s stock.

About Fortive

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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