Fortive (FTV) Projected to Post Quarterly Earnings on Friday

Fortive (NYSE:FTV) is expected to be releasing its earnings data before the market opens on Friday, February 7th. Analysts expect Fortive to post earnings of $1.12 per share and revenue of $1.63 billion for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Fortive (NYSE:FTV) last released its earnings results on Wednesday, October 30th. The technology company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.93 by $0.04. The company had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.55 billion. Fortive had a return on equity of 12.56% and a net margin of 14.35%. The business’s revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.85 EPS. 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 1.2 %

FTV opened at $81.65 on Friday. The stock has a market capitalization of $28.33 billion, a PE ratio of 32.53, a P/E/G ratio of 2.15 and a beta of 1.14. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.25 and a quick ratio of 0.99. Fortive has a 12-month low of $66.15 and a 12-month high of $87.10. The firm’s fifty day moving average price is $77.46 and its 200 day moving average price is $75.20.

Fortive Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be paid a $0.08 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.39%. Fortive’s dividend payout ratio (DPR) is presently 12.75%.

Analyst Ratings Changes

Several analysts have issued reports on the company. StockNews.com upgraded Fortive from a “hold” rating to a “buy” rating in a research note on Saturday, January 25th. Citigroup lowered Fortive from a “buy” rating to a “neutral” rating and dropped their price target for the company from $92.00 to $86.00 in a research report on Monday, December 9th. Barclays reduced their price objective on Fortive from $95.00 to $90.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Wells Fargo & Company increased their target price on shares of Fortive from $77.00 to $80.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 7th. Finally, UBS Group assumed coverage on shares of Fortive in a report on Wednesday, November 13th. They issued a “neutral” rating and a $84.00 price target for the company. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Fortive currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.45.

Insider Buying and Selling

In other Fortive news, SVP Peter C. Underwood sold 5,000 shares of Fortive stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $76.58, for a total value of $382,900.00. Following the transaction, the senior vice president now owns 48,346 shares in the company, valued at approximately $3,702,336.68. The trade was a 9.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.01% of the stock is owned by corporate 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.