Danaher Corp. (DHR) to Release Earnings on Thursday
Danaher Corp. (NYSE:DHR) is scheduled to release its Q316 earnings data on Thursday, October 20th. Analysts expect Danaher Corp. to post earnings of $0.82 per share and revenue of $4.14 billion for the quarter.
Danaher Corp. (NYSE:DHR) last announced its quarterly earnings results on Monday, July 25th. The company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.03. The firm had revenue of $5.80 billion for the quarter, compared to analysts’ expectations of $5.76 billion. Danaher Corp. had a return on equity of 13.40% and a net margin of 15.88%. The business’s revenue was up 16.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.08 earnings per share. On average, analysts expect Danaher Corp. to post $3.56 EPS for the current fiscal year and $3.90 EPS for the next fiscal year.
Danaher Corp. (NYSE:DHR) opened at 76.43 on Wednesday. Danaher Corp. has a 1-year low of $61.60 and a 1-year high of $82.64. The firm has a 50-day moving average price of $77.85 and a 200-day moving average price of $76.92. The firm has a market cap of $52.78 billion, a price-to-earnings ratio of 15.20 and a beta of 1.13.
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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 28th. Stockholders of record on Friday, September 30th will be given a $0.125 dividend. The ex-dividend date is Wednesday, September 28th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.65%. Danaher Corp.’s payout ratio is 9.94%.
In other news, insider Thomas Patrick Joyce, Jr. sold 45,897 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $81.44, for a total value of $3,737,851.68. Following the completion of the sale, the insider now owns 179,054 shares of the company’s stock, valued at approximately $14,582,157.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Daniel L. Comas sold 96,446 shares of the company’s stock in a transaction that occurred on Wednesday, July 27th. The stock was sold at an average price of $80.88, for a total transaction of $7,800,552.48. Following the completion of the sale, the chief financial officer now directly owns 215,716 shares of the company’s stock, valued at approximately $17,447,110.08. The disclosure for this sale can be found here. 12.60% of the stock is currently owned by insiders.
Several large investors have recently made changes to their positions in DHR. M Holdings Securities Inc. boosted its stake in shares of Danaher Corp. by 10.2% in the second quarter. M Holdings Securities Inc. now owns 6,900 shares of the company’s stock valued at $697,000 after buying an additional 638 shares during the last quarter. Cypress Capital Group boosted its stake in shares of Danaher Corp. by 32.4% in the second quarter. Cypress Capital Group now owns 4,765 shares of the company’s stock valued at $481,000 after buying an additional 1,165 shares during the last quarter. Moneta Group Investment Advisors LLC boosted its stake in shares of Danaher Corp. by 19.8% in the second quarter. Moneta Group Investment Advisors LLC now owns 13,560 shares of the company’s stock valued at $1,370,000 after buying an additional 2,237 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Danaher Corp. during the second quarter valued at $6,674,000. Finally, Krilogy Financial LLC boosted its stake in shares of Danaher Corp. by 1.7% in the second quarter. Krilogy Financial LLC now owns 2,762 shares of the company’s stock valued at $279,000 after buying an additional 47 shares during the last quarter. 75.73% of the stock is owned by hedge funds and other institutional investors.
DHR has been the subject of a number of recent analyst reports. Goldman Sachs Group Inc. initiated coverage on Danaher Corp. in a research report on Tuesday, July 5th. They issued a “neutral” rating and a $74.00 price objective for the company. Zacks Investment Research raised Danaher Corp. from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a research report on Tuesday, September 27th. Jefferies Group reaffirmed a “buy” rating on shares of Danaher Corp. in a research report on Thursday, September 8th. Barclays PLC reaffirmed an “overweight” rating and issued a $105.00 price objective on shares of Danaher Corp. in a research report on Monday, June 27th. Finally, Sanford C. Bernstein raised Danaher Corp. from a “market perform” rating to an “outperform” rating and set a $120.00 price objective for the company in a research report on Thursday, June 23rd. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $92.87.
Danaher Corp. Company Profile
Danaher Corporation designs, manufactures and markets professional, medical, industrial and commercial products and services. The Company operates in five segments: Test & Measurement; Environmental; Life Sciences & Diagnostics; Dental, and Industrial Technologies. Its Test & Measurement segment offers products, software and services.
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