Danaher Corporation (DHR) to Release Earnings on Thursday
Danaher Corporation (NYSE:DHR) is scheduled to post its quarterly earnings results before the market opens on Thursday, October 19th. Analysts expect Danaher Corporation to post earnings of $0.95 per share for the quarter. Danaher Corporation has set its Q3 guidance at $0.92-0.96 EPS and its FY17 guidance at $3.90-3.97 EPS.
Danaher Corporation (NYSE:DHR) last issued its earnings results on Thursday, July 20th. The conglomerate reported $0.99 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.02. Danaher Corporation had a net margin of 12.63% and a return on equity of 11.15%. The firm had revenue of $4.51 billion for the quarter, compared to analysts’ expectations of $4.50 billion. During the same quarter last year, the company posted $0.90 earnings per share. Danaher Corporation’s revenue was up 6.3% on a year-over-year basis. On average, analysts expect Danaher Corporation to post $3.96 EPS for the current fiscal year and $4.29 EPS for the next fiscal year.
Danaher Corporation (NYSE DHR) opened at 86.96 on Thursday. Danaher Corporation has a one year low of $75.71 and a one year high of $88.62. The company has a market cap of $60.41 billion, a PE ratio of 27.76 and a beta of 1.03. The firm has a 50-day moving average of $85.55 and a 200-day moving average of $84.19.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, September 29th will be given a $0.14 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.56 dividend on an annualized basis and a yield of 0.64%. Danaher Corporation’s dividend payout ratio (DPR) is presently 17.83%.
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In other Danaher Corporation news, insider William King sold 43,688 shares of the stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $82.86, for a total value of $3,619,987.68. Following the completion of the sale, the insider now owns 45,748 shares in the company, valued at $3,790,679.28. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Thomas Patrick Joyce, Jr. sold 9,772 shares of the stock in a transaction on Monday, July 31st. The shares were sold at an average price of $81.78, for a total transaction of $799,154.16. Following the completion of the sale, the insider now owns 155,520 shares of the company’s stock, valued at approximately $12,718,425.60. The disclosure for this sale can be found here. Insiders have sold 71,496 shares of company stock valued at $5,916,223 in the last 90 days. 12.20% of the stock is currently owned by corporate insiders.
A number of equities analysts have commented on the stock. Morgan Stanley restated an “overweight” rating and issued a $95.00 price target (up from $86.00) on shares of Danaher Corporation in a research report on Friday, October 6th. Zacks Investment Research upgraded shares of Danaher Corporation from a “hold” rating to a “buy” rating and set a $97.00 target price on the stock in a research report on Thursday, October 5th. Cowen and Company reiterated a “buy” rating and set a $90.00 target price on shares of Danaher Corporation in a research report on Wednesday, October 4th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a $83.00 target price on shares of Danaher Corporation in a research report on Tuesday, September 26th. Finally, J P Morgan Chase & Co reiterated an “overweight” rating and set a $95.00 target price on shares of Danaher Corporation in a research report on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $92.62.
Danaher Corporation Company Profile
Danaher Corporation (Danaher) designs, manufactures and markets professional, medical, industrial and commercial products and services. The Company operates through four segments: Life Sciences, which offers a range of research tools that scientists use to study the basic building blocks of life, including genes, proteins, metabolites and cells, in order to understand the causes of disease, identify new therapies and test new drugs and vaccines; Diagnostics; which offers analytical instruments, reagents, consumables, software and services; Dental, which provides products that are used to diagnose, treat and prevent disease and ailments of the teeth, gums and supporting bone, and Environmental & Applied Solutions, which consists of various lines of business, including water quality and product identification.
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