Analysts Expect Fortive Corp (FTV) to Announce $0.74 EPS

Analysts expect Fortive Corp (NYSE:FTV) to announce earnings per share (EPS) of $0.74 for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Fortive’s earnings, with estimates ranging from $0.68 to $0.76. Fortive posted earnings per share of $0.60 during the same quarter last year, which would indicate a positive year over year growth rate of 23.3%. The firm is expected to report its next quarterly earnings report on Thursday, April 26th.

On average, analysts expect that Fortive will report full year earnings of $3.40 per share for the current fiscal year, with EPS estimates ranging from $3.19 to $3.47. For the next fiscal year, analysts forecast that the firm will report earnings of $3.67 per share, with EPS estimates ranging from $3.51 to $3.72. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that cover Fortive.

Fortive (NYSE:FTV) last posted its quarterly earnings results on Thursday, February 8th. The technology company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.04. The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.77 billion. Fortive had a return on equity of 30.54% and a net margin of 15.69%. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.68 EPS.

A number of brokerages recently issued reports on FTV. Stifel Nicolaus increased their price objective on Fortive from $62.00 to $72.00 and gave the stock a “hold” rating in a report on Friday, October 27th. Citigroup increased their price objective on Fortive from $72.00 to $74.00 and gave the stock a “neutral” rating in a report on Friday, October 27th. SunTrust Banks reissued a “buy” rating and set a $81.00 price objective on shares of Fortive in a report on Friday, October 27th. BMO Capital Markets began coverage on Fortive in a report on Wednesday, November 15th. They set an “outperform” rating and a $82.00 price objective on the stock. Finally, ValuEngine cut Fortive from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $75.50.

Institutional investors and hedge funds have recently modified their holdings of the stock. Calton & Associates Inc. purchased a new stake in shares of Fortive in the 4th quarter valued at about $107,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of Fortive in the 3rd quarter valued at about $135,000. Westwood Holdings Group Inc. purchased a new stake in shares of Fortive in the 2nd quarter valued at about $139,000. Willingdon Wealth Management purchased a new stake in shares of Fortive in the 3rd quarter valued at about $143,000. Finally, Tower Research Capital LLC TRC purchased a new stake in shares of Fortive in the 4th quarter valued at about $184,000. 78.59% of the stock is currently owned by institutional investors and hedge funds.

Fortive (NYSE FTV) opened at $74.19 on Thursday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.47 and a current ratio of 1.83. The firm has a market capitalization of $25,790.00 and a price-to-earnings ratio of 26.88. Fortive has a 12 month low of $56.73 and a 12 month high of $76.68.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Friday, February 23rd will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $0.28 dividend on an annualized basis and a yield of 0.38%. Fortive’s dividend payout ratio (DPR) is 10.14%.

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About Fortive

Fortive Corporation is a diversified industrial growth company. The Company designs, develops, manufactures and markets professional and engineered products, software and services for a range of end markets. The Company operates through two segments: Professional Instrumentation and Industrial Technologies.

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Earnings History and Estimates for Fortive (NYSE:FTV)

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