Brokerages expect Danaher Co. (NYSE:DHR) to announce earnings per share (EPS) of $1.15 for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Danaher’s earnings, with estimates ranging from $1.14 to $1.16. Danaher also posted earnings of $1.15 per share in the same quarter last year. The firm is expected to report its next quarterly earnings report on Thursday, July 18th.
On average, analysts expect that Danaher will report full year earnings of $4.77 per share for the current financial year, with EPS estimates ranging from $4.74 to $4.80. For the next fiscal year, analysts anticipate that the company will report earnings of $5.31 per share, with EPS estimates ranging from $4.94 to $5.77. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Danaher.
Danaher (NYSE:DHR) last released its quarterly earnings data on Thursday, April 18th. The conglomerate reported $1.07 EPS for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.06. Danaher had a net margin of 12.04% and a return on equity of 11.61%. The company had revenue of $4.88 billion during the quarter, compared to the consensus estimate of $4.80 billion. During the same quarter in the prior year, the firm earned $0.99 EPS. Danaher’s quarterly revenue was up 3.9% on a year-over-year basis.
A number of equities research analysts have commented on the company. Janney Montgomery Scott raised Danaher from a “neutral” rating to a “buy” rating in a report on Monday, February 25th. UBS Group upped their price target on shares of Danaher from $125.00 to $144.00 and gave the company a “buy” rating in a report on Tuesday, February 26th. Deutsche Bank upped their price target on shares of Danaher to $130.00 and gave the company a “buy” rating in a report on Tuesday, February 26th. Jefferies Financial Group upped their price target on shares of Danaher to $140.00 and gave the company a “buy” rating in a report on Tuesday, February 26th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $138.00 price target (up previously from $114.00) on shares of Danaher in a report on Thursday, February 28th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Danaher currently has an average rating of “Buy” and an average price target of $131.75.
In related news, Chairman Mitchell P. Rales acquired 1,900 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was bought at an average price of $130.78 per share, with a total value of $248,482.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Thomas Patrick Joyce, Jr. sold 3,082 shares of the stock in a transaction that occurred on Sunday, February 24th. The shares were sold at an average price of $131.84, for a total value of $406,330.88. Following the completion of the sale, the chief executive officer now directly owns 302,377 shares of the company’s stock, valued at approximately $39,865,383.68. The disclosure for this sale can be found here. In the last three months, insiders sold 424,761 shares of company stock worth $54,983,097. Insiders own 11.40% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Canton Hathaway LLC lifted its position in Danaher by 8.7% during the first quarter. Canton Hathaway LLC now owns 12,886 shares of the conglomerate’s stock valued at $1,701,000 after purchasing an additional 1,036 shares in the last quarter. Abacus Planning Group Inc. boosted its stake in Danaher by 52.3% during the fourth quarter. Abacus Planning Group Inc. now owns 9,979 shares of the conglomerate’s stock worth $225,000 after buying an additional 3,428 shares in the last quarter. Municipal Employees Retirement System of Michigan acquired a new stake in Danaher during the fourth quarter worth $1,705,000. IHT Wealth Management LLC boosted its stake in Danaher by 5.1% during the fourth quarter. IHT Wealth Management LLC now owns 2,023 shares of the conglomerate’s stock worth $209,000 after buying an additional 98 shares in the last quarter. Finally, Advisor Partners LLC boosted its stake in Danaher by 17.3% during the fourth quarter. Advisor Partners LLC now owns 19,477 shares of the conglomerate’s stock worth $2,008,000 after buying an additional 2,868 shares in the last quarter. 76.98% of the stock is owned by institutional investors.
DHR stock traded up $1.52 during trading on Thursday, hitting $132.27. 1,515,891 shares of the company traded hands, compared to its average volume of 2,838,765. The stock has a market capitalization of $92.68 billion, a PE ratio of 29.26, a P/E/G ratio of 2.50 and a beta of 1.02. Danaher has a 1 year low of $94.59 and a 1 year high of $134.67. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.18 and a quick ratio of 1.74.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, June 28th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date is Thursday, June 27th. Danaher’s dividend payout ratio is 15.04%.
Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The company's Life Sciences segment provides mass spectrometers; cellular analysis, lab automation, and centrifugation instruments; microscopes; and genomics consumables.
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