Fortive (FTV) Expected to Announce Quarterly Earnings on Friday

Fortive (NYSE:FTV) is projected to announce its earnings results before the market opens on Friday, February 7th. Analysts expect the company to announce earnings of $1.12 per share and revenue of $1.63 billion for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

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

NYSE:FTV opened at $81.65 on Friday. The stock’s 50-day moving average is $77.46 and its two-hundred day moving average is $75.20. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.25 and a quick ratio of 0.99. The stock has a market cap of $28.33 billion, a PE ratio of 32.53, a price-to-earnings-growth ratio of 2.15 and a beta of 1.14. Fortive has a fifty-two week low of $66.15 and a fifty-two week high of $87.10.

Fortive Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on FTV. Barclays decreased their target price on shares of Fortive from $95.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. JPMorgan Chase & Co. lowered their target price on Fortive from $92.00 to $90.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 15th. Wells Fargo & Company lifted their price target on Fortive from $77.00 to $80.00 and gave the company an “equal weight” rating in a report on Tuesday, January 7th. Royal Bank of Canada dropped their price objective on Fortive from $85.00 to $77.00 and set a “sector perform” rating on the stock in a report on Thursday, October 31st. Finally, UBS Group assumed coverage on shares of Fortive in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $84.00 target price for the company. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Fortive currently has a consensus rating of “Moderate Buy” and an average target price of $86.45.

Insider Buying and Selling

In related news, SVP Peter C. Underwood sold 5,000 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $76.58, for a total transaction of $382,900.00. Following the completion of the transaction, the senior vice president now directly owns 48,346 shares in the company, valued at $3,702,336.68. This represents a 9.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.01% of the company’s stock.

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.