Fortive (FTV) Updates Q1 Earnings Guidance
Fortive (NYSE:FTV) updated its first quarter earnings guidance on Thursday. The company provided earnings per share guidance of $0.72-0.76 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.71. Fortive also updated its FY18 guidance to $3.35-3.45 EPS.
Several equities analysts have recently issued reports on the company. Citigroup lifted their price target on Fortive from $76.00 to $79.00 and gave the stock a neutral rating in a research report on Friday. BMO Capital Markets lowered their price target on Fortive from $88.00 to $87.00 and set an outperform rating for the company in a research report on Friday. Zacks Investment Research raised Fortive from a hold rating to a buy rating and set a $82.00 price target for the company in a research report on Thursday, January 11th. Royal Bank of Canada reaffirmed a hold rating on shares of Fortive in a research report on Friday. Finally, Stifel Nicolaus lifted their price target on Fortive from $62.00 to $72.00 and gave the stock a hold rating in a research report on Friday, October 27th. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Fortive currently has a consensus rating of Hold and a consensus target price of $73.70.
Fortive (NYSE:FTV) opened at $72.45 on Friday. Fortive has a 52-week low of $56.16 and a 52-week high of $76.68. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.95 and a quick ratio of 1.54. The firm has a market capitalization of $24,030.23, a PE ratio of 24.48, a price-to-earnings-growth ratio of 2.12 and a beta of 0.51.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Friday, February 23rd will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date of this dividend is Thursday, February 22nd. Fortive’s dividend payout ratio (DPR) is 9.46%.
Fortive Company Profile
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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