Equities research analysts expect Fortive Corp (NYSE:FTV) to report sales of $1.98 billion for the current quarter, Zacks reports. Three analysts have made estimates for Fortive’s earnings, with estimates ranging from $1.95 billion to $1.99 billion. Fortive reported sales of $1.76 billion during the same quarter last year, which would suggest a positive year over year growth rate of 12.5%. The firm is scheduled to report its next quarterly earnings report on Thursday, February 6th.

On average, analysts expect that Fortive will report full year sales of $7.32 billion for the current fiscal year, with estimates ranging from $7.27 billion to $7.35 billion. For the next financial year, analysts expect that the business will report sales of $7.78 billion, with estimates ranging from $7.71 billion to $7.89 billion. Zacks’ sales averages are an average based on a survey of research analysts that follow Fortive.

Fortive (NYSE:FTV) last issued its quarterly earnings data on Thursday, October 24th. The technology company reported $0.87 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.87. The company had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.89 billion. Fortive had a return on equity of 17.41% and a net margin of 37.57%. Fortive’s revenue was up 16.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.86 earnings per share.

A number of equities research analysts have issued reports on the company. Argus downgraded Fortive from a “buy” rating to a “hold” rating in a research note on Monday, October 28th. Berenberg Bank set a $86.00 price objective on shares of Fortive and gave the stock a “buy” rating in a report on Wednesday, September 18th. Citigroup cut their target price on shares of Fortive from $86.00 to $76.00 and set a “neutral” rating for the company in a research report on Tuesday, October 15th. Barclays reduced their target price on shares of Fortive from $89.00 to $84.00 and set an “overweight” rating for the company in a report on Thursday, September 5th. Finally, Royal Bank of Canada set a $73.00 price target on shares of Fortive and gave the stock a “hold” rating in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $77.92.

NYSE:FTV traded up $0.57 on Tuesday, hitting $72.87. The stock had a trading volume of 1,711,132 shares, compared to its average volume of 1,487,162. The stock has a market cap of $24.28 billion, a price-to-earnings ratio of 23.81, a price-to-earnings-growth ratio of 2.64 and a beta of 1.21. The company has a quick ratio of 0.96, a current ratio of 1.19 and a debt-to-equity ratio of 0.72. The business’s 50-day simple moving average is $71.38 and its two-hundred day simple moving average is $73.37. Fortive has a 52-week low of $62.89 and a 52-week high of $89.48.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date of this dividend is Wednesday, November 27th. Fortive’s payout ratio is 9.15%.

In other Fortive news, SVP Martin Gafinowitz sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $71.27, for a total value of $2,138,100.00. Following the completion of the transaction, the senior vice president now directly owns 101,169 shares in the company, valued at $7,210,314.63. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 12.70% of the stock is owned by insiders.

Large investors have recently bought and sold shares of the business. Commonwealth Equity Services LLC boosted its holdings in Fortive by 1.6% during the second quarter. Commonwealth Equity Services LLC now owns 25,172 shares of the technology company’s stock worth $2,052,000 after purchasing an additional 391 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in shares of Fortive by 53.1% in the second quarter. Quadrant Capital Group LLC now owns 2,842 shares of the technology company’s stock valued at $224,000 after acquiring an additional 986 shares in the last quarter. Puzo Michael J grew its holdings in shares of Fortive by 13.4% in the second quarter. Puzo Michael J now owns 19,450 shares of the technology company’s stock valued at $1,584,000 after acquiring an additional 2,300 shares in the last quarter. Elefante Mark B grew its holdings in shares of Fortive by 5.8% in the second quarter. Elefante Mark B now owns 4,545 shares of the technology company’s stock valued at $370,000 after acquiring an additional 250 shares in the last quarter. Finally, Gardiner Nancy B increased its position in shares of Fortive by 28.0% during the second quarter. Gardiner Nancy B now owns 4,340 shares of the technology company’s stock valued at $354,000 after acquiring an additional 950 shares during the last quarter. 82.85% of the stock is currently owned by institutional investors and hedge funds.

Fortive Company Profile

Fortive Corporation designs, develops, manufactures, markets, and services professional and engineered products, software, and services worldwide. Its Professional Instrumentation segment provides test tools, and thermal imaging and calibration equipment for electrical, industrial, electronic, and calibration applications; online condition-based monitoring equipment; portable gas detection equipment, consumables, and software as a service offerings; subscription-based technical, analytical, and compliance services; and software, data analytics, and services for critical infrastructure in utility, industrial, energy, construction, public safety, mining, and healthcare applications.

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Earnings History and Estimates for Fortive (NYSE:FTV)

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