Fortive (FTV) Scheduled to Post Earnings on Thursday

Thursday, July 22, 2021 | MarketBeat

Fortive (NYSE:FTV) is set to release its earnings data after the market closes on Thursday, July 29th. Analysts expect Fortive to post earnings of $0.60 per share for the quarter. Persons that wish to listen to the company's earnings conference call can do so using this link.

Fortive (NYSE:FTV) last announced its earnings results on Thursday, April 29th. The technology company reported $0.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.60 by $0.03. Fortive had a return on equity of 12.85% and a net margin of 27.76%. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the previous year, the business earned $0.74 earnings per share. On average, analysts expect Fortive to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of NYSE:FTV opened at $69.56 on Thursday. Fortive has a 1 year low of $60.82 and a 1 year high of $82.12. The company's 50 day simple moving average is $70.72. The stock has a market capitalization of $23.55 billion, a price-to-earnings ratio of 15.19, a PEG ratio of 4.50 and a beta of 1.13. The company has a quick ratio of 0.94, a current ratio of 1.13 and a debt-to-equity ratio of 0.16.

A number of analysts recently issued reports on FTV shares. Zacks Investment Research lowered Fortive from a "buy" rating to a "hold" rating and set a $76.00 price target for the company. in a report on Wednesday, April 21st. Morgan Stanley boosted their price target on Fortive from $76.00 to $81.00 and gave the company an "equal weight" rating in a report on Friday, April 30th. Royal Bank of Canada lowered their price target on Fortive from $79.00 to $75.00 and set a "sector perform" rating for the company in a report on Thursday, May 20th. JPMorgan Chase & Co. upgraded Fortive from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $70.00 to $80.00 in a report on Thursday, May 20th. Finally, Credit Suisse Group lowered their price target on Fortive from $81.00 to $80.00 and set an "outperform" rating for the company in a report on Thursday, May 20th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of "Buy" and a consensus target price of $80.25.

In related news, Director Steven M. Rales sold 60,107 shares of the business's stock in a transaction that occurred on Wednesday, May 12th. The shares were sold at an average price of $69.79, for a total value of $4,194,867.53. Following the completion of the transaction, the director now owns 3,250,072 shares of the company's stock, valued at $226,822,524.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven M. Rales sold 1,368,180 shares of the company's stock in a transaction on Monday, May 10th. The stock was sold at an average price of $72.45, for a total value of $99,124,641.00. Following the transaction, the director now directly owns 3,250,072 shares in the company, valued at $235,467,716.40. The disclosure for this sale can be found here. Insiders own 12.60% of the company's stock.

About Fortive

Fortive Corporation designs, develops, manufactures, markets, and services professional and engineered products, software, and services worldwide. Its Intelligent Operating Solutions segment offers connected reliability tools; environment, health, safety, and quality enterprise software products; facility and asset lifecycle software; pre-construction planning and construction procurement solutions; ruggedized professional test tools; electric, pressure, and temperature calibration tools; and portable gas detection tools for a range of vertical end markets including manufacturing, process industries, healthcare, utilities and power, communications and electronics, and others.

Further Reading: Nikkei 225 Index

Earnings History for Fortive (NYSE:FTV)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $1,000 in Fortive right now?

Before you consider Fortive, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Fortive wasn't on the list.

While Fortive currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The 5 Stocks Here


MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.