Fortive (NYSE:FTV) Updates FY 2025 Earnings Guidance

Fortive (NYSE:FTV - Get Free Report) updated its FY 2025 earnings guidance on Friday. The company provided EPS guidance of 4.000-4.120 for the period, compared to the consensus EPS estimate of 4.130. The company issued revenue guidance of $6.2 billion-$6.4 billion, compared to the consensus revenue estimate of $6.5 billion. Fortive also updated its Q1 2025 guidance to 0.830-0.860 EPS.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Truist Financial lifted their target price on Fortive from $89.00 to $90.00 and gave the company a "buy" rating in a report on Thursday, December 19th. Barclays decreased their price objective 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. UBS Group initiated coverage on shares of Fortive in a report on Wednesday, November 13th. They set a "neutral" rating and a $84.00 target price on the stock. JPMorgan Chase & Co. lowered their price target on Fortive from $92.00 to $90.00 and set an "overweight" rating for the company in a report on Wednesday, January 15th. Finally, StockNews.com cut Fortive from a "buy" rating to a "hold" rating in a report on Monday. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $87.64.

Fortive Stock Performance

Shares of NYSE FTV traded down $0.73 during midday trading on Tuesday, hitting $79.77. 1,071,519 shares of the company's stock were exchanged, compared to its average volume of 2,354,601. Fortive has a twelve month low of $66.15 and a twelve month high of $87.10. The firm has a market cap of $27.68 billion, a P/E ratio of 31.78, a PEG ratio of 2.14 and a beta of 1.15. The stock's 50 day moving average price is $77.69 and its 200-day moving average price is $75.47. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.25 and a quick ratio of 0.99.

Fortive (NYSE:FTV - Get Free Report) last released its quarterly earnings results on Friday, February 7th. The technology company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.05. Fortive had a return on equity of 12.56% and a net margin of 14.35%. During the same period in the previous year, the business earned $0.98 earnings per share. Equities research analysts anticipate that Fortive will post 3.84 EPS for the current year.

Fortive Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date is Friday, February 28th. Fortive's payout ratio is currently 12.75%.

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.