Fortive (NYSE:FTV) Posts Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Fortive (NYSE:FTV - Get Free Report) announced its quarterly earnings results on Friday. The technology company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.05, Zacks reports. Fortive had a net margin of 14.35% and a return on equity of 12.56%. During the same quarter in the prior year, the business earned $0.98 earnings per share. Fortive updated its Q1 2025 guidance to 0.830-0.860 EPS and its FY 2025 guidance to 4.000-4.120 EPS.

Fortive Trading Down 0.5 %

NYSE FTV traded down $0.37 on Tuesday, hitting $80.14. 2,403,125 shares of the company were exchanged, compared to its average volume of 2,406,038. The company'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. The firm has a market capitalization of $27.80 billion, a P/E ratio of 31.93, a price-to-earnings-growth ratio of 2.14 and a beta of 1.15. Fortive has a twelve month low of $66.15 and a twelve month high of $87.10.

Fortive Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Royal Bank of Canada upped their price objective on shares of Fortive from $77.00 to $85.00 and gave the stock a "sector perform" rating in a report on Monday. JPMorgan Chase & Co. reduced their price objective on shares of Fortive from $92.00 to $90.00 and set an "overweight" rating for the company in a report on Wednesday, January 15th. Citigroup downgraded shares of Fortive from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $92.00 to $86.00 in a report on Monday, December 9th. UBS Group assumed coverage on shares of Fortive in a report on Wednesday, November 13th. They issued a "neutral" rating and a $84.00 price objective for the company. Finally, Truist Financial upped their price objective on shares of Fortive from $89.00 to $90.00 and gave the stock a "buy" rating in a report on Thursday, December 19th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $87.64.

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.