Fortive (NYSE:FTV) issued an update on its first quarter earnings guidance on Thursday morning. 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.

Shares of Fortive (NYSE FTV) traded down $2.55 during trading hours on Thursday, reaching $69.14. 2,332,068 shares of the company traded hands, compared to its average volume of 1,567,410. Fortive has a twelve month low of $56.16 and a twelve month high of $76.68. The firm has a market cap of $24,920.00 and a P/E ratio of 27.05. 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 company also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Friday, February 23rd will be paid a $0.07 dividend. The ex-dividend date is Thursday, February 22nd. This represents a $0.28 annualized dividend and a yield of 0.40%. Fortive’s dividend payout ratio (DPR) is currently 10.57%.

Several equities research analysts recently issued reports on FTV shares. BMO Capital Markets started coverage on shares of Fortive in a research note on Wednesday, November 15th. They issued an outperform rating and a $82.00 target price for the company. Royal Bank of Canada reiterated a hold rating and issued a $79.00 target price on shares of Fortive in a research note on Thursday, January 4th. Zacks Investment Research upgraded shares of Fortive from a hold rating to a buy rating and set a $81.00 target price for the company in a research note on Wednesday, January 3rd. UBS Group started coverage on shares of Fortive in a research note on Monday, January 22nd. They issued a buy rating for the company. Finally, SunTrust Banks reiterated a buy rating and issued a $81.00 target price on shares of Fortive in a research note on Friday, October 27th. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $73.30.

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About Fortive

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.

Earnings History and Estimates for Fortive (NYSE:FTV)

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