Danaher (DHR) Announces Quarterly Earnings Results, Beats Expectations By $0.03 EPS
Danaher (NYSE:DHR) issued its quarterly earnings data on Thursday. The conglomerate reported $1.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.03, MarketWatch Earnings reports. The firm had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $4.80 billion. Danaher had a net margin of 14.07% and a return on equity of 11.67%. Danaher’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period last year, the firm posted $1.00 EPS.
DHR stock opened at $100.39 on Friday. Danaher has a 52 week low of $90.05 and a 52 week high of $110.13. The stock has a market cap of $70.84 billion, a price-to-earnings ratio of 24.91, a P/E/G ratio of 1.95 and a beta of 1.01. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.50.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 26th. Shareholders of record on Friday, September 28th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.64%. Danaher’s dividend payout ratio (DPR) is 15.88%.
DHR has been the topic of several recent research reports. ValuEngine upgraded shares of Danaher from a “hold” rating to a “buy” rating in a research report on Thursday, July 12th. Zacks Investment Research upgraded shares of Danaher from a “hold” rating to a “buy” rating and set a $119.00 price target on the stock in a research report on Wednesday, September 19th. Morgan Stanley boosted their price target on shares of Danaher from $120.00 to $122.00 and gave the stock an “overweight” rating in a research report on Friday, July 20th. Royal Bank of Canada boosted their price target on shares of Danaher to $107.00 and gave the stock a “positive” rating in a research report on Thursday, July 19th. They noted that the move was a valuation call. Finally, Robert W. Baird dropped their price target on shares of Danaher from $116.00 to $114.00 and set an “outperform” rating on the stock in a research report on Friday. One investment analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $112.14.
Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The company's Life Sciences segment provides laser scanning, compound, surgical, and other stereo microscopes. This segment also offers filtration, separation, and purification technologies to the biopharmaceutical, food and beverage, medical, aerospace, microelectronics, and general industrial sectors.
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