Fortive Corporation (NYSE:FTV) manufacturer of industrial products, is expected to report third quarter earnings results, after market close, on Tuesday 27th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.86 per share.
Looking ahead, the full year income are expected at $ 2.93 per share on the revenues of $ 6487.18 million.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 1,897.00 million ~ $ 1,897.00 million
Full Year 2020 bottomline are predicted in a range of $ 3.68 ~ $ 3.78 per share
Click Here For More Historical Outlooks Of Fortive Corporation
Previous Quarter Performance
Fortive Corporation came out with income for the second quarter of $ 0.68 per share, from the revenue of $ 1,571.00 million. The quarterly earnings down 24.44 percent while revenues shrunk 15.75 percent compared with the same quarter last year.
Wall street analysts are predicting, FTV to report 2Q20 income of $ 0.58 per share from revenue of $ 1493.94 million. The bottom line results beat street analysts by $ 0.1 or 17.24 percent, at the same time, top line results outshined analysts by $ 77.06 million or 5.16 percent.
Stock Performance
Shares of Fortive Corporation traded low $ -0.02 or -0.03 percent on Friday, reaching $ 66.50 with volume of 2.75 million shares. Fortive Corporation has traded high as $ 67.34 and has cracked $ 66.34 on the downward trend
According to the previous trading day, closing price of $ 66.50, representing a 113.07 % increase from the 52 week low of $ 31.22 and a 6.34 % decrease over the 52 week high of $ 71.02.
The company has a market capital of $ 22.73 billion and is part of the Technology sector and Scientific & Technical Instruments industry.
Recent Analyst recommendations
- On 16th October 2020, maintained by Morgan Stanley at Overweight rating, with $ 75.00 target price.
- On 14th October 2020, maintained by Credit Suisse Group at Outperform rating, with $ 74.00 target price.
- On 6th October 2020, maintained by Credit Suisse Group at Outperform rating, with $ 89.00 target price.
- On 29th September 2020, maintained by Morgan Stanley at Overweight rating, with $ 88.00 target price.
- On 10th September 2020, maintained by Rosenblatt Securities at Neutral rating, with $ 81.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.07 per share on August 5, 2020. The dividend were payable on September 25, 2020 to holders of record as of the close of business on August 28, 2020 and ex-dividend date on August 27, 2020.
Conference Call
Fortive Corporation will be hosting a conference call at 5:30 PM eastern time on 27th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.fortive.com
Fortive Corporation designs, develops, manufactures, markets, and services professional and engineered products, software, and services worldwide. Its Professional Instrumentation segment provides test tools, and thermal imaging and calibration equipment for electrical, industrial, electronic, and calibration applications; online condition-based monitoring equipment; portable gas detection equipment, consumables, and software as a service offerings; subscription-based technical, analytical, and compliance services; and software, data analytics, and services for critical infrastructure in utility, industrial, energy, construction, public safety, mining, and healthcare applications. This segment also provides product realization services and products that help developers and engineers across the end-to-end product creation cycle from concepts to finished products; materials components; and devices that sense, monitor, and control operational or manufacturing variables.
