Danaher (DHR) Releases FY 2019 Earnings Guidance

Danaher (NYSE:DHR) issued an update on its FY 2019 earnings guidance on Thursday morning. The company provided EPS guidance of $4.72-4.80 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.79. Danaher also updated its FY19 guidance to $4.72-4.80 EPS.

Shares of NYSE DHR traded up $0.34 during trading on Friday, hitting $131.68. 1,587,625 shares of the company traded hands, compared to its average volume of 2,622,772. Danaher has a 1 year low of $94.59 and a 1 year high of $134.67. The stock has a market capitalization of $94.03 billion, a PE ratio of 29.13, a P/E/G ratio of 2.54 and a beta of 1.02. The company has a quick ratio of 1.74, a current ratio of 2.18 and a debt-to-equity ratio of 0.32.

Danaher (NYSE:DHR) last announced its quarterly earnings results on Thursday, April 18th. The conglomerate reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.06. Danaher had a net margin of 12.04% and a return on equity of 11.61%. The firm had revenue of $4.88 billion during the quarter, compared to analysts’ expectations of $4.80 billion. During the same period in the prior year, the company earned $0.99 EPS. The firm’s revenue was up 3.9% on a year-over-year basis. Equities research analysts expect that Danaher will post 4.77 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Investors of record on Friday, June 28th will be given a dividend of $0.17 per share. The ex-dividend date is Thursday, June 27th. This represents a $0.68 dividend on an annualized basis and a yield of 0.52%. Danaher’s dividend payout ratio (DPR) is 15.04%.

A number of analysts recently weighed in on DHR shares. Janney Montgomery Scott raised shares of Danaher from a neutral rating to a buy rating in a research report on Monday, February 25th. UBS Group upped their price target on shares of Danaher from $125.00 to $144.00 and gave the stock a buy rating in a research report on Tuesday, February 26th. Deutsche Bank upped their price objective on shares of Danaher to $130.00 and gave the company a buy rating in a research report on Tuesday, February 26th. Jefferies Financial Group upped their price objective on shares of Danaher to $140.00 and gave the company a buy rating in a research report on Tuesday, February 26th. Finally, Needham & Company LLC reissued a buy rating and issued a $138.00 price objective (up from $114.00) on shares of Danaher in a research report on Thursday, February 28th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $131.75.

In other news, insider Rainer Blair sold 37,859 shares of the company’s stock in a transaction dated Wednesday, February 27th. The shares were sold at an average price of $127.45, for a total value of $4,825,129.55. Following the sale, the insider now owns 32,661 shares in the company, valued at approximately $4,162,644.45. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Walter G. Lohr sold 10,578 shares of the company’s stock in a transaction dated Wednesday, February 27th. The shares were sold at an average price of $126.85, for a total transaction of $1,341,819.30. Following the completion of the sale, the director now owns 20,691 shares in the company, valued at approximately $2,624,653.35. The disclosure for this sale can be found here. In the last 90 days, insiders sold 424,761 shares of company stock worth $54,983,097. Company insiders own 11.40% of the company’s stock.

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About Danaher

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The company's Life Sciences segment provides mass spectrometers; cellular analysis, lab automation, and centrifugation instruments; microscopes; and genomics consumables.

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Earnings History and Estimates for Danaher (NYSE:DHR)

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