Danaher (DHR) Issues Q2 Earnings Guidance

Danaher (NYSE:DHR) issued an update on its second quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $1.13-1.16 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.20. Danaher also updated its FY 2019 guidance to $4.72-4.80 EPS.

DHR traded up $0.34 during trading on Friday, reaching $131.68. 1,587,625 shares of the company’s stock were exchanged, compared to its average volume of 2,622,772. The firm has a market capitalization of $94.03 billion, a price-to-earnings ratio of 29.13, a PEG ratio of 2.54 and a beta of 1.02. Danaher has a one year low of $94.59 and a one year high of $134.67. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.18 and a quick ratio of 1.74.

Danaher (NYSE:DHR) last issued its quarterly earnings results on Thursday, April 18th. The conglomerate reported $1.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 for the quarter, compared to the consensus estimate of $4.80 billion. During the same quarter in the previous year, the company earned $0.99 EPS. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. As a group, equities research analysts predict that Danaher will post 4.77 EPS for the current year.

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

Several research analysts have weighed in on DHR shares. Zacks Investment Research downgraded shares of Danaher from a buy rating to a hold rating in a report on Tuesday, April 23rd. Deutsche Bank upped their target price on shares of Danaher to $130.00 and gave the stock a buy rating in a research note on Tuesday, February 26th. Jefferies Financial Group increased their price target on shares of Danaher to $140.00 and gave the company a buy rating in a research report on Tuesday, February 26th. UBS Group increased their price target on shares of Danaher from $125.00 to $144.00 and gave the company a buy rating in a research report on Tuesday, February 26th. Finally, Needham & Company LLC restated a buy rating and set a $141.00 price target (up previously from $138.00) on shares of Danaher in a research report on Wednesday, April 17th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $131.75.

In related news, SVP Angela S. Lalor sold 4,534 shares of Danaher stock in a transaction on Wednesday, February 27th. The shares were sold at an average price of $127.25, for a total value of $576,951.50. Following the sale, the senior vice president now owns 21,209 shares in the company, valued at $2,698,845.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Rainer Blair sold 37,859 shares of Danaher stock in a transaction on Wednesday, February 27th. The shares were sold at an average price of $127.45, for a total transaction of $4,825,129.55. Following the completion of the sale, the insider now owns 32,661 shares in the company, valued at approximately $4,162,644.45. The disclosure for this sale can be found here. Insiders sold 424,761 shares of company stock worth $54,983,097 over the last ninety days. 11.40% of the stock is currently owned by insiders.

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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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