Brokers Offer Predictions for Danaher Co.’s Q4 2019 Earnings (DHR)

Danaher Co. (NYSE:DHR) – Analysts at Jefferies Group issued their Q4 2019 EPS estimates for shares of Danaher in a research note issued on Monday, April 16th. Jefferies Group analyst B. Couillard expects that the conglomerate will post earnings per share of $1.34 for the quarter.

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Danaher (NYSE:DHR) last released its earnings results on Tuesday, January 30th. The conglomerate reported $1.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.03. The firm had revenue of $5.09 billion for the quarter, compared to the consensus estimate of $4.97 billion. Danaher had a return on equity of 11.36% and a net margin of 13.60%. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.05 EPS.

Several other equities analysts also recently weighed in on the company. Zacks Investment Research raised Danaher from a “hold” rating to a “buy” rating and set a $109.00 target price on the stock in a research report on Wednesday, April 11th. Morgan Stanley boosted their price objective on Danaher from $110.00 to $112.00 and gave the company an “overweight” rating in a report on Tuesday, April 10th. ValuEngine upgraded Danaher from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Credit Suisse Group boosted their price objective on Danaher from $106.00 to $108.00 and gave the company an “outperform” rating in a report on Tuesday, March 13th. Finally, Deutsche Bank dropped their price objective on Danaher from $114.00 to $107.00 and set a “buy” rating for the company in a report on Thursday, March 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. Danaher has an average rating of “Buy” and a consensus price target of $102.18.

NYSE DHR opened at $102.40 on Wednesday. The company has a market cap of $70,049.92, a PE ratio of 25.41, a P/E/G ratio of 1.93 and a beta of 1.03. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.05 and a current ratio of 1.43. Danaher has a fifty-two week low of $78.97 and a fifty-two week high of $104.82.

Hedge funds have recently modified their holdings of the business. Calton & Associates Inc. purchased a new stake in shares of Danaher in the 4th quarter worth $114,000. First Personal Financial Services lifted its holdings in shares of Danaher by 128.9% in the 4th quarter. First Personal Financial Services now owns 1,227 shares of the conglomerate’s stock worth $114,000 after buying an additional 691 shares during the period. CNB Bank purchased a new stake in shares of Danaher in the 4th quarter worth $116,000. Truewealth LLC purchased a new stake in shares of Danaher in the 4th quarter worth $121,000. Finally, Resources Investment Advisors Inc. raised its position in shares of Danaher by 661.2% in the 4th quarter. Resources Investment Advisors Inc. now owns 1,530 shares of the conglomerate’s stock worth $142,000 after acquiring an additional 1,329 shares in the last quarter. Institutional investors and hedge funds own 77.65% of the company’s stock.

In other Danaher news, insider Rainer Blair sold 3,981 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $100.05, for a total value of $398,299.05. Following the completion of the sale, the insider now directly owns 49,751 shares in the company, valued at approximately $4,977,587.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP William K. Daniel sold 131,066 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $102.05, for a total value of $13,375,285.30. Following the completion of the sale, the executive vice president now owns 270,523 shares of the company’s stock, valued at $27,606,872.15. The disclosure for this sale can be found here. Insiders sold a total of 313,260 shares of company stock valued at $31,657,786 over the last quarter. Company insiders own 11.90% of the company’s stock.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Thursday, March 29th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 0.63%. This is a boost from Danaher’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Wednesday, March 28th. Danaher’s dividend payout ratio is currently 15.88%.

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Danaher Company Profile

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.

Earnings History and Estimates for Danaher (NYSE:DHR)

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