Brokerages Anticipate Danaher Co. (NYSE:DHR) to Post $1.15 Earnings Per Share

Wall Street analysts expect Danaher Co. (NYSE:DHR) to report $1.15 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Danaher’s earnings, with the lowest EPS estimate coming in at $1.13 and the highest estimate coming in at $1.16. Danaher reported earnings of $1.10 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 4.5%. The firm is scheduled to announce its next quarterly earnings results on Thursday, October 17th.

On average, analysts expect that Danaher will report full year earnings of $4.79 per share for the current financial year, with EPS estimates ranging from $4.77 to $4.80. For the next financial year, analysts anticipate that the company will post earnings of $5.49 per share, with EPS estimates ranging from $5.10 to $5.80. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow Danaher.

Danaher (NYSE:DHR) last announced its quarterly earnings data on Thursday, July 18th. The conglomerate reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.04. Danaher had a return on equity of 11.53% and a net margin of 12.22%. The company had revenue of $5.16 billion during the quarter, compared to analyst estimates of $5.09 billion. During the same quarter last year, the firm posted $1.15 EPS. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis.



DHR has been the subject of several recent research reports. Janney Montgomery Scott lifted their price objective on Danaher from $136.00 to $174.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. Argus lifted their price objective on Danaher to $165.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Wolfe Research initiated coverage on Danaher in a report on Thursday, May 30th. They issued an “outperform” rating for the company. Zacks Investment Research raised Danaher from a “sell” rating to a “hold” rating in a report on Monday, May 6th. Finally, Robert W. Baird lifted their target price on Danaher from $131.00 to $148.00 and gave the company an “outperform” rating in a report on Friday, July 19th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Danaher presently has an average rating of “Buy” and a consensus target price of $143.54.

In other Danaher news, SVP William King sold 12,950 shares of Danaher stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $129.92, for a total transaction of $1,682,464.00. Following the completion of the transaction, the senior vice president now owns 29,070 shares of the company’s stock, valued at approximately $3,776,774.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brian W. Ellis sold 1,010 shares of Danaher stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $144.04, for a total value of $145,480.40. Following the transaction, the insider now directly owns 20,889 shares of the company’s stock, valued at approximately $3,008,851.56. The disclosure for this sale can be found here. Insiders have sold a total of 361,850 shares of company stock valued at $49,587,520 in the last ninety days. Insiders own 11.40% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. MBM Wealth Consultants LLC lifted its holdings in shares of Danaher by 2.0% during the 2nd quarter. MBM Wealth Consultants LLC now owns 3,701 shares of the conglomerate’s stock worth $529,000 after acquiring an additional 74 shares during the period. Mechanics Bank Trust Department grew its stake in shares of Danaher by 1.7% in the second quarter. Mechanics Bank Trust Department now owns 4,384 shares of the conglomerate’s stock valued at $627,000 after acquiring an additional 75 shares in the last quarter. Adirondack Trust Co. grew its stake in shares of Danaher by 3.1% in the first quarter. Adirondack Trust Co. now owns 2,635 shares of the conglomerate’s stock valued at $349,000 after acquiring an additional 78 shares in the last quarter. HL Financial Services LLC grew its stake in shares of Danaher by 0.4% in the first quarter. HL Financial Services LLC now owns 19,148 shares of the conglomerate’s stock valued at $2,528,000 after acquiring an additional 79 shares in the last quarter. Finally, Cornerstone Advisors Inc. grew its stake in shares of Danaher by 2.9% in the first quarter. Cornerstone Advisors Inc. now owns 2,783 shares of the conglomerate’s stock valued at $367,000 after acquiring an additional 79 shares in the last quarter. 79.35% of the stock is owned by institutional investors and hedge funds.

DHR traded up $0.83 during trading hours on Thursday, hitting $137.19. The stock had a trading volume of 2,188,344 shares, compared to its average volume of 2,612,125. The company’s fifty day simple moving average is $141.39 and its 200 day simple moving average is $131.52. Danaher has a 1 year low of $94.59 and a 1 year high of $145.50. The stock has a market cap of $99.31 billion, a PE ratio of 30.35, a price-to-earnings-growth ratio of 2.50 and a beta of 0.94. The company has a quick ratio of 1.91, a current ratio of 2.32 and a debt-to-equity ratio of 0.33.

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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