Fortive Earnings Perspective: Return On Invested Capital
Pulled from Benzinga Pro data, Fortive (NYSE:FTV) posted Q3 earnings of $189.90 million, an increase from Q2 of 9.77%. Sales dropped to $1.46 billion, a 0.48% decrease between quarters.
Fortive Q3 EPS $0.53 Up From $0.42 YoY, Sales $1.46B Beat $1.44B Estimate
Fortive (NYSE:FTV) reported quarterly earnings of $0.53 per share. This is a 26.19 percent increase over earnings of $0.42 per share from the same period last year. The company reported quarterly sales of $1.46 billion
Where Fortive Stands With Analysts
Fortive (NYSE:FTV) has observed the following analyst ratings within the last quarter:
Fortive Will Perform Consistently Even As Macro Slows Into 2023: Analyst
Fortive Corp’s (NYSE: FTV) stock valuation is “undemanding,” while the company faces lower macro risk to earnings, according to Morga
Morgan Stanley Upgrades Fortive to Overweight, Announces $73 Price Target
Morgan Stanley analyst Joshua Pokrzywinski upgrades Fortive (NYSE:FTV) from Equal-Weight to Overweight and announces $73 price target.
This Favorable Sign Appears On Fortive’s Chart
If history is any guide, there may be good fortune ahead for shares of Fortive (NYSE:FTV). A so-called "golden cross" has formed on its chart and, not surprisingly, this could be bullish for the stock.
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Wells Fargo Maintains Equal-Weight on Fortive, Raises Price Target to $63
Wells Fargo analyst Joseph O'Dea maintains Fortive (NYSE:FTV) with a Equal-Weight and raises the price target from $57 to $63.
JP Morgan Maintains Overweight on Fortive, Raises Price Target to $68
JP Morgan analyst Stephen Tusa maintains Fortive (NYSE:FTV) with a Overweight and raises the price target from $60 to $68.