December 15th, 2015

Market Update (NYSE:DHR): Danaher To Present At Bernstein Strategic Decisions Conference

[PR Newswire] – WASHINGTON, May 25, 2016 /PRNewswire/ — Danaher Corporation (NYSE: DHR) announced that President and Chief Executive Officer, Thomas P. Joyce, Jr. will be presenting at the Bernstein Strategic Decisions … Read more on this. Danaher Corp. (DHR) , with a current value of $68.64B, started trading this morning at $99.89. Looking at the equity, the company’s one day range is $99.57 to $100.50 and has traded between $81.25 and $100.50 over the past year. DHR shares are currently priced at 20.32x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 15.12x forward p/e ratio. The company pays shareholders $0.64 per share annually in dividends, yielding 0.65%. In a review of the consensus earnings estimate this quarter, 16 sell-side analysts are looking at $1.23 per share, which would be $0.15 better than the year-ago quarter and a $0.01 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $4.92 is a $0.62 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $5.76 Billion. If reported, that would be a 12.28% increase over the year-ago quarter. In terms of ratings, Bernstein downgraded DHR from Outperform to Mkt Perform (Apr 4, 2016). Previously, Sterne Agee CRT Initiated DHR at to Neutral. With the above information in mind, readers should note that the average price target is $103.71, which is 3.82% above where the stock opened this morning. See more in (NYSE:DHR) Similar Articles: Stock Update (NYSE:DOV): Dover To Present At The Bernstein Strategic Decisions Conference Market Update: Danaher Corporation (NYSE:DHR) – Danaher To Present At Electrical Products Group Conference Company Update: Danaher Corporation (NYSE:DHR) – Danaher Schedules First Quarter 2016 Earnings Conference Call
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