Danaher Co. (NYSE:DHR) to Post Q1 2024 Earnings of $1.71 Per Share, William Blair Forecasts

Danaher Co. (NYSE:DHRFree Report) – William Blair reduced their Q1 2024 earnings per share (EPS) estimates for Danaher in a report released on Wednesday, January 31st. William Blair analyst M. Larew now anticipates that the conglomerate will post earnings of $1.71 per share for the quarter, down from their previous forecast of $1.81. The consensus estimate for Danaher’s current full-year earnings is $7.39 per share. William Blair also issued estimates for Danaher’s Q3 2024 earnings at $1.90 EPS, Q4 2024 earnings at $2.38 EPS, FY2024 earnings at $7.61 EPS, Q1 2025 earnings at $2.05 EPS, Q2 2025 earnings at $2.08 EPS, Q3 2025 earnings at $2.17 EPS, Q4 2025 earnings at $2.66 EPS and FY2025 earnings at $8.96 EPS.

Several other research firms have also issued reports on DHR. Raymond James lifted their target price on Danaher from $240.00 to $270.00 and gave the company an “outperform” rating in a research note on Wednesday. Barclays lowered Danaher from an “overweight” rating to an “equal weight” rating and set a $240.00 target price on the stock. in a research note on Wednesday, January 24th. Wolfe Research started coverage on Danaher in a research note on Wednesday, December 13th. They issued a “peer perform” rating on the stock. KeyCorp cut their target price on Danaher from $300.00 to $260.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 25th. Finally, TheStreet upgraded Danaher from a “c+” rating to a “b-” rating in a research note on Friday, December 8th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $263.86.

View Our Latest Analysis on Danaher

Danaher Stock Performance

DHR stock opened at $239.91 on Thursday. The business has a 50-day moving average price of $227.80 and a 200 day moving average price of $231.87. Danaher has a 1-year low of $182.09 and a 1-year high of $248.78. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.26 and a quick ratio of 1.94. The company has a market capitalization of $177.28 billion, a P/E ratio of 30.25, a PEG ratio of 2.51 and a beta of 0.85.

Danaher (NYSE:DHRGet Free Report) last released its quarterly earnings data on Tuesday, January 30th. The conglomerate reported $2.09 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.18. The firm had revenue of $6.41 billion during the quarter, compared to the consensus estimate of $6.10 billion. Danaher had a return on equity of 13.71% and a net margin of 20.01%. The firm’s quarterly revenue was down 10.2% on a year-over-year basis. During the same period in the previous year, the company posted $2.87 earnings per share.

Institutional Investors Weigh In On Danaher

Large investors have recently bought and sold shares of the company. Fairfield Bush & CO. lifted its holdings in Danaher by 10.9% in the first quarter. Fairfield Bush & CO. now owns 4,840 shares of the conglomerate’s stock valued at $1,420,000 after acquiring an additional 475 shares during the period. Zions Bancorporation N.A. lifted its holdings in Danaher by 19.3% in the first quarter. Zions Bancorporation N.A. now owns 2,468 shares of the conglomerate’s stock valued at $724,000 after acquiring an additional 400 shares during the period. Covestor Ltd lifted its holdings in Danaher by 76.8% in the first quarter. Covestor Ltd now owns 495 shares of the conglomerate’s stock valued at $145,000 after acquiring an additional 215 shares during the period. NewEdge Advisors LLC lifted its holdings in Danaher by 14.1% in the first quarter. NewEdge Advisors LLC now owns 31,530 shares of the conglomerate’s stock valued at $9,248,000 after acquiring an additional 3,897 shares during the period. Finally, Bridgewater Associates LP lifted its holdings in Danaher by 135.9% in the first quarter. Bridgewater Associates LP now owns 35,270 shares of the conglomerate’s stock valued at $10,346,000 after acquiring an additional 20,320 shares during the period. Hedge funds and other institutional investors own 76.71% of the company’s stock.

Danaher Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 26th. Investors of record on Friday, December 29th were given a $0.24 dividend. The ex-dividend date was Thursday, December 28th. This represents a $0.96 dividend on an annualized basis and a yield of 0.40%. Danaher’s dividend payout ratio is currently 12.11%.

About Danaher

(Get Free Report)

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The Biotechnology segments offers bioprocess technologies, consumables, and services; lab filtration, separation, and purification; lab-scale protein purification and analytical tools; reagents, membranes and services; and healthcare filtration solutions.

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Earnings History and Estimates for Danaher (NYSE:DHR)

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