For its second fiscal quarter (ending June 30), Danaher Corp (NYSE: DHR) has reported a -2% decline in E.P.S. from $1.25 a year ago to $1.23 in the current quarter. This performance was $-0.35 short of the consensus estimate of $1.58. For the latest four quarters through June 30, E.P.S. were $4.96 versus $8.08 for the same period a year ago — a decline of -39%.
Recent Price Action
On 7/23/24, Danaher Corp (NYSE: DHR) stock enjoyed a very large increase of 5.3%, closing at $264.18. Moreover, exceptionally high trading volume at 227% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 7.3% during the last week.
Current PriceTarget Research Rating
DHR is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Danaher has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Danaher has a neutral Appreciation Score of 50 and a slightly positive Power Rating of 69, triggering the High Neutral Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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