Danaher Corp. (NYSE:DHR) shares, rose in value, with the stock price up by 0.98% to the previous day’s close as strong demand from buyers drove the stock to $244.28.
Actively observing the price movement in the last trading, the stock closed the session at $241.90. The value of beta (5-year monthly) was 0.86 whereas the PE ratio was 38.27 over 12-month period. Referring to stock’s 52-week performance, its high was $259.00, and the low was $182.09. On the whole, DHR has fluctuated by -3.41% over the past month.
With the market capitalization of Danaher Corp. currently standing at about $180.90 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 23, 2024. The company’s Forward Dividend Ratio is 1.05, with its dividend yield at 0.43%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $1.71, which is expected to increase to $1.83 for fiscal year $7.62 and then to about $8.66 by fiscal year 2025. Data indicates that the EPS growth is expected to be 0.50% in 2025, while the next year’s EPS growth is forecast to be 13.60%.
Analysts have estimated the company’s revenue for the quarter at $5.62 billion, with a low estimate of $5.51 billion and a high estimate of $5.68 billion. According to the average forecast, sales growth in current quarter could jump down -21.60%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $24.05 billion, representing an increase of 0.70% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that DHR’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 15.05, with the price of DHR currently trading nearly -2.53% and -1.63% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 41.70, while the 7-day volatility ratio is showing 1.72% which for the 30-day chart, stands at 1.55%. Furthermore, Danaher Corp. (DHR)’s beta value is 0.84, and its average true range (ATR) is 4.24.
A comparison of Danaher Corp. (DHR) with its peers suggests the former has fared considerably weaker in the market. DHR showed an intraday change of 0.98% in last session, and over the past year, it grew by 10.69%%.
Data on historical trading for Danaher Corp. (NYSE:DHR) indicates that the trading volumes over the past 10 days have averaged 2.45 million and over the past 3 months, they’ve averaged 2.74 million. According to company’s latest data on outstanding shares, there are 739.20 million shares outstanding.
Nearly 8.83% of Danaher Corp.’s shares belong to company insiders and institutional investors own 81.83% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 5.66 million shares as on Mar 15, 2024, resulting in a short ratio of 2.33. According to the data, the short interest in Danaher Corp. (DHR) stood at 0.76% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 5.8 million. The stock has risen by 5.59% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the DHR stock heading into the next quarter.
