Market Update: Danaher Corporation (NYSE:DHR) – Danaher Announces Quarterly Dividend

[PR Newswire] – WASHINGTON, May 10, 2016 /PRNewswire/ — Danaher Corporation (NYSE: DHR) announced today that its Board of Directors has approved a regular quarterly dividend of $0.16 per share payable on July 29, 2016 … Read more on this. Danaher Corp. (DHR) , currently valued at $67.71B, started trading this morning at $97.49. Shares have traded today between $97.20 and $98.34 per share with its 52-week range being $81.25 to $98.34. DHR shares are currently priced at 19.73x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 14.47x earnings multiple. The company pays shareholders $0.64 per share annually in dividends, yielding 0.66%. In a review of the consensus earnings estimate this quarter, 17 sell-side analysts are looking at $1.23 per share, which would be $0.15 better than the year-ago quarter and a $0.00 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $4.92, which would be a $0.62 improvement when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $5.76 Billion. If realized, 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. When considering if the stock is under or overvalued, the average price target is $103.25, which is 5.91% above where the stock opened this morning. See more in (NYSE:DHR) Similar Articles: Company Update: Danaher Corporation (NYSE:DHR) – Danaher Schedules First Quarter 2016 Earnings Conference Call Stock Update: Danaher Corporation (NYSE:DHR) – Danaher Announces Quarterly Dividend Market Update: Danaher Corporation (NYSE:DHR) – Danaher Reports Record Fourth Quarter And Full Year 2015 Results