Active Stock Momentum: Danaher Corporation (NYSE: DHR)

On Friday Danaher Corporation (NYSE: DHR) shares price traded between $99.84 and $101.41 during the last trading session downbeat with -1.36 percent at $100.33. Over the one year trading period, the stock has a peak price of $106.08 and its down is recorded at $79.84. DHR monthly performance is 0.71 percent and a quarterly performance of -1.45 percent.

Danaher Corporation (DHR) recently reported results for the second quarter 2018. For the quarter ended June 29, 2018, net earnings were $673.8M, or $0.95 per diluted share which represents a 20.0 percent year-over-year raise.

Non-GAAP adjusted diluted net earnings per share were $1.15. This represents a 16.0 percent raise over the comparable 2017 period. For the second quarter 2018, revenues raised 10.5 percent year-over-year to $5.0B, with non-GAAP core revenue growth of 6.0 percent.

Year-to-date operating cash flow was $1.9B, representing a 18.5 percent raise over the comparable 2017 period. Year-to-date non-GAAP free cash flow raised 21.5 percent versus the previous year to $1.6B.

For the third quarter 2018, the Company anticipates that diluted net earnings per share will be in the range of $0.85 to $0.88 and non-GAAP adjusted diluted net earnings per share will be in the range of $1.05 to $1.08.

For the full year 2018, the Company now anticipates that diluted net earnings per share will be in the range of $3.64 to $3.71. The Company now expects its 2018 non-GAAP adjusted diluted net earnings per share to be in the range of $4.43 to $4.50 versus previous guidance of $4.38 to $4.45.

Thomas P. Joyce, Jr., President and Chief Executive Officer, stated, “We had an outstanding second quarter, with the team delivering results ahead of expectations. We achieved 6.0 percent core revenue growth, healthy margin expansion, mid-teens adjusted earnings per share growth, and strong cash flow. Our performance was broad-based, with four of our five platforms delivering mid-single digit or better core revenue growth, and we believe we are taking market share in many of our businesses.”

Joyce continued, “These market share gains are being driven by recent growth investments and the team’s strong new product innovation and commercial execution utilizing the Danaher Business System. Our performance in the quarter – combined with important opportunities across the portfolio, and our solid balance sheet – positions us well for strong performance through 2018 and beyond.”

(DHR) has price-to-cash ratio of 78.92 and price to sale ratio of 3.70. The company net profit margin is 13.80 percent and gross profit margin is 56.20 percent. The stock price is moving down from its 20 days moving average with -1.37 percent and isolated negatively from 50 days moving average with -0.55 percent.

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Gary Williams

Written by Gary Williams

Gary Williams:- Technology

I am Gary Williams and I’m passionate about business and finance news with over 9 years in the industry starting as a writer working my way up into senior positions. I am the driving force behind with a vision to broaden the company’s readership throughout 2015. I am an editor and reporter of “Technology” category.

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