Danaher Corporation (NYSE:DHR) Given Price Target Of $93.916


As per Danaher Corporation (NYSE:DHR)’s news release on 2016-05-11, its shareholders will get cash dividend of $0.16 per share. The recent press release updated on the record date and payout date, which stands at 2016-06-03 and 2016-07-29, respectively.

The stock will commence trading ex-dividend from 2016-06-01, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Danaher Corporation (NYSE:DHR) disbursed $0.16 in dividend compared to distribution of $0.16, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 35%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated Danaher Corporation (NYSE:DHR) to attain a price target of $93.916. It is an average estimate figure given by 12 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $120. The low price range is set at $82 for next year while the arithmetic mean is seen at 1.61.

Eyeing Earnings Danaher Corporation (NYSE:DHR) is likely to post quarterly numbers around 2016-10-27 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.82 for the period ending on 2016-09-30.

In last quarter ended 2015-12-31, Danaher Corporation (NYSE:DHR) earnings came at $1.25 suggesting a deviation of $0.16. The brokerages targeted EPS of $1.09 for the quarter.

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