Danaher moved -1.5% this evening session, trading between a high of $189.41 and a low of $182.1 per share. Yesterday the stock finished at $187.88 per share, compared to an average analyst target price of $246.83.
Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The large-cap industrial machinery/components company is based in the United States, and over the last twelve months it has returned a dividend yield of 0.6%. Danaher has trailing twelve months earnings per share (EPS) of 7.93, which at today's prices amounts to a price to earnings (P/E) ratio of 23.3.
Based on its expected future earnings growth, the company has a price to earnings growth (PEG) ratio of -19.11. Usually a PEG ratio between 0 and 1 indicates a potentially undervalued company.
Overview of the Company's Gross Margins:
| Date Reported | Revenue ($ k) | Cost of Revenue ($ k) | Gross Margins (%) | YoY Growth (%) |
|---|---|---|---|---|
| 2023 | 30,356,000 | 12,422,000 | 59 | -1.67 |
| 2022 | 31,471,000 | 12,522,000 | 60 | -1.64 |
| 2021 | 29,453,000 | 11,501,000 | 61 | 8.93 |
| 2020 | 22,284,000 | 9,809,000 | 56 | 0.0 |
| 2019 | 17,911,000 | 7,927,000 | 56 | 16.67 |
| 2018 | 19,893,000 | 7,544,000 | 48 |
At 56.7%, Danaher's average gross margins are wider than the 34.2% average of its industry peer group, which suggests that the firm might have a competitive advantage.
