Get the latest news on Brookstone Growth Stock ETF stock with updates on market trends, financials, and analysis from Benzinga. Stay informed on BAMG performance

Latest Brookstone Growth Stock ETF  News | BATS:BAMG | Benzinga

Technology

Consumer Cyclical

Communication Services

Other

Financial Services

Consumer Defensive

Healthcare

Industrials

Energy

The Fund is an actively managed exchange traded fund that invests in companies that the adviser believes have strong earnings growth potential over the next several years based on the advisers research. Under normal circumstances, the Fund invests at least 80 percent of its net assets plus borrowings for investment purposes in publicly traded U.S. equity stocks.

NVIDIA Corporation

Meta Platforms-A

Tyler Technologies Inc

Netflix, Inc

T-Mobile Us Inc

Lockheed Martin Corp

Unitedhealth Group Inc.

Eog Resources Inc

Amazon.Com Inc

Teradyne Inc

Tesla Inc

Alphabet Inc - A

Apple, Inc

Servicenow, Inc

Mcdonald'S Corp

Microsoft Corp

Cme Group Inc.

Colgate-Palmolive Co

Amgen Inc

Las Vegas Sands Corp.

Caterpillar, Inc.

Visa Inc

Uber Technologies Inc

Rtx Corp

Brookstone Growth Stock ETF

FTV Logo

Earnings

Equities

Large Cap

News

Guidance

Dividends

Movers

BAMG

Fortive reported lower Q1 FY24 results, missing revenue estimates. Adjusted EPS beat expectations. Dividend declared. Fortive revised its FY24 outlook.

Why Industrial Conglomerate Fortive&#39;s Shares Are Sliding Today

Brookfield Corp

Fortive Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTV#NYSE">FTV</a>) shares are trading lower after the company reported&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/b38400525/fortive-reports-strong-first-quarter-2024-results-raises-full-year-2024-outlook" rel="noreferrer noopener">first-quarter FY24 results</a>.



Revenue grew 4% Y/Y to $1.525 billion,&nbsp;marginally missing the consensus of $1.527 billion.



Sales by&nbsp;<a target="_blank" href="https://s2.q4cdn.com/680534137/files/doc_financials/2024/q1/FTV-1Q-2024-Earnings-Presentation.pdf" rel="noreferrer noopener">segments</a>:&nbsp;Intelligent Operating Solutions $666 million (+5% Y/Y), Precision Technologies $559 million (+3% Y/Y), and Advanced Healthcare Solutions $300 million (+4% Y/Y).



The company&#8217;s adjusted operating margin is up 110 basis points Y/Y to 25.1%, driven by substantial gross margin expansion.



Adjusted EPS improved 11% Y/Y to 83 cents,&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">beating the consensus of 79 cents</a>.



The company reported&nbsp;an operating&nbsp;cash flow of $257 million and&nbsp;a free&nbsp;cash flow of $230 million (up 54%) in the quarter.



&#8220;Our results in the first quarter once again reflect the resiliency and strength of our differentiated portfolio of businesses. All three segments performed ahead of expectations on core growth, margins, earnings growth, and free cash flow, all enabled by the strength and rigorous application of the Fortive Business System (FBS),&#8221; said James A. Lico, President and CEO.



Dividend: Fortiv declared a quarterly cash dividend per share of $0.08, payable on June 28, 2024, to stockholders of&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/b38100321/fortive-declares-regular-quarterly-dividend-on-its-common-stock" rel="noreferrer noopener">record on May 31, 2024</a>.



Outlook:&nbsp;For FY24,&nbsp;Fortive lowered its revenue forecast from $6.4&nbsp;billion-$6.5&nbsp;billion to $6.35 billion-$6.43 billion (versus a consensus of $6.48 billion).



Adjusted EPS raised from $3.73-$3.85 to $3.77-$3.86&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">versus the consensus of $3.80</a>.



For the second quarter of FY24, Fortive anticipates revenue of approximately $1.6 billion (consensus: $1.62 billion) and adjusted EPS of $0.90-$0.93 (consensus $0.94).



Investors can gain exposure to the stock via&nbsp;Brookstone Intermediate Bond ETF&nbsp;Brookstone&nbsp;Growth Stock ETF&nbsp;(BATS:<a class="ticker" href="https://www.benzinga.com/stock/BAMG#BATS">BAMG</a>)&nbsp;and&nbsp;Pacer US Cash Cows Growth ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BUL#NYSE">BUL</a>).



Price Action:&nbsp;FTV shares are trading lower by 7.24% at $74.86 at&nbsp;the last check Wednesday.

Why Industrial Conglomerate Fortive's Shares Are Sliding Today

Comments

Brookstone Growth Stock ETF Stock News

News

Latest Brookstone Growth Stock ETF News | BATS:BAMG | Benzinga

Wednesday, April 24, 2024

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga