Danaher's Spun-Off Company Veralto Is "Next High-Quality Serial Compounder" - Analyst
Danaher's Spun-Off Company Veralto Is "Next High-Quality Serial Compounder" - Analyst
BMO Capital Markets analyst John P. McNulty initiated coverage on Veralto Corporation (NYSE:VLTO) at an Outperform rating with a price target of $97.
BMO資本市場分析師約翰·麥克納爾蒂以跑贏大盤的評級啓動了對維拉託公司（紐約證券交易所代碼：VLTO）的報道，目標股價爲97美元。
The analyst says the company is poised for strong EPS growth in the next 2-3 years, led by recovery in its two secular growth businesses- Water Quality and Product Quality & Innovation.
該分析師表示，在水質和產品質量與創新這兩個長期增長業務的復甦的帶動下，該公司有望在未來2-3年內實現強勁的每股收益增長。
VLTO has high-margin/return businesses, a healthy balance sheet, and significant FCF, enabling it to use M&A to supplement double-digit EPS growth, writes the analyst.
分析師寫道，VLTO擁有高利潤率/回報率的業務、健康的資產負債表和可觀的FCF，使其能夠利用併購來補充兩位數的每股收益增長。
Overall, the analyst sees Veralto as the next "high-quality serial compounder" in the chemicals/Industrial sector.
總體而言，該分析師將Veralto視爲化工/工業領域的下一家 “高質量串行化合物”。
McNulty estimates revenue and EPS of $5.10 billion and $3.35 (vs. $3.27 est.) in FY24, $5.374 billion and $3.80 (street view: $3.54) in FY25 and $5.651 billion and $4.30 (vs. consensus: $3.82) in FY26.
麥克納爾蒂估計，24財年的收入和每股收益爲51.0億美元和3.35美元（預期爲3.27美元），25財年的收入和每股收益爲53.74億美元和3.80美元（街景：3.54美元），26財年爲56.51億美元和4.30美元（市場普遍預期爲3.82美元）。
Notably, Veralto separated from its former parent, Danaher Corp (NYSE:DHR), and began trading on the New York Stock Exchange in October 2023.
值得注意的是，Veralto與其前母公司丹納赫公司（紐約證券交易所代碼：DHR）分離，並於2023年10月開始在紐約證券交易所交易。
Veralto deals in essential technology solutions and is bolstered by the organization's use of the Veralto Enterprise System (VES), a derivative of the Danaher Business System (DBS).
Veralto經營基本技術解決方案，該組織使用丹納赫業務系統（DBS）的衍生產品Veralto企業系統（VES）爲其提供了支持。
Earlier this month, Veralto reported fourth-quarter adjusted EPS of $0.87, beating the consensus of $0.81 and sales of $1.29 billion, exceeding the street view of $1.25 billion.
本月早些時候，Veralto公佈的第四季度調整後每股收益爲0.87美元，超過了市場預期的0.81美元，銷售額爲12.9億美元，超過了12.5億美元的街景。
The company anticipates first-quarter FY24 non-GAAP core sales to be approximately flat Y/Y and adjusted EPS of $0.73-$0.78 (vs. current street view of $0.76).
該公司預計，24財年第一季度非公認會計准則核心銷售額同比基本持平，調整後的每股收益爲0.73-0.78美元（而目前的街景爲0.76美元）。
Also, Veralto expects 2024 non-GAAP core sales to grow low-single digits and adjusted EPS of $3.20-$3.30 (estimate $3.28).
此外，Veralto預計，2024年的非公認會計准則核心銷售額將以較低的個位數增長，調整後的每股收益爲3.20美元至3.30美元（估計爲3.28美元）。
Price Action: VLTO shares are trading higher by 1.25% at $87.39 on the last check Tuesday.
價格走勢：在週二的最後一次支票中，VLTO股價上漲1.25％，至87.39美元。
譯文內容由第三人軟體翻譯。