Dover (NYSE:DOV) is scheduled to be announcing its earnings results on Wednesday, April 18th. Analysts expect the company to announce earnings of $0.92 per share for the quarter. Dover has set its FY18 guidance at $5.73-5.93 EPS.
Dover (NYSE:DOV) last released its quarterly earnings results on Tuesday, January 30th. The industrial products company reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.09. Dover had a return on equity of 15.24% and a net margin of 10.37%. The firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2 billion. During the same quarter in the prior year, the firm posted $1.03 EPS. The business’s revenue was up 13.5% on a year-over-year basis. On average, analysts expect Dover to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.
NYSE:DOV opened at $94.54 on Wednesday. Dover has a twelve month low of $76.47 and a twelve month high of $109.06. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.01. The company has a market cap of $14,390.81, a price-to-earnings ratio of 23.46, a PEG ratio of 1.22 and a beta of 1.30.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date was Tuesday, February 27th. Dover’s dividend payout ratio (DPR) is currently 46.65%.
In related news, VP Anthony K. Kosinski sold 895 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $104.34, for a total value of $93,384.30. Following the sale, the vice president now owns 8,516 shares in the company, valued at approximately $888,559.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Stephen Gary Kennon sold 15,702 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $102.01, for a total value of $1,601,761.02. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,897 shares of company stock worth $2,031,745. 2.60% of the stock is owned by company insiders.
A number of equities analysts have weighed in on DOV shares. BMO Capital Markets reaffirmed a “buy” rating on shares of Dover in a research report on Friday, January 26th. Stifel Nicolaus reissued a “hold” rating and issued a $112.00 price objective (up previously from $100.00) on shares of Dover in a report on Tuesday, January 16th. Seaport Global Securities reissued a “hold” rating and issued a $110.00 price objective on shares of Dover in a report on Friday, February 2nd. Royal Bank of Canada reissued a “hold” rating and issued a $105.00 price objective on shares of Dover in a report on Wednesday, January 17th. Finally, JPMorgan Chase downgraded Dover from an “overweight” rating to a “neutral” rating in a report on Monday, March 26th. Twelve equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $107.83.
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Dover Company Profile
Dover Corporation provides equipment and components, specialty systems, consumable supplies, software and digital solutions, and support services worldwide. The company operates in four segments: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment. The Energy segment provides solutions and services for the production and processing of fuels for drilling and production, bearings and compression, and automation end markets.
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