Dover (NYSE:DOV) issued an update on its FY19 earnings guidance on Thursday morning. The company provided EPS guidance of $5.75-5.85 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.81. Dover also updated its FY 2019 guidance to $5.75-5.85 EPS.
Dover stock traded up $0.86 during mid-day trading on Friday, hitting $98.08. The company had a trading volume of 13,752 shares, compared to its average volume of 953,739. The stock has a market cap of $13.87 billion, a PE ratio of 19.81, a price-to-earnings-growth ratio of 1.43 and a beta of 1.49. Dover has a 1 year low of $65.83 and a 1 year high of $103.47. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.87 and a current ratio of 1.30. The business has a fifty day moving average of $97.56.
Dover (NYSE:DOV) last announced its quarterly earnings results on Thursday, July 18th. The industrial products company reported $1.56 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.55 by $0.01. The company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.86 billion. Dover had a net margin of 7.69% and a return on equity of 28.48%. The firm’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.30 earnings per share. As a group, equities analysts expect that Dover will post 5.82 EPS for the current year.
Several equities analysts have commented on DOV shares. Morgan Stanley lowered shares of Silicon Motion Technology from an equal weight rating to an underweight rating in a research note on Monday, April 22nd. Zacks Investment Research lowered shares of GenMark Diagnostics from a hold rating to a sell rating in a research report on Wednesday, April 24th. Barclays lowered shares of ASOS from an overweight rating to an equal weight rating in a research report on Friday. ValuEngine upgraded shares of VESTAS WIND SYS/ADR from a hold rating to a buy rating in a research report on Thursday, May 9th. Finally, Citigroup set a $113.00 target price on shares of Dover and gave the stock a buy rating in a research report on Monday, April 22nd. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Dover currently has a consensus rating of Hold and an average target price of $96.45.
Dover Company Profile
Dover Corporation provides equipment and components, specialty systems, consumable supplies, software and digital solutions, and support services worldwide. The company operates through three segments: Engineered Systems, Fluids, and Refrigeration & Food Equipment. The Engineered Systems segment offers precision marking and coding, digital textile printing, soldering and dispensing equipment, and related consumables and services; and automation components, including manual and power clamps, rotary and linear mechanical indexers, conveyors, pick and place units, glove ports, and manipulators, as well as end-of-arm robotic grippers, slides, and end effectors for fast-moving consumer goods, digital textile printing, vehicle service, environmental solutions, and industrials end markets.
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