Donaldson (NYSE:DCI) Issues FY20 Earnings Guidance

Donaldson (NYSE:DCI) updated its FY20 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $2.21-2.37 for the period, compared to the Thomson Reuters consensus estimate of $2.26. The company issued revenue guidance of $2.79-2.96 billion, compared to the consensus revenue estimate of $2.85 billion.Donaldson also updated its FY 2020
Pre-Market guidance to 2.21-2.37 EPS.

NYSE:DCI opened at $55.17 on Tuesday. The firm has a market capitalization of $7.08 billion, a P/E ratio of 24.96, a PEG ratio of 2.27 and a beta of 1.45. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.32 and a quick ratio of 1.64. Donaldson has a one year low of $40.27 and a one year high of $57.31. The company’s 50-day simple moving average is $54.22 and its 200 day simple moving average is $50.65.

Donaldson (NYSE:DCI) last announced its earnings results on Thursday, September 5th. The industrial products company reported $0.61 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.01. Donaldson had a net margin of 9.39% and a return on equity of 32.29%. The business had revenue of $726.90 million during the quarter, compared to the consensus estimate of $725.32 million. During the same quarter last year, the firm earned $0.58 earnings per share. The business’s revenue for the quarter was up .3% on a year-over-year basis. On average, equities research analysts expect that Donaldson will post 2.28 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Tuesday, December 10th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date is Monday, December 9th. Donaldson’s dividend payout ratio (DPR) is presently 38.01%.

DCI has been the subject of a number of recent research reports. Stifel Nicolaus set a $50.00 price objective on Donaldson and gave the company a hold rating in a research note on Friday, September 6th. ValuEngine raised Donaldson from a hold rating to a buy rating in a research report on Friday, November 1st. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Donaldson currently has an average rating of Hold and a consensus target price of $52.25.

About Donaldson

Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. It operates through Engine Products and Industrial Products segments. The Engine Products segment offers replacement filters for air and liquid filtration applications, air filtration systems, liquid filtration systems for fuel, lube and hydraulic applications, and exhaust and emissions systems.

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Earnings History and Estimates for Donaldson (NYSE:DCI)

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