Wall Street analysts expect Donaldson Company, Inc. (NYSE:DCI) to announce earnings per share (EPS) of $0.46 for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Donaldson’s earnings, with estimates ranging from $0.44 to $0.49. Donaldson reported earnings per share of $0.47 during the same quarter last year, which would suggest a negative year-over-year growth rate of 2.1%. The firm is expected to report its next quarterly earnings results on Wednesday, March 4th.
According to Zacks, analysts expect that Donaldson will report full year earnings of $2.27 per share for the current financial year, with EPS estimates ranging from $2.22 to $2.30. For the next financial year, analysts expect that the business will post earnings of $2.53 per share, with EPS estimates ranging from $2.45 to $2.65. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Donaldson.
Donaldson (NYSE:DCI) last issued its quarterly earnings data on Tuesday, December 3rd. The industrial products company reported $0.51 EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.02). The business had revenue of $672.70 million during the quarter, compared to analyst estimates of $699.34 million. Donaldson had a net margin of 9.39% and a return on equity of 32.29%. Donaldson’s revenue was down 4.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.56 earnings per share.
DCI has been the topic of a number of recent research reports. ValuEngine upgraded shares of Donaldson from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Stifel Nicolaus set a $50.00 target price on shares of Donaldson and gave the company a “hold” rating in a report on Friday, September 6th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $52.25.
NYSE:DCI traded down $0.28 on Wednesday, reaching $53.63. The stock had a trading volume of 827,800 shares, compared to its average volume of 428,804. The company has a market cap of $7.08 billion, a price-to-earnings ratio of 24.27, a P/E/G 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. The firm’s fifty day moving average is $54.27 and its two-hundred day moving average is $50.67. Donaldson has a 12-month low of $40.27 and a 12-month high of $56.56.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Tuesday, December 10th will be issued a $0.21 dividend. The ex-dividend date is Monday, December 9th. This represents a $0.84 dividend on an annualized basis and a yield of 1.57%. Donaldson’s dividend payout ratio (DPR) is 38.01%.
A number of large investors have recently added to or reduced their stakes in the business. Meeder Asset Management Inc. purchased a new position in shares of Donaldson during the 2nd quarter worth about $66,000. Victory Capital Management Inc. lifted its holdings in Donaldson by 1.7% during the 2nd quarter. Victory Capital Management Inc. now owns 65,124 shares of the industrial products company’s stock worth $3,312,000 after buying an additional 1,063 shares during the period. TD Asset Management Inc. lifted its holdings in Donaldson by 5.8% during the 2nd quarter. TD Asset Management Inc. now owns 58,581 shares of the industrial products company’s stock worth $2,979,000 after buying an additional 3,190 shares during the period. D. E. Shaw & Co. Inc. lifted its holdings in Donaldson by 42.4% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 63,378 shares of the industrial products company’s stock worth $3,224,000 after buying an additional 18,860 shares during the period. Finally, Ballentine Partners LLC lifted its holdings in Donaldson by 15.9% during the 2nd quarter. Ballentine Partners LLC now owns 5,532 shares of the industrial products company’s stock worth $282,000 after buying an additional 757 shares during the period. Institutional investors own 80.31% of the company’s stock.
Donaldson Company Profile
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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