Dover (NYSE:DOV) is set to release its earnings data before the market opens on Thursday, April 18th. Analysts expect Dover to post earnings of $1.13 per share for the quarter. Dover has set its FY19 guidance at $5.65-5.85 EPS.
Dover (NYSE:DOV) last announced its quarterly earnings results on Tuesday, January 29th. The industrial products company reported $1.43 EPS for the quarter, beating the Zacks’ consensus estimate of $1.29 by $0.14. Dover had a net margin of 7.84% and a return on equity of 24.90%. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same quarter in the prior year, the business earned $1.84 EPS. Dover’s quarterly revenue was up 3.2% 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.
Shares of DOV opened at $96.79 on Tuesday. Dover has a 52 week low of $65.83 and a 52 week high of $97.65. The stock has a market capitalization of $14.10 billion, a P/E ratio of 19.47, a P/E/G ratio of 1.39 and a beta of 1.49. The company has a current ratio of 1.37, a quick ratio of 0.96 and a debt-to-equity ratio of 1.06.
In other Dover news, VP William Spurgeon sold 13,102 shares of the business’s stock in a transaction dated Thursday, February 7th. The shares were sold at an average price of $87.19, for a total value of $1,142,363.38. Following the completion of the sale, the vice president now owns 6,393 shares of the company’s stock, valued at approximately $557,405.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Anthony K. Kosinski sold 4,241 shares of the business’s stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $90.53, for a total transaction of $383,937.73. The disclosure for this sale can be found here. Insiders sold a total of 48,200 shares of company stock valued at $4,277,800 in the last three months. Insiders own 1.70% of the company’s stock.
DOV has been the topic of a number of research reports. Zacks Investment Research lowered shares of Dover from a “buy” rating to a “hold” rating in a research note on Tuesday, March 5th. Morgan Stanley lowered shares of Dover from an “overweight” rating to an “equal” rating and decreased their price target for the company from $94.00 to $89.00 in a research note on Tuesday, December 18th. Wolfe Research upgraded shares of Dover from a “market perform” rating to an “outperform” rating in a research note on Tuesday, January 8th. Barclays decreased their price target on shares of Dover from $97.00 to $93.00 and set an “overweight” rating on the stock in a research note on Monday, December 17th. Finally, UBS Group upgraded shares of Dover from a “neutral” rating to a “buy” rating and set a $76.35 price target on the stock in a research note on Thursday, January 10th. Twelve analysts have rated the stock with a hold rating and six have given a buy rating to the company. Dover presently has a consensus rating of “Hold” and a consensus target price of $91.03.
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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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