Donaldson Company, Inc. (DCI) Expected to Post Quarterly Sales of $598.87 Million
Equities analysts expect Donaldson Company, Inc. (NYSE:DCI) to report sales of $598.87 million for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Donaldson’s earnings. The highest sales estimate is $607.98 million and the lowest is $592.10 million. Donaldson posted sales of $553.00 million in the same quarter last year, which indicates a positive year over year growth rate of 8.3%. The business is scheduled to announce its next quarterly earnings report on Thursday, December 7th.
On average, analysts expect that Donaldson will report full-year sales of $598.87 million for the current year, with estimates ranging from $2.52 billion to $2.54 billion. For the next fiscal year, analysts forecast that the firm will post sales of $2.64 billion per share, with estimates ranging from $2.60 billion to $2.67 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Donaldson.
Donaldson (NYSE:DCI) last released its earnings results on Thursday, September 7th. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.02). The company had revenue of $660.10 million for the quarter, compared to analyst estimates of $634.41 million. Donaldson had a return on equity of 28.14% and a net margin of 9.81%. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period last year, the company posted $0.46 earnings per share.
A number of analysts recently issued reports on DCI shares. Jefferies Group LLC upgraded Donaldson from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a research note on Wednesday, May 31st. Zacks Investment Research upgraded Donaldson from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a research note on Wednesday, May 31st. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Donaldson in a research note on Thursday, June 1st. Stifel Nicolaus reiterated a “hold” rating and set a $48.00 price objective (up from $45.00) on shares of Donaldson in a research note on Friday, June 2nd. Finally, BidaskClub lowered Donaldson from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Donaldson has an average rating of “Hold” and a consensus price target of $49.50.
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A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in Donaldson by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 12,319,252 shares of the industrial products company’s stock worth $561,018,000 after acquiring an additional 166,412 shares during the last quarter. BlackRock Inc. increased its stake in Donaldson by 1.9% in the 2nd quarter. BlackRock Inc. now owns 10,590,302 shares of the industrial products company’s stock worth $482,282,000 after acquiring an additional 199,946 shares during the last quarter. FMR LLC increased its stake in Donaldson by 1.9% in the 2nd quarter. FMR LLC now owns 1,901,024 shares of the industrial products company’s stock worth $86,573,000 after acquiring an additional 34,711 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in Donaldson by 1.7% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,841,796 shares of the industrial products company’s stock worth $83,876,000 after acquiring an additional 30,614 shares during the last quarter. Finally, Janus Henderson Group PLC increased its stake in Donaldson by 163.8% in the 2nd quarter. Janus Henderson Group PLC now owns 1,479,606 shares of the industrial products company’s stock worth $67,381,000 after acquiring an additional 918,729 shares during the last quarter. Institutional investors and hedge funds own 77.53% of the company’s stock.
Donaldson (NYSE:DCI) traded up 1.56% during mid-day trading on Friday, hitting $46.14. The stock had a trading volume of 576,920 shares. The stock has a market capitalization of $6.07 billion, a P/E ratio of 26.52 and a beta of 1.21. Donaldson has a 52 week low of $35.85 and a 52 week high of $48.91. The company’s 50 day moving average is $46.22 and its 200-day moving average is $46.01.
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th were paid a $0.18 dividend. This is a positive change from Donaldson’s previous quarterly dividend of $0.18. This represents a $0.72 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend was Friday, August 11th. Donaldson’s dividend payout ratio is currently 41.38%.
Donaldson Company Profile
Donaldson Company, Inc is a manufacturer of filtration systems and replacement parts. The Company’s segments include Engine Products, Industrial Products and Corporate. The Company’s products are manufactured at approximately 44 plants around the world and through three joint ventures. The Company offers its products under the Ultra-Web, PowerCore and Donaldson brands.
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