Equities analysts expect Donaldson Company, Inc. (NYSE:DCI) to report sales of $699.60 million for the current quarter, Zacks reports. Five analysts have made estimates for Donaldson’s earnings, with estimates ranging from $696.00 million to $705.40 million. Donaldson posted sales of $644.80 million during the same quarter last year, which suggests a positive year-over-year growth rate of 8.5%. The firm is scheduled to issue its next quarterly earnings results before the market opens on Tuesday, December 4th.

On average, analysts expect that Donaldson will report full-year sales of $2.94 billion for the current fiscal year, with estimates ranging from $2.93 billion to $2.96 billion. For the next fiscal year, analysts forecast that the company will post sales of $3.10 billion, with estimates ranging from $3.03 billion to $3.15 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Donaldson.

Donaldson (NYSE:DCI) last posted its quarterly earnings results on Thursday, September 6th. The industrial products company reported $0.58 EPS for the quarter, hitting the consensus estimate of $0.58. Donaldson had a return on equity of 31.09% and a net margin of 6.59%. The business had revenue of $724.70 million for the quarter, compared to analyst estimates of $727.79 million. During the same quarter in the previous year, the firm earned $0.51 EPS. The company’s quarterly revenue was up 9.8% compared to the same quarter last year.

Several research analysts have recently commented on the company. Zacks Investment Research lowered Donaldson from a “buy” rating to a “hold” rating in a report on Monday, August 6th. Oppenheimer reiterated a “hold” rating on shares of Donaldson in a report on Thursday, September 6th. Stifel Nicolaus reiterated a “hold” rating and set a $54.00 price target (up previously from $46.00) on shares of Donaldson in a report on Thursday, September 6th. Finally, ValuEngine upgraded Donaldson from a “hold” rating to a “buy” rating in a report on Friday, September 7th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Donaldson currently has an average rating of “Buy” and a consensus target price of $56.75.

Shares of NYSE DCI traded down $0.53 during trading on Monday, hitting $54.67. 743,166 shares of the company were exchanged, compared to its average volume of 641,420. Donaldson has a 12-month low of $43.35 and a 12-month high of $59.43. The company has a quick ratio of 1.69, a current ratio of 2.40 and a debt-to-equity ratio of 0.58. The firm has a market cap of $7.05 billion, a PE ratio of 27.34, a P/E/G ratio of 2.02 and a beta of 1.25.

In related news, Director Willard D. Oberton sold 14,400 shares of the business’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $56.85, for a total value of $818,640.00. Following the sale, the director now directly owns 30,451 shares in the company, valued at approximately $1,731,139.35. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Richard Brent Lewis sold 3,209 shares of the business’s stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $58.99, for a total transaction of $189,298.91. Following the completion of the sale, the vice president now owns 4,000 shares in the company, valued at $235,960. The disclosure for this sale can be found here. 1.35% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Armstrong Henry H Associates Inc. purchased a new stake in Donaldson in the 3rd quarter valued at about $204,000. Trillium Asset Management LLC purchased a new stake in Donaldson in the 3rd quarter valued at about $215,000. Oppenheimer Asset Management Inc. purchased a new stake in Donaldson in the 3rd quarter valued at about $215,000. ING Groep NV purchased a new stake in Donaldson in the 3rd quarter valued at about $217,000. Finally, S. Muoio & CO. LLC purchased a new stake in Donaldson in the 3rd quarter valued at about $224,000. Hedge funds and other institutional investors own 80.85% 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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Earnings History and Estimates for Donaldson (NYSE:DCI)

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