Donaldson (NYSE:DCI) issued an update on its FY 2019 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $2.31-2.45 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.37. The company issued revenue guidance of $2.926-3.035 billion, compared to the consensus revenue estimate of $2.94 billion.Donaldson also updated its FY19 guidance to $2.31-2.45 EPS.

Shares of DCI stock opened at $51.29 on Thursday. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.40 and a quick ratio of 1.69. The stock has a market capitalization of $6.57 billion, a PE ratio of 25.65, a P/E/G ratio of 1.88 and a beta of 1.25. Donaldson has a one year low of $43.35 and a one year high of $59.43.

Donaldson (NYSE:DCI) last announced its quarterly earnings results on Tuesday, December 4th. The industrial products company reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.01). The company had revenue of $701.40 million during the quarter, compared to the consensus estimate of $700.98 million. Donaldson had a net margin of 6.92% and a return on equity of 32.75%. The business’s revenue was up 8.8% compared to the same quarter last year. During the same period last year, the company earned $0.46 earnings per share. As a group, sell-side analysts expect that Donaldson will post 2.38 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Tuesday, December 11th will be paid a $0.19 dividend. The ex-dividend date is Monday, December 10th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.48%. Donaldson’s dividend payout ratio (DPR) is presently 38.00%.

DCI has been the subject of a number of recent analyst reports. Oppenheimer reaffirmed a hold rating on shares of Donaldson in a research note on Thursday, September 6th. Stifel Nicolaus reaffirmed a hold rating and issued a $54.00 price target (up from $46.00) on shares of Donaldson in a research note on Thursday, September 6th. ValuEngine raised Donaldson from a hold rating to a buy rating in a research note on Friday, September 7th. Finally, Zacks Investment Research upgraded Donaldson from a hold rating to a buy rating and set a $60.00 price objective for the company in a research report on Monday, September 10th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $60.00.

In related news, Director Willard D. Oberton sold 14,400 shares of the business’s stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $56.85, for a total value of $818,640.00. Following the completion of the transaction, 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 Securities & Exchange Commission, which is available through the SEC website. Also, VP Richard Brent Lewis sold 3,209 shares of the business’s stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $58.99, for a total value of $189,298.91. Following the completion of the transaction, the vice president now owns 4,000 shares of the company’s stock, valued at $235,960. The disclosure for this sale can be found here. 1.35% of the stock is currently owned by insiders.

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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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