Dover (NYSE:DOV) updated its FY18 earnings guidance on Thursday. The company provided EPS guidance of $4.80-4.85 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.81. Dover also updated its FY 2018 guidance to $4.80-4.85 EPS.

A number of research firms recently weighed in on DOV. ValuEngine raised Dover from a sell rating to a hold rating in a report on Saturday, August 18th. Stifel Nicolaus upped their price target on Dover from $85.00 to $92.00 and gave the stock a hold rating in a report on Wednesday, September 12th. Citigroup reduced their price target on Dover from $86.00 to $84.00 and set a neutral rating for the company in a report on Wednesday, July 11th. Deutsche Bank set a $79.00 price target on Dover and gave the stock a hold rating in a report on Thursday, July 12th. Finally, Zacks Investment Research cut Dover from a buy rating to a hold rating in a report on Friday, October 12th. Thirteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $90.77.

Shares of Dover stock opened at $83.49 on Friday. Dover has a 12 month low of $70.12 and a 12 month high of $90.26. The company has a market cap of $12.15 billion, a price-to-earnings ratio of 20.72, a PEG ratio of 1.42 and a beta of 1.34. The company has a quick ratio of 0.93, a current ratio of 1.35 and a debt-to-equity ratio of 1.05.

Dover (NYSE:DOV) last announced its earnings results on Thursday, October 18th. The industrial products company reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.07. Dover had a return on equity of 18.66% and a net margin of 9.64%. The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.76 billion. During the same quarter in the prior year, the firm earned $1.14 earnings per share. The business’s revenue was up .0% compared to the same quarter last year. As a group, equities research analysts anticipate that Dover will post 4.82 EPS for the current fiscal year.

In other Dover news, Director Kristiane C. Graham sold 50,000 shares of the stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $82.75, for a total transaction of $4,137,500.00. Following the completion of the transaction, the director now owns 367,324 shares of the company’s stock, valued at $30,396,061. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.50% of the stock is owned by corporate insiders.

Dover Company Profile

Dover Corporation provides equipment and components, specialty systems, consumable supplies, software and digital solutions, and support services worldwide. The company operates in 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 clamps, 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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Earnings History and Estimates for Dover (NYSE:DOV)

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