Dover (NYSE:DOV) issued an update on its FY20 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $5.00-5.25 for the period, compared to the Thomson Reuters consensus estimate of $5.21.

NYSE DOV opened at $113.98 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 1.32 and a debt-to-equity ratio of 0.97. The company has a market cap of $16.41 billion, a PE ratio of 24.67, a price-to-earnings-growth ratio of 1.89 and a beta of 1.42. Dover has a 52 week low of $62.95 and a 52 week high of $120.26. The firm’s 50-day simple moving average is $109.31 and its two-hundred day simple moving average is $96.90.

Dover (NYSE:DOV) last posted its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.20. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.46 billion. Dover had a net margin of 9.99% and a return on equity of 27.33%. The company’s quarterly revenue was down 20.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.56 earnings per share. As a group, equities research analysts anticipate that Dover will post 5.19 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st were given a dividend of $0.495 per share. The ex-dividend date was Friday, August 28th. This represents a $1.98 annualized dividend and a dividend yield of 1.74%. This is an increase from Dover’s previous quarterly dividend of $0.49. Dover’s dividend payout ratio is currently 33.39%.

Several equities analysts have recently weighed in on the company. Robert W. Baird upgraded Dover from a neutral rating to an outperform rating and set a $123.00 price target for the company in a research report on Friday, July 17th. They noted that the move was a valuation call. Bank of America lifted their target price on Dover from $122.00 to $126.00 and gave the company a buy rating in a report on Tuesday. Zacks Investment Research raised shares of Dover from a hold rating to a buy rating and set a $107.00 price target on the stock in a report on Thursday, July 16th. Oppenheimer reaffirmed a hold rating on shares of Dover in a research note on Tuesday. Finally, Seaport Global Securities reaffirmed a neutral rating on shares of Dover in a report on Thursday, July 23rd. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $104.50.

About Dover

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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Earnings History and Estimates for Dover (NYSE:DOV)

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