Donaldson Company, Inc. (NYSE:DCI) updated its FY18 earnings guidance on Thursday. The company provided earnings per share guidance of GAAP $1.79-1.93 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.89. The company issued revenue guidance of +4-8% to ~$2.467-2.56 billion, compared to the consensus revenue estimate of $2.47 billion.

Several brokerages recently issued reports on DCI. BidaskClub raised Donaldson from a hold rating to a buy rating in a research note on Wednesday, August 23rd. Zacks Investment Research cut Donaldson from a buy rating to a hold rating in a research note on Wednesday, August 9th. Stifel Nicolaus set a $48.00 price objective on Donaldson and gave the stock a hold rating in a research note on Friday, August 18th. Finally, Oppenheimer Holdings, Inc. reissued a hold rating on shares of Donaldson in a research note on Thursday, June 1st. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $48.25.

Donaldson Company, Inc. (NYSE DCI) opened at 46.57 on Thursday. Donaldson Company, Inc. has a 52 week low of $35.59 and a 52 week high of $48.91. The company has a market cap of $6.10 billion, a PE ratio of 27.72 and a beta of 1.21. The company has a 50-day moving average price of $46.98 and a 200 day moving average price of $45.97.

Donaldson (NYSE:DCI) last announced its earnings results on Thursday, September 7th. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by $0.02. The firm had revenue of $660.10 million during the quarter, compared to analysts’ expectations of $634.41 million. Donaldson had a net margin of 9.72% and a return on equity of 28.12%. The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.46 EPS. On average, equities research analysts forecast that Donaldson Company, Inc. will post ($0.38) EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th were given a $0.18 dividend. This is a positive change from Donaldson’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Friday, August 11th. This represents a $0.72 dividend on an annualized basis and a yield of 1.55%. Donaldson’s payout ratio is presently 43.11%.

In other Donaldson news, Director Michael J. Hoffman sold 14,400 shares of the business’s stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of $46.84, for a total value of $674,496.00. Following the sale, the director now owns 41,473 shares of the company’s stock, valued at $1,942,595.32. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.88% of the stock is owned by insiders.

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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.

Earnings History and Estimates for Donaldson (NYSE:DCI)

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