Donaldson Company, Inc. (DCI) Expected to Post Quarterly Sales of $598.87 Million
Wall Street analysts expect Donaldson Company, Inc. (NYSE:DCI) to report sales of $598.87 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Donaldson’s earnings, with the highest sales estimate coming in at $607.98 million and the lowest estimate coming in at $592.10 million. Donaldson posted sales of $553.00 million in the same quarter last year, which would indicate a positive year over year growth rate of 8.3%. The firm is expected to announce its next quarterly earnings report before the market opens on Thursday, November 30th.
According to Zacks, analysts expect that Donaldson will report full-year sales of $598.87 million for the current fiscal year, with estimates ranging from $2.52 billion to $2.54 billion. For the next year, analysts expect that the business will post sales of $2.64 billion per share, with estimates ranging from $2.60 billion to $2.67 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Donaldson.
Donaldson (NYSE:DCI) last announced its quarterly earnings results on Thursday, September 7th. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.02). Donaldson had a return on equity of 28.14% and a net margin of 9.81%. The business had revenue of $660.10 million for the quarter, compared to analyst estimates of $634.41 million. During the same quarter last year, the firm posted $0.46 EPS. The company’s revenue was up 11.2% compared to the same quarter last year.
A number of research analysts have issued reports on DCI shares. BidaskClub upgraded Donaldson from a “hold” rating to a “buy” rating in a research report on Wednesday, August 23rd. Jefferies Group LLC reissued a “buy” rating and issued a $54.00 price objective on shares of Donaldson in a research note on Tuesday, October 3rd. Stifel Nicolaus reissued a “hold” rating and issued a $45.00 price objective (down previously from $48.00) on shares of Donaldson in a research note on Friday, September 8th. Robert W. Baird reissued a “hold” rating and issued a $47.00 price objective on shares of Donaldson in a research note on Friday, September 8th. Finally, Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Donaldson in a research note on Thursday, September 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $48.00.
Several institutional investors have recently made changes to their positions in the company. Wolverine Trading LLC raised its position in shares of Donaldson by 41.6% during the third quarter. Wolverine Trading LLC now owns 6,655 shares of the industrial products company’s stock worth $306,000 after purchasing an additional 1,955 shares during the period. Cubist Systematic Strategies LLC raised its position in shares of Donaldson by 501.0% during the third quarter. Cubist Systematic Strategies LLC now owns 51,227 shares of the industrial products company’s stock worth $2,353,000 after purchasing an additional 42,703 shares during the period. Jane Street Group LLC acquired a new stake in shares of Donaldson during the third quarter worth $297,000. Magnetar Financial LLC acquired a new stake in shares of Donaldson during the third quarter worth $201,000. Finally, AMP Capital Investors Ltd raised its position in shares of Donaldson by 47.8% during the third quarter. AMP Capital Investors Ltd now owns 28,959 shares of the industrial products company’s stock worth $1,330,000 after purchasing an additional 9,359 shares during the period. 78.00% of the stock is currently owned by institutional investors.
Donaldson (NYSE DCI) opened at $46.91 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.77 and a current ratio of 2.38. Donaldson has a 12-month low of $39.49 and a 12-month high of $48.91. The stock has a market capitalization of $6,100.00, a price-to-earnings ratio of 27.43, a price-to-earnings-growth ratio of 2.24 and a beta of 1.19.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Wednesday, December 6th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.53%. Donaldson’s dividend payout ratio (DPR) is presently 41.38%.
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.
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