Donaldson (NYSE:DCI) is set to announce its earnings results before the market opens on Tuesday, December 4th. Analysts expect the company to announce earnings of $0.57 per share for the quarter. Donaldson has set its FY19 guidance at $2.29-2.43 EPS.Investors that are interested in participating in the company’s conference call can do so using this link.
Donaldson (NYSE:DCI) last issued its earnings results on Thursday, September 6th. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.58. Donaldson had a net margin of 6.59% and a return on equity of 31.09%. The firm had revenue of $724.70 million during the quarter, compared to analysts’ expectations of $727.79 million. During the same quarter last year, the company posted $0.51 earnings per share. The firm’s revenue was up 9.8% compared to the same quarter last year. On average, analysts expect Donaldson to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of Donaldson stock opened at $56.04 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.40 and a quick ratio of 1.69. Donaldson has a 1 year low of $43.35 and a 1 year high of $59.43. The firm has a market cap of $7.12 billion, a P/E ratio of 28.02, a price-to-earnings-growth ratio of 2.04 and a beta of 1.25.
Several research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Donaldson from a “buy” rating to a “hold” rating in a report on Tuesday, November 13th. Oppenheimer reissued a “hold” rating on shares of Donaldson in a report on Sunday, October 14th. Stifel Nicolaus raised their target price on shares of Donaldson from $54.00 to $60.00 and gave the stock a “hold” rating in a report on Friday, September 14th. Finally, ValuEngine raised shares of Donaldson from a “hold” rating to a “buy” rating in a report on Friday, September 7th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Donaldson currently has a consensus rating of “Buy” and a consensus target price of $60.00.
In related news, VP Richard Brent Lewis sold 3,209 shares of the firm’s stock in a transaction on Friday, September 14th. The shares were sold at an average price of $58.99, for a total transaction 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Willard D. Oberton sold 14,400 shares of the firm’s stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $56.85, for a total transaction of $818,640.00. Following the transaction, the director now directly owns 30,451 shares of the company’s stock, valued at approximately $1,731,139.35. The disclosure for this sale can be found here. Company insiders own 1.35% of the company’s stock.
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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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