Donaldson (DCI) Issues FY19 Earnings Guidance

Donaldson (NYSE:DCI) issued an update on its FY19 earnings guidance on Tuesday morning. The company provided EPS guidance of $2.31-2.45 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.37. The company issued revenue guidance of $2.9-3.01 billion, compared to the consensus revenue estimate of $2.94 billion.Donaldson also updated its FY 2019 guidance to $2.31-2.45 EPS.

Shares of DCI stock opened at $56.68 on Tuesday. Donaldson has a one year low of $43.35 and a one year high of $59.43. The company has a current ratio of 2.40, a quick ratio of 1.69 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $7.18 billion, a P/E ratio of 28.34, a P/E/G ratio of 2.05 and a beta of 1.25.

Donaldson (NYSE:DCI) last issued its quarterly earnings results on Tuesday, December 4th. The industrial products company reported $0.56 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.01). Donaldson had a net margin of 6.59% and a return on equity of 31.09%. The business had revenue of $701.40 million during the quarter, compared to analyst estimates of $700.98 million. During the same period last year, the firm posted $0.46 earnings per share. Donaldson’s quarterly revenue was up 8.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Donaldson will post 2.37 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Shareholders of record on Tuesday, December 11th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend is Monday, December 10th. Donaldson’s dividend payout ratio (DPR) is presently 38.00%.

Several equities analysts have issued reports on the company. Zacks Investment Research lowered Donaldson from a buy rating to a hold rating in a research note on Monday, August 6th. Oppenheimer reissued a hold rating on shares of Donaldson in a research note on Thursday, September 6th. Stifel Nicolaus reissued a hold rating and issued a $54.00 price target (up from $46.00) on shares of Donaldson in a research note on Thursday, September 6th. Finally, ValuEngine raised Donaldson from a hold rating to a buy rating in a research note on Friday, September 7th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $60.00.

In other news, VP Richard Brent Lewis sold 3,209 shares of the company’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $58.99, for a total transaction of $189,298.91. Following the transaction, the vice president now directly owns 4,000 shares of the company’s stock, valued at $235,960. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Willard D. Oberton sold 14,400 shares of the company’s stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $56.85, for a total value of $818,640.00. Following the transaction, the director now directly owns 30,451 shares in the company, valued at $1,731,139.35. The disclosure for this sale can be found here. 1.35% of the stock is currently owned by insiders.

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Donaldson Company Profile

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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Earnings History and Estimates for Donaldson (NYSE:DCI)

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