Brokerages expect Donaldson Company, Inc. (NYSE:DCI) to announce sales of $726.11 million for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Donaldson’s earnings. The highest sales estimate is $731.60 million and the lowest is $721.20 million. Donaldson reported sales of $724.70 million in the same quarter last year, which indicates a positive year over year growth rate of 0.2%. The firm is expected to issue its next earnings report before the market opens on Thursday, September 5th.
On average, analysts expect that Donaldson will report full-year sales of $2.84 billion for the current financial year, with estimates ranging from $2.84 billion to $2.85 billion. For the next year, analysts forecast that the company will report sales of $2.96 billion, with estimates ranging from $2.90 billion to $3.07 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that follow Donaldson.
Donaldson (NYSE:DCI) last released its quarterly earnings data on Tuesday, June 4th. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.04). The company had revenue of $713.00 million for the quarter, compared to analyst estimates of $745.05 million. Donaldson had a return on equity of 32.30% and a net margin of 10.96%. Donaldson’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.53 earnings per share.
In other Donaldson news, Director John Wiehoff sold 14,400 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $47.88, for a total value of $689,472.00. Following the completion of the transaction, the director now directly owns 66,860 shares in the company, valued at approximately $3,201,256.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.35% of the company’s stock.
Large investors have recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Donaldson in the fourth quarter valued at approximately $35,668,000. Geode Capital Management LLC boosted its stake in Donaldson by 6.6% in the fourth quarter. Geode Capital Management LLC now owns 1,309,517 shares of the industrial products company’s stock valued at $56,819,000 after acquiring an additional 80,514 shares during the last quarter. Deutsche Bank AG boosted its stake in Donaldson by 40.9% in the fourth quarter. Deutsche Bank AG now owns 295,670 shares of the industrial products company’s stock valued at $12,827,000 after acquiring an additional 85,859 shares during the last quarter. Harvey Investment Co. LLC boosted its stake in Donaldson by 1.7% in the first quarter. Harvey Investment Co. LLC now owns 216,903 shares of the industrial products company’s stock valued at $10,858,000 after acquiring an additional 3,725 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its stake in Donaldson by 0.9% in the first quarter. Louisiana State Employees Retirement System now owns 34,200 shares of the industrial products company’s stock valued at $1,712,000 after acquiring an additional 300 shares during the last quarter. 80.83% of the stock is currently owned by institutional investors.
DCI stock traded down $1.62 during trading on Wednesday, reaching $47.39. 273,155 shares of the company were exchanged, compared to its average volume of 418,628. The business’s 50-day moving average is $49.21. The company has a market capitalization of $6.26 billion, a P/E ratio of 23.69, a price-to-earnings-growth ratio of 1.87 and a beta of 1.43. Donaldson has a twelve month low of $40.27 and a twelve month high of $59.43. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.63 and a quick ratio of 1.82.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 29th. Shareholders of record on Tuesday, August 13th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend is Monday, August 12th. Donaldson’s dividend payout ratio (DPR) is currently 42.00%.
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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