Wall Street analysts expect that Donaldson Company, Inc. (NYSE:DCI) will post $0.43 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Donaldson’s earnings, with the highest EPS estimate coming in at $0.47 and the lowest estimate coming in at $0.42. Donaldson posted earnings per share of $0.35 during the same quarter last year, which indicates a positive year-over-year growth rate of 22.9%. The company is expected to issue its next earnings results on Wednesday, March 7th.
On average, analysts expect that Donaldson will report full-year earnings of $1.99 per share for the current year, with EPS estimates ranging from $1.94 to $2.03. For the next fiscal year, analysts expect that the firm will post earnings of $2.22 per share, with EPS estimates ranging from $2.15 to $2.25. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Donaldson.
Donaldson (NYSE:DCI) last released its earnings results on Thursday, November 30th. The industrial products company reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.04. The firm had revenue of $644.80 million for the quarter, compared to the consensus estimate of $602.02 million. Donaldson had a return on equity of 28.49% and a net margin of 9.57%. The company’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.05) EPS.
A number of research firms recently issued reports on DCI. Stifel Nicolaus restated a “hold” rating and set a $45.00 price objective (down previously from $48.00) on shares of Donaldson in a report on Friday, September 8th. BidaskClub upgraded Donaldson from a “hold” rating to a “buy” rating in a report on Wednesday, August 23rd. SunTrust Banks restated a “hold” rating and set a $46.00 price objective on shares of Donaldson in a report on Friday, October 27th. Jefferies Group restated a “buy” rating and set a $57.00 price objective on shares of Donaldson in a report on Friday, December 1st. Finally, Zacks Investment Research upgraded Donaldson from a “sell” rating to a “hold” rating in a report on Monday, October 30th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $50.60.
Several hedge funds have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. raised its position in shares of Donaldson by 5.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,217 shares of the industrial products company’s stock worth $192,000 after acquiring an additional 217 shares in the last quarter. Magnetar Financial LLC bought a new position in shares of Donaldson in the 3rd quarter worth $201,000. CIBC Asset Management Inc bought a new position in shares of Donaldson in the 3rd quarter worth $201,000. Mosaic Family Wealth LLC raised its position in shares of Donaldson by 5.1% in the 2nd quarter. Mosaic Family Wealth LLC now owns 4,428 shares of the industrial products company’s stock worth $202,000 after acquiring an additional 213 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of Donaldson in the 2nd quarter worth $207,000. Institutional investors and hedge funds own 77.64% of the company’s stock.
Donaldson (NYSE:DCI) traded up $0.54 on Tuesday, reaching $48.90. The company had a trading volume of 325,800 shares, compared to its average volume of 476,020. Donaldson has a one year low of $41.28 and a one year high of $50.10. The company has a current ratio of 2.90, a quick ratio of 2.13 and a debt-to-equity ratio of 0.72. The stock has a market cap of $6,340.00, a PE ratio of 27.32, a P/E/G ratio of 2.20 and a beta of 1.21.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Wednesday, December 6th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend is Tuesday, December 5th. Donaldson’s dividend payout ratio is 40.68%.
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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.
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