Dover (NYSE:DOV) is scheduled to post its quarterly earnings results on Wednesday, April 18th. Analysts expect Dover to post earnings of $0.92 per share for the quarter. Dover has set its FY18 guidance at $5.73-5.93 EPS.
Dover (NYSE:DOV) last posted its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.09. Dover had a return on equity of 15.24% and a net margin of 10.37%. The company had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2 billion. During the same period in the previous year, the business earned $1.03 EPS. Dover’s revenue for the quarter was up 13.5% compared to the same quarter last year. On average, analysts expect Dover to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.
DOV stock opened at $94.30 on Tuesday. The company has a current ratio of 1.40, a quick ratio of 1.01 and a debt-to-equity ratio of 0.68. Dover has a 52-week low of $76.47 and a 52-week high of $109.06. The company has a market cap of $14,494.27, a price-to-earnings ratio of 23.40, a price-to-earnings-growth ratio of 1.23 and a beta of 1.30.
In other Dover news, VP Paul Goldberg sold 3,300 shares of the business’s stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $102.00, for a total value of $336,600.00. Following the transaction, the vice president now owns 4,545 shares in the company, valued at $463,590. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Stephen Gary Kennon sold 15,702 shares of the business’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $102.01, for a total value of $1,601,761.02. The disclosure for this sale can be found here. Insiders sold a total of 19,897 shares of company stock worth $2,031,745 in the last three months. Company insiders own 2.60% of the company’s stock.
Several equities research analysts have issued reports on the company. BMO Capital Markets lifted their price objective on Dover from $116.00 to $118.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Stifel Nicolaus dropped their price objective on Dover from $115.00 to $102.00 and set a “hold” rating on the stock in a report on Monday. Morgan Stanley lifted their price objective on Dover from $110.00 to $113.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. SunTrust Banks lifted their price objective on Dover to $106.00 and gave the stock a “hold” rating in a report on Wednesday, January 31st. Finally, Barclays assumed coverage on Dover in a report on Thursday, February 15th. They set an “overweight” rating and a $120.00 price objective on the stock. Twelve equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Dover presently has an average rating of “Hold” and an average price target of $107.00.
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Dover Company Profile
Dover Corporation provides equipment and components, specialty systems, consumable supplies, software and digital solutions, and support services worldwide. The company operates in four segments: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment. The Energy segment provides solutions and services for the production and processing of fuels for drilling and production, bearings and compression, and automation end markets.
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