Dover (DOV) to Release Quarterly Earnings on Wednesday

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.

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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.

Earnings History for Dover (NYSE:DOV)

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