Dover (NYSE:DOV) is scheduled to announce its earnings results before the market opens on Friday, April 27th. Analysts expect the company to announce earnings of $1.15 per share for the quarter. Dover has set its FY18 guidance at $5.73-5.93 EPS.
Dover (NYSE:DOV) last announced its quarterly earnings results on Tuesday, January 30th. The industrial products company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.09. The company had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2 billion. Dover had a return on equity of 15.24% and a net margin of 10.37%. Dover’s revenue was up 13.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.03 EPS. On average, analysts expect Dover to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Shares of DOV stock opened at $96.00 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.01. The stock has a market capitalization of $14,515.89, a PE ratio of 23.82, a P/E/G ratio of 1.23 and a beta of 1.30. Dover has a one year low of $76.47 and a one year high of $109.06.
In other news, SVP Patrick Burns purchased 510 shares of Dover stock in a transaction on Friday, March 2nd. The stock was purchased at an average price of $97.51 per share, with a total value of $49,730.10. Following the transaction, the senior vice president now directly owns 1,883 shares in the company, valued at approximately $183,611.33. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Paul Goldberg sold 3,300 shares of the company’s stock in a transaction that occurred on 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 directly owns 4,545 shares of the company’s stock, valued at approximately $463,590. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,897 shares of company stock valued at $2,031,745. 2.50% of the stock is owned by company insiders.
A number of analysts have recently commented on DOV shares. BMO Capital Markets reaffirmed a “buy” rating on shares of Dover in a research note on Friday, January 26th. Zacks Investment Research raised Dover from a “hold” rating to a “buy” rating and set a $116.00 price target for the company in a research note on Friday, January 19th. Seaport Global Securities reaffirmed a “hold” rating and issued a $110.00 price target on shares of Dover in a research note on Friday, February 2nd. Royal Bank of Canada reaffirmed a “hold” rating and issued a $105.00 price target on shares of Dover in a research note on Wednesday, January 17th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $112.00 price target (up from $100.00) on shares of Dover in a research note on Tuesday, January 16th. Thirteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Dover currently has an average rating of “Hold” and an average target price 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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