Wall Street brokerages predict that Donaldson Company, Inc. (NYSE:DCI) will announce earnings per share (EPS) of $0.57 for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Donaldson’s earnings, with estimates ranging from $0.55 to $0.59. Donaldson reported earnings per share of $0.46 during the same quarter last year, which would suggest a positive year over year growth rate of 23.9%. The firm is scheduled to report its next quarterly earnings results on Thursday, November 29th.
According to Zacks, analysts expect that Donaldson will report full year earnings of $2.37 per share for the current financial year, with EPS estimates ranging from $2.35 to $2.40. For the next financial year, analysts forecast that the business will report earnings of $2.61 per share, with EPS estimates ranging from $2.50 to $2.71. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Donaldson.
Donaldson (NYSE:DCI) last released its quarterly earnings data on Thursday, September 6th. The industrial products company reported $0.58 earnings per share for the quarter, hitting the consensus estimate of $0.58. The company had revenue of $724.70 million for the quarter, compared to analyst estimates of $727.79 million. Donaldson had a net margin of 6.59% and a return on equity of 31.09%. Donaldson’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.51 EPS.
Several research firms have recently weighed in on DCI. Stifel Nicolaus boosted their price objective on shares of Donaldson from $54.00 to $60.00 and gave the stock a “hold” rating in a research note on Friday, September 14th. Zacks Investment Research upgraded shares of Donaldson from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research note on Monday, September 10th. ValuEngine upgraded shares of Donaldson from a “hold” rating to a “buy” rating in a research note on Friday, September 7th. Finally, Oppenheimer reiterated a “hold” rating on shares of Donaldson in a research note on Thursday, September 6th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Donaldson currently has an average rating of “Buy” and a consensus target price of $56.75.
Donaldson stock opened at $52.64 on Wednesday. The stock has a market cap of $7.51 billion, a PE ratio of 26.32, a PEG ratio of 2.14 and a beta of 1.18. Donaldson has a fifty-two week low of $43.35 and a fifty-two week high of $59.43. The company has a current ratio of 2.40, a quick ratio of 1.69 and a debt-to-equity ratio of 0.58.
In other Donaldson news, VP Richard Brent Lewis sold 3,209 shares of the business’s stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $58.99, for a total value of $189,298.91. Following the completion of the sale, the vice president now owns 4,000 shares of the company’s stock, valued at approximately $235,960. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Willard D. Oberton sold 14,400 shares of the business’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $56.85, for a total transaction of $818,640.00. Following the completion of the sale, the director now directly owns 30,451 shares of the company’s stock, valued at approximately $1,731,139.35. The disclosure for this sale can be found here. 1.09% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Atria Investments LLC boosted its holdings in Donaldson by 58.5% in the 3rd quarter. Atria Investments LLC now owns 8,132 shares of the industrial products company’s stock valued at $474,000 after purchasing an additional 3,000 shares during the period. Northern Trust Corp boosted its holdings in Donaldson by 1.9% in the 2nd quarter. Northern Trust Corp now owns 887,314 shares of the industrial products company’s stock valued at $40,035,000 after purchasing an additional 16,970 shares during the period. FMR LLC boosted its holdings in Donaldson by 101.2% in the 2nd quarter. FMR LLC now owns 3,442,400 shares of the industrial products company’s stock valued at $155,321,000 after purchasing an additional 1,731,506 shares during the period. Jane Street Group LLC bought a new stake in Donaldson in the 2nd quarter valued at about $215,000. Finally, Tower Research Capital LLC TRC boosted its holdings in Donaldson by 84.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 17,410 shares of the industrial products company’s stock valued at $785,000 after purchasing an additional 7,955 shares during the period. 80.17% of the stock is owned by hedge funds and other institutional investors.
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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