Dover (NYSE:DOV) updated its FY18 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $4.80-4.85 for the period, compared to the Thomson Reuters consensus estimate of $4.81. Dover also updated its FY 2018 guidance to $4.80-4.85 EPS.
Several analysts recently commented on the company. BMO Capital Markets lifted their price objective on Dover from $90.00 to $91.00 and gave the stock a market perform rating in a report on Friday. Barclays lifted their price objective on Dover from $96.00 to $97.00 and gave the stock an overweight rating in a report on Friday. Zacks Investment Research lowered Dover from a buy rating to a hold rating in a report on Friday, October 12th. Gordon Haskett assumed coverage on Dover in a report on Friday, October 12th. They issued a buy rating for the company. Finally, Bank of America lifted their price objective on Dover from $95.00 to $105.00 and gave the stock a buy rating in a report on Wednesday, September 26th. Thirteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $90.92.
NYSE:DOV opened at $82.41 on Friday. Dover has a 52-week low of $70.12 and a 52-week high of $90.26. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.35 and a quick ratio of 0.93. The stock has a market cap of $12.33 billion, a price-to-earnings ratio of 20.45, a P/E/G ratio of 1.43 and a beta of 1.34.
Dover (NYSE:DOV) last released its quarterly earnings results on Thursday, October 18th. The industrial products company reported $1.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.29 by $0.07. Dover had a return on equity of 19.66% and a net margin of 9.69%. The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.76 billion. During the same quarter in the previous year, the company posted $1.14 earnings per share. Dover’s revenue for the quarter was up .0% on a year-over-year basis. Equities research analysts predict that Dover will post 4.85 EPS for the current year.
In other Dover news, Director Kristiane C. Graham sold 50,000 shares of the business’s stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $82.75, for a total transaction of $4,137,500.00. Following the completion of the sale, the director now owns 367,324 shares of the company’s stock, valued at $30,396,061. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.50% of the company’s stock.
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 three segments: Engineered Systems, Fluids, and Refrigeration & Food Equipment. The Engineered Systems segment offers precision marking and coding, digital textile printing, soldering and dispensing equipment, and related consumables and services; and automation components, including manual clamps, power clamps, rotary and linear mechanical indexers, conveyors, pick and place units, glove ports, and manipulators, as well as end-of-arm robotic grippers, slides, and end effectors for fast-moving consumer goods, digital textile printing, vehicle service, environmental solutions, and industrials end markets.
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