Gardner Denver Holdings Inc to Post FY2018 Earnings of $1.28 Per Share, William Blair Forecasts (GDI)

Gardner Denver Holdings Inc (NYSE:GDI) – Analysts at William Blair reduced their FY2018 EPS estimates for shares of Gardner Denver in a research note issued to investors on Monday, October 29th. William Blair analyst B. Drab now expects that the company will earn $1.28 per share for the year, down from their previous forecast of $1.33.

Gardner Denver (NYSE:GDI) last issued its quarterly earnings results on Friday, October 26th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.48 by $0.01. Gardner Denver had a net margin of 12.06% and a return on equity of 22.72%. The firm had revenue of $689.30 million for the quarter, compared to analysts’ expectations of $707.78 million.

GDI has been the topic of a number of other reports. Deutsche Bank reaffirmed a “hold” rating and issued a $32.00 target price on shares of Gardner Denver in a report on Thursday, July 12th. ValuEngine raised shares of Gardner Denver from a “sell” rating to a “hold” rating in a report on Tuesday, July 31st. Citigroup dropped their target price on shares of Gardner Denver from $41.00 to $38.00 and set a “buy” rating on the stock in a report on Monday, October 29th. Zacks Investment Research cut shares of Gardner Denver from a “hold” rating to a “sell” rating in a report on Wednesday, July 18th. Finally, Piper Jaffray Companies set a $37.00 target price on shares of Gardner Denver and gave the company a “buy” rating in a report on Wednesday, August 15th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $34.82.

Shares of GDI stock opened at $25.85 on Thursday. The company has a current ratio of 2.40, a quick ratio of 1.56 and a debt-to-equity ratio of 1.08. The stock has a market capitalization of $5.29 billion, a PE ratio of 258.50 and a beta of 1.23. Gardner Denver has a 52-week low of $23.33 and a 52-week high of $38.00.

A number of institutional investors have recently added to or reduced their stakes in GDI. FMR LLC raised its holdings in Gardner Denver by 103.4% in the 2nd quarter. FMR LLC now owns 13,576,681 shares of the company’s stock valued at $399,019,000 after acquiring an additional 6,901,523 shares during the period. Artisan Partners Limited Partnership raised its holdings in Gardner Denver by 33.2% in the 2nd quarter. Artisan Partners Limited Partnership now owns 9,281,012 shares of the company’s stock valued at $272,769,000 after acquiring an additional 2,313,078 shares during the period. OppenheimerFunds Inc. raised its holdings in Gardner Denver by 133.6% in the 2nd quarter. OppenheimerFunds Inc. now owns 2,734,973 shares of the company’s stock valued at $80,380,000 after acquiring an additional 1,564,257 shares during the period. Wells Fargo & Company MN raised its holdings in Gardner Denver by 66.7% in the 2nd quarter. Wells Fargo & Company MN now owns 2,173,099 shares of the company’s stock valued at $63,868,000 after acquiring an additional 869,139 shares during the period. Finally, BlackRock Inc. raised its holdings in Gardner Denver by 27.6% in the 2nd quarter. BlackRock Inc. now owns 3,640,909 shares of the company’s stock valued at $107,008,000 after acquiring an additional 787,334 shares during the period.

About Gardner Denver

Gardner Denver Holdings, Inc provides mission-critical flow control and compression equipment; and associated aftermarket parts, consumables, and services in the United States, Europe, the Middle East, Africa, and the Asia Pacific. It operates through three segments: Industrials, Energy, and Medical.

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Earnings History and Estimates for Gardner Denver (NYSE:GDI)

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