Wall Street brokerages expect Donaldson Company, Inc. (NYSE:DCI) to announce $727.89 million in sales for the current quarter, Zacks reports. Five analysts have made estimates for Donaldson’s earnings. The lowest sales estimate is $718.91 million and the highest is $756.20 million. Donaldson posted sales of $660.10 million in the same quarter last year, which suggests a positive year over year growth rate of 10.3%. The company is scheduled to report its next quarterly earnings report before the market opens on Thursday, September 6th.
According to Zacks, analysts expect that Donaldson will report full-year sales of $2.74 billion for the current fiscal year, with estimates ranging from $2.73 billion to $2.77 billion. For the next year, analysts forecast that the firm will report sales of $2.89 billion per share, with estimates ranging from $2.84 billion to $2.98 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Donaldson.
Donaldson (NYSE:DCI) last posted its quarterly earnings data on Thursday, May 31st. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.01. The company had revenue of $700.00 million during the quarter, compared to analyst estimates of $682.68 million. Donaldson had a return on equity of 30.15% and a net margin of 5.47%. The firm’s quarterly revenue was up 15.1% on a year-over-year basis. During the same quarter last year, the company earned $0.45 earnings per share.
In other Donaldson news, Director John Wiehoff sold 14,400 shares of Donaldson stock in a transaction dated Thursday, June 14th. The stock was sold at an average price of $47.86, for a total transaction of $689,184.00. Following the completion of the sale, the director now owns 62,620 shares of the company’s stock, valued at $2,996,993.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.09% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its stake in shares of Donaldson by 0.4% in the 2nd quarter. BlackRock Inc. now owns 11,222,657 shares of the industrial products company’s stock valued at $506,366,000 after acquiring an additional 39,755 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of Donaldson by 9.2% in the 2nd quarter. Janus Henderson Group PLC now owns 4,360,680 shares of the industrial products company’s stock valued at $196,754,000 after acquiring an additional 368,578 shares during the last quarter. FMR LLC lifted its stake in shares of 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 acquiring an additional 1,731,506 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Donaldson by 6.7% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,099,219 shares of the industrial products company’s stock valued at $94,570,000 after acquiring an additional 132,476 shares during the last quarter. Finally, BTIM Corp. lifted its stake in shares of Donaldson by 1.8% in the 2nd quarter. BTIM Corp. now owns 1,593,514 shares of the industrial products company’s stock valued at $71,900,000 after acquiring an additional 28,665 shares during the last quarter. 77.07% of the stock is owned by institutional investors.
DCI stock traded down $0.13 during mid-day trading on Friday, hitting $47.26. 327,085 shares of the stock were exchanged, compared to its average volume of 341,861. The company has a quick ratio of 2.28, a current ratio of 3.14 and a debt-to-equity ratio of 0.82. Donaldson has a 12 month low of $42.59 and a 12 month high of $52.20. The firm has a market cap of $6.11 billion, a P/E ratio of 27.96, a price-to-earnings-growth ratio of 1.81 and a beta of 1.19.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 30th. Shareholders of record on Tuesday, August 14th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend is Monday, August 13th. Donaldson’s dividend payout ratio (DPR) is currently 44.97%.
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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