Dover (NYSE:DOV) issued an update on its FY19 earnings guidance on Thursday morning. The company provided earnings per share guidance of $5.65-5.85 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.72. Dover also updated its FY 2019 guidance to $5.65-5.85 EPS.
DOV stock opened at $96.80 on Thursday. Dover has a twelve month low of $65.83 and a twelve month high of $98.02. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.37 and a quick ratio of 0.96. The company has a market cap of $14.19 billion, a PE ratio of 19.48, a P/E/G ratio of 1.41 and a beta of 1.49.
Dover (NYSE:DOV) last released its quarterly earnings results on Thursday, April 18th. The industrial products company reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.14. Dover had a net margin of 7.84% and a return on equity of 24.90%. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter last year, the company earned $0.90 earnings per share. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. On average, analysts anticipate that Dover will post 5.73 EPS for the current year.
In other news, VP Carrie L. Anderson sold 9,038 shares of the firm’s stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $91.95, for a total transaction of $831,044.10. Following the transaction, the vice president now directly owns 4,192 shares of the company’s stock, valued at $385,454.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Anthony K. Kosinski sold 4,241 shares of the firm’s stock in a transaction on Thursday, February 28th. The shares were sold at an average price of $90.53, for a total value of $383,937.73. The disclosure for this sale can be found here. Insiders sold 48,200 shares of company stock worth $4,277,800 over the last quarter. 1.70% of the stock is currently owned by company insiders.
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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 through 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 and 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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