Dover (NYSE:DOV) Issues FY19 Earnings Guidance

Dover (NYSE:DOV) issued an update on its FY19 earnings guidance on Thursday morning. The company provided EPS guidance of $5.75-5.85 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.81. Dover also updated its FY 2019 guidance to $5.75-5.85 EPS.

Shares of NYSE:DOV opened at $98.12 on Friday. The company has a current ratio of 1.30, a quick ratio of 0.87 and a debt-to-equity ratio of 1.04. The company’s fifty day moving average is $97.73. Dover has a 1-year low of $65.83 and a 1-year high of $103.47. The company has a market cap of $14.26 billion, a PE ratio of 17.55, a PEG ratio of 1.47 and a beta of 1.49.

Dover (NYSE:DOV) last issued its quarterly earnings data on Thursday, July 18th. The industrial products company reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.01. Dover had a return on equity of 29.67% and a net margin of 8.50%. The business had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same period last year, the business earned $1.30 EPS. The business’s revenue was up 4.6% on a year-over-year basis. Equities research analysts forecast that Dover will post 5.82 earnings per share for the current year.

A number of equities research analysts have recently commented on DOV shares. Morgan Stanley cut Silicon Motion Technology from an equal weight rating to an underweight rating in a research note on Monday, April 22nd. Deutsche Bank lifted their target price on Keysight Technologies from $100.00 to $120.00 and gave the stock a buy rating in a research note on Monday, April 22nd. Robert W. Baird started coverage on Rocket Pharmaceuticals in a research note on Monday, April 22nd. They set an outperform rating on the stock. Zacks Investment Research cut GenMark Diagnostics from a hold rating to a sell rating in a research note on Wednesday, April 24th. Finally, Barclays lifted their target price on from $65.00 to $100.00 and gave the stock an overweight rating in a research note on Friday. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $97.94.

About Dover

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.

Featured Article: What is a Derivative?

Earnings History and Estimates for Dover (NYSE:DOV)

Receive News & Ratings for Dover Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dover and related companies with MarketBeat.com's FREE daily email newsletter.