Brokerages Anticipate Donaldson Company, Inc. (NYSE:DCI) to Post $0.46 Earnings Per Share

Equities research analysts expect Donaldson Company, Inc. (NYSE:DCI) to report earnings of $0.46 per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Donaldson’s earnings, with estimates ranging from $0.44 to $0.49. Donaldson posted earnings of $0.47 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 2.1%. The firm is expected to issue its next quarterly earnings report on Wednesday, March 4th.

On average, analysts expect that Donaldson will report full year earnings of $2.27 per share for the current fiscal year, with EPS estimates ranging from $2.22 to $2.30. For the next financial year, analysts anticipate that the company will post earnings of $2.53 per share, with EPS estimates ranging from $2.45 to $2.65. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that follow Donaldson.

Donaldson (NYSE:DCI) last issued its quarterly earnings data on Tuesday, December 3rd. The industrial products company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.02). The company had revenue of $672.70 million for the quarter, compared to the consensus estimate of $699.34 million. Donaldson had a return on equity of 32.29% and a net margin of 9.39%. The business’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.56 earnings per share.

A number of analysts have commented on DCI shares. ValuEngine raised Donaldson from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Stifel Nicolaus set a $50.00 price objective on Donaldson and gave the stock a “hold” rating in a report on Friday, September 6th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $52.25.

DCI traded down $0.28 during midday trading on Wednesday, reaching $53.63. 827,800 shares of the company were exchanged, compared to its average volume of 428,804. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.64 and a current ratio of 2.32. The company’s fifty day moving average price is $54.27 and its 200 day moving average price is $50.67. The company has a market cap of $7.08 billion, a price-to-earnings ratio of 24.27, a price-to-earnings-growth ratio of 2.27 and a beta of 1.45. Donaldson has a one year low of $40.27 and a one year high of $56.56.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Tuesday, December 10th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.57%. The ex-dividend date is Monday, December 9th. Donaldson’s dividend payout ratio is presently 38.01%.

Hedge funds have recently added to or reduced their stakes in the company. Quest Capital Management Inc. ADV bought a new position in shares of Donaldson in the third quarter valued at approximately $28,000. Nomura Asset Management Co. Ltd. bought a new position in shares of Donaldson in the second quarter valued at approximately $36,000. Meeder Asset Management Inc. bought a new position in shares of Donaldson in the second quarter valued at approximately $66,000. Dougherty Wealth Advisers LLC grew its holdings in shares of Donaldson by 193.4% in the second quarter. Dougherty Wealth Advisers LLC now owns 1,517 shares of the industrial products company’s stock valued at $77,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Griffin Asset Management Inc. bought a new position in shares of Donaldson in the second quarter valued at approximately $81,000. 80.31% of the stock is owned by institutional investors.

About Donaldson

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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