Brokerages Expect Dover Corp (DOV) Will Post Earnings of $1.33 Per Share

Analysts expect that Dover Corp (NYSE:DOV) will post $1.33 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have made estimates for Dover’s earnings, with the lowest EPS estimate coming in at $1.27 and the highest estimate coming in at $1.38. Dover posted earnings of $1.13 per share during the same quarter last year, which would indicate a positive year over year growth rate of 17.7%. The company is scheduled to announce its next quarterly earnings results on Tuesday, January 29th.

According to Zacks, analysts expect that Dover will report full year earnings of $4.82 per share for the current year, with EPS estimates ranging from $4.75 to $4.90. For the next year, analysts anticipate that the company will post earnings of $5.67 per share, with EPS estimates ranging from $5.31 to $5.97. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Dover.

Dover (NYSE:DOV) last announced its quarterly earnings results on Thursday, October 18th. The industrial products company reported $1.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.29 by $0.07. The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.76 billion. Dover had a net margin of 9.64% and a return on equity of 18.66%. The firm’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.14 earnings per share.

Several equities research analysts recently issued reports on DOV shares. ValuEngine upgraded shares of Dover from a “sell” rating to a “hold” rating in a report on Tuesday, July 31st. Oppenheimer restated a “hold” rating on shares of Dover in a report on Tuesday, September 11th. MED started coverage on shares of Dover in a report on Thursday, July 12th. They issued a “hold” rating and a $79.00 target price on the stock. Barclays dropped their target price on shares of Dover from $94.00 to $88.00 and set an “overweight” rating on the stock in a report on Monday, July 9th. Finally, Gordon Haskett started coverage on shares of Dover in a report on Friday, October 12th. They issued a “buy” rating on the stock. Thirteen analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $90.92.

In other news, Director Kristiane C. Graham sold 50,000 shares of Dover stock in a transaction on Monday, August 6th. The shares were sold at an average price of $82.75, for a total transaction of $4,137,500.00. Following the transaction, the director now owns 367,324 shares in the company, valued at approximately $30,396,061. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.50% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Bfsg LLC purchased a new position in shares of Dover during the 3rd quarter valued at $477,000. Seven Eight Capital LP purchased a new position in shares of Dover during the 3rd quarter valued at $545,000. Aperio Group LLC lifted its stake in shares of Dover by 6.5% during the 3rd quarter. Aperio Group LLC now owns 109,714 shares of the industrial products company’s stock valued at $9,713,000 after buying an additional 6,659 shares in the last quarter. Monte Financial Group LLC lifted its stake in shares of Dover by 3.9% during the 3rd quarter. Monte Financial Group LLC now owns 32,393 shares of the industrial products company’s stock valued at $2,868,000 after buying an additional 1,217 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in shares of Dover by 14.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 77,135 shares of the industrial products company’s stock valued at $6,829,000 after buying an additional 9,650 shares in the last quarter. Institutional investors and hedge funds own 90.85% of the company’s stock.

DOV stock traded down $1.08 on Friday, hitting $82.41. The company had a trading volume of 2,154,300 shares, compared to its average volume of 1,720,581. Dover has a 12-month low of $70.12 and a 12-month high of $90.26. The company has a current ratio of 1.35, a quick ratio of 0.93 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $12.15 billion, a P/E ratio of 20.45, a P/E/G ratio of 1.42 and a beta of 1.34.

About Dover

Dover Corporation provides equipment and components, specialty systems, consumable supplies, software and digital solutions, and support services worldwide. The company operates in 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 clamps, 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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