Wall Street analysts expect Donaldson Company, Inc. (NYSE:DCI) to announce $696.35 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Donaldson’s earnings, with estimates ranging from $689.51 million to $704.90 million. Donaldson reported sales of $701.40 million during the same quarter last year, which would suggest a negative year over year growth rate of 0.7%. The firm is expected to issue its next quarterly earnings report on Tuesday, December 3rd.
On average, analysts expect that Donaldson will report full year sales of $2.84 billion for the current fiscal year, with estimates ranging from $2.82 billion to $2.87 billion. For the next fiscal year, analysts forecast that the firm will post sales of $2.97 billion, with estimates ranging from $2.90 billion to $3.09 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow Donaldson.
Donaldson (NYSE:DCI) last released its earnings results on Thursday, September 5th. The industrial products company reported $0.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.01. The firm had revenue of $726.90 million during the quarter, compared to analyst estimates of $725.32 million. Donaldson had a net margin of 9.39% and a return on equity of 32.29%. The business’s revenue was up .3% on a year-over-year basis. During the same quarter last year, the business earned $0.58 EPS.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Nomura Asset Management Co. Ltd. purchased a new position in shares of Donaldson in the 2nd quarter worth approximately $36,000. Meeder Asset Management Inc. purchased a new position in shares of Donaldson in the 2nd quarter worth approximately $66,000. Dougherty Wealth Advisers LLC grew its position in shares of Donaldson by 193.4% in the 2nd quarter. Dougherty Wealth Advisers LLC now owns 1,517 shares of the industrial products company’s stock worth $77,000 after buying an additional 1,000 shares during the last quarter. Griffin Asset Management Inc. purchased a new position in shares of Donaldson in the 2nd quarter worth approximately $81,000. Finally, Ossiam purchased a new position in shares of Donaldson in the 2nd quarter worth approximately $150,000. 80.71% of the stock is currently owned by institutional investors and hedge funds.
NYSE DCI traded up $0.69 during trading on Friday, reaching $52.03. 432,151 shares of the company’s stock traded hands, compared to its average volume of 442,691. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.32 and a quick ratio of 1.64. The firm has a market cap of $6.61 billion, a price-to-earnings ratio of 23.54, a price-to-earnings-growth ratio of 2.10 and a beta of 1.41. The company’s 50 day simple moving average is $49.49 and its two-hundred day simple moving average is $49.96. Donaldson has a 12-month low of $40.27 and a 12-month high of $59.14.
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Tuesday, August 13th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date was Monday, August 12th. Donaldson’s dividend payout ratio (DPR) is 38.01%.
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.
Further Reading: Net Margin
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