Dover (NYSE:DOV) Announces FY 2026 Earnings Guidance

Dover (NYSE:DOV) updated its FY 2026 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of 10.600-10.750 for the period, compared to the consensus EPS estimate of 10.650. The company issued revenue guidance of $8.7 billion, compared to the consensus revenue estimate of $8.7 billion.

Dover Stock Performance

Shares of Dover stock traded up $1.05 on Friday, reaching $196.54. 654,700 shares of the stock were exchanged, compared to its average volume of 1,152,835. The business has a 50 day moving average price of $193.54 and a two-hundred day moving average price of $207.61. The firm has a market capitalization of $26.47 billion, a price-to-earnings ratio of 23.72, a PEG ratio of 1.75 and a beta of 1.13. Dover has a twelve month low of $176.40 and a twelve month high of $237.54. The company has a quick ratio of 1.41, a current ratio of 1.98 and a debt-to-equity ratio of 0.33.

Dover (NYSE:DOV) last posted its quarterly earnings results on Thursday, October 22nd. The industrial products company reported $2.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.85 by $0.03. Dover had a net margin of 13.48% and a return on equity of 18.32%. The company had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same period last year, the firm posted $2.62 EPS. Dover’s revenue for the quarter was up 7.5% compared to the same quarter last year. Analysts anticipate that Dover will post 10.65 earnings per share for the current fiscal year.

Dover Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st were given a dividend of $0.5250 per share. The ex-dividend date of this dividend was Monday, August 31st. This represents a $2.10 annualized dividend and a yield of 1.1%. This is an increase from Dover’s previous quarterly dividend of $0.52. Dover’s payout ratio is 25.30%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Wolfe Research reiterated an “outperform” rating and set a $262.00 price objective on shares of Dover in a research note on Thursday, July 9th. BMO Capital Markets upgraded Dover from a “market perform” rating to an “outperform” rating and lowered their target price for the stock from $255.00 to $240.00 in a research note on Friday, July 24th. Weiss Ratings lowered Dover from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, September 2nd. Mizuho reduced their price target on Dover from $270.00 to $245.00 and set an “outperform” rating for the company in a research report on Thursday, October 15th. Finally, Royal Bank Of Canada boosted their price target on Dover from $216.00 to $219.00 and gave the company a “sector perform” rating in a report on Friday. Eleven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $237.60.

Dover Company Profile

Dover Corporation (NYSE: DOV) is a diversified manufacturer that develops and produces specialized equipment, components and engineered systems for industrial and commercial customers. Its businesses serve markets including fluid handling, equipment manufacturing, clean energy, fueling, refrigeration, heating and cooling, printing, and vehicle service.

The company’s products include pumps, compressors, controls, dispensing and fueling equipment, refrigeration systems, heat-transfer technologies, industrial machinery, vehicle lifts and service equipment, and components used in engineered industrial applications.