Equities research analysts predict that Dover Corp (NYSE:DOV) will announce earnings per share (EPS) of $1.16 for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Dover’s earnings, with the highest EPS estimate coming in at $1.21 and the lowest estimate coming in at $1.11. Dover reported earnings per share of $0.70 during the same quarter last year, which would suggest a positive year-over-year growth rate of 65.7%. The company is scheduled to report its next earnings results on Thursday, April 19th.
According to Zacks, analysts expect that Dover will report full-year earnings of $5.85 per share for the current fiscal year, with EPS estimates ranging from $5.80 to $5.90. For the next year, analysts expect that the business will report earnings of $6.36 per share, with EPS estimates ranging from $5.61 to $6.80. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Dover.
Dover (NYSE:DOV) last posted its quarterly earnings results on Tuesday, January 30th. The industrial products company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.09. The business had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $2 billion. Dover had a return on equity of 15.24% and a net margin of 10.37%. The firm’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.03 earnings per share.
Dover (DOV) traded up $1.66 during trading hours on Wednesday, reaching $104.39. The company’s stock had a trading volume of 1,153,429 shares, compared to its average volume of 1,206,932. Dover has a 1 year low of $75.51 and a 1 year high of $109.06. The company has a quick ratio of 1.01, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $15,864.02, a price-to-earnings ratio of 20.27, a price-to-earnings-growth ratio of 1.35 and a beta of 1.28.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend is Tuesday, February 27th. Dover’s dividend payout ratio is currently 36.50%.
In other news, insider Stephen Gary Kennon sold 15,702 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $102.01, for a total transaction of $1,601,761.02. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.50% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cerebellum GP LLC acquired a new stake in shares of Dover during the fourth quarter worth about $133,000. Benjamin F. Edwards & Company Inc. raised its position in shares of Dover by 388.2% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 1,694 shares of the industrial products company’s stock worth $155,000 after purchasing an additional 1,347 shares during the period. Tower Research Capital LLC TRC raised its position in shares of Dover by 891.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,775 shares of the industrial products company’s stock worth $179,000 after purchasing an additional 1,596 shares during the period. Somerville Kurt F acquired a new stake in shares of Dover during the fourth quarter worth about $202,000. Finally, Associated Banc Corp acquired a new stake in shares of Dover during the fourth quarter worth about $202,000. 87.22% of the stock is currently owned by institutional investors.
Dover Company Profile
Dover Corporation is a diversified global manufacturer delivering equipment and components, specialty systems, consumable supplies, software and digital solutions and support services. The Company’s segments include Energy, Engineered Systems, Fluids and Refrigeration & Food Equipment. The Company’s Energy segment is a provider of solutions and services for production and processing of fuels around the world.
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