Donaldson Company, Inc. (DCI) Expected to Announce Quarterly Sales of $684.36 Million

Wall Street analysts expect Donaldson Company, Inc. (NYSE:DCI) to report $684.36 million in sales for the current quarter, according to Zacks. Five analysts have issued estimates for Donaldson’s earnings. The highest sales estimate is $705.80 million and the lowest is $673.00 million. Donaldson reported sales of $608.20 million in the same quarter last year, which indicates a positive year over year growth rate of 12.5%. The business is scheduled to issue its next quarterly earnings report on Thursday, June 7th.

According to Zacks, analysts expect that Donaldson will report full year sales of $684.36 million for the current fiscal year, with estimates ranging from $2.69 billion to $2.76 billion. For the next fiscal year, analysts forecast that the firm will report sales of $2.87 billion per share, with estimates ranging from $2.80 billion to $2.99 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Donaldson.

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Donaldson (NYSE:DCI) last posted its quarterly earnings data on Tuesday, March 6th. The industrial products company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.01). Donaldson had a net margin of 5.29% and a return on equity of 29.25%. The firm had revenue of $664.70 million during the quarter, compared to analysts’ expectations of $630.53 million. During the same quarter in the previous year, the company posted $0.35 EPS. Donaldson’s revenue for the quarter was up 20.7% on a year-over-year basis.

DCI has been the topic of several research analyst reports. Stifel Nicolaus reiterated a “hold” rating and issued a $53.00 price objective (up previously from $50.00) on shares of Donaldson in a research note on Tuesday, January 16th. Gabelli upgraded Donaldson from a “neutral” rating to a “buy” rating in a research report on Wednesday, March 7th. They noted that the move was a valuation call. TheStreet downgraded Donaldson from an “a-” rating to a “c+” rating in a research report on Tuesday, March 6th. Oppenheimer restated a “hold” rating on shares of Donaldson in a research report on Monday, December 18th. Finally, Zacks Investment Research downgraded Donaldson from a “buy” rating to a “hold” rating in a research report on Wednesday, February 14th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $51.00.

Large investors have recently bought and sold shares of the business. Advisor Group Inc. lifted its position in shares of Donaldson by 91.3% during the fourth quarter. Advisor Group Inc. now owns 3,139 shares of the industrial products company’s stock worth $154,000 after acquiring an additional 1,498 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in shares of Donaldson by 51.5% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 3,235 shares of the industrial products company’s stock worth $158,000 after acquiring an additional 1,100 shares in the last quarter. Magnetar Financial LLC purchased a new stake in shares of Donaldson in the third quarter worth $201,000. ETRADE Capital Management LLC purchased a new stake in shares of Donaldson in the fourth quarter worth $202,000. Finally, BB&T Corp purchased a new stake in shares of Donaldson in the fourth quarter worth $210,000. Hedge funds and other institutional investors own 79.15% of the company’s stock.

Donaldson stock traded down $0.87 during trading on Thursday, hitting $43.93. The stock had a trading volume of 681,874 shares, compared to its average volume of 540,444. Donaldson has a 1 year low of $42.59 and a 1 year high of $52.20. The company has a current ratio of 2.94, a quick ratio of 2.15 and a debt-to-equity ratio of 0.81. The company has a market cap of $5,706.86, a price-to-earnings ratio of 25.99, a PEG ratio of 2.00 and a beta of 1.14.

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Donaldson Company Profile

Donaldson Company, Inc is a manufacturer of filtration systems and replacement parts. The Company’s segments include Engine Products, Industrial Products and Corporate. The Company’s products are manufactured at approximately 44 plants around the world and through three joint ventures. The Company offers its products under the Ultra-Web, PowerCore and Donaldson brands.

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Earnings History and Estimates for Donaldson (NYSE:DCI)

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