Donaldson (DCI) Updates FY 2019 Earnings Guidance

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Donaldson (NYSE:DCI) issued an update on its FY 2019 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $2.27-2.41 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.39. The company issued revenue guidance of $2.871-2.98 billion, compared to the consensus revenue estimate of $2.97 billion.Donaldson also updated its FY19 guidance to $2.27-2.41 EPS.

Shares of NYSE:DCI opened at $49.13 on Thursday. Donaldson has a 12 month low of $40.27 and a 12 month high of $59.43. The company has a market cap of $6.67 billion, a P/E ratio of 24.57, a PEG ratio of 1.90 and a beta of 1.41. The company has a current ratio of 2.40, a quick ratio of 1.66 and a debt-to-equity ratio of 0.74.

Donaldson (NYSE:DCI) last announced its earnings results on Wednesday, March 6th. The industrial products company reported $0.47 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.04). Donaldson had a return on equity of 32.75% and a net margin of 6.92%. The firm had revenue of $703.70 million for the quarter, compared to the consensus estimate of $719.40 million. During the same period in the previous year, the firm earned $0.43 EPS. Donaldson’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, analysts anticipate that Donaldson will post 2.39 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, February 28th. Investors of record on Monday, February 11th were issued a dividend of $0.19 per share. The ex-dividend date was Friday, February 8th. This represents a $0.76 annualized dividend and a yield of 1.55%. Donaldson’s payout ratio is 38.00%.

Several equities research analysts recently commented on DCI shares. Oppenheimer reissued a hold rating on shares of Donaldson in a report on Tuesday, December 4th. Zacks Investment Research cut Donaldson from a buy rating to a hold rating in a report on Tuesday, November 13th. Stifel Nicolaus reissued a hold rating and set a $53.00 target price on shares of Donaldson in a report on Thursday, December 6th. ValuEngine cut Donaldson from a buy rating to a hold rating in a report on Tuesday, December 18th. Finally, SunTrust Banks reissued a hold rating and set a $56.00 target price on shares of Donaldson in a report on Thursday, December 6th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $55.25.

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About Donaldson

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.

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Earnings History and Estimates for Donaldson (NYSE:DCI)

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