Dover Corporation (NYSE:DOV) to Release Earnings on Wednesday
Dover Corporation (NYSE:DOV) will post its quarterly earnings results on Wednesday, July 19th. Analysts expect Dover Corporation to post earnings of $1.00 per share for the quarter.
Dover Corporation (NYSE:DOV) last announced its earnings results on Thursday, April 20th. The industrial products company reported $1.09 EPS for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.48. The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.77 billion. Dover Corporation had a net margin of 8.33% and a return on equity of 12.93%. The firm’s revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.64 earnings per share. On average, analysts expect Dover Corporation to post $4.22 EPS for the current fiscal year and $4.42 EPS for the next fiscal year.
Dover Corporation (NYSE DOV) opened at 84.47 on Tuesday. Dover Corporation has a one year low of $65.50 and a one year high of $84.94. The firm has a 50-day moving average of $81.54 and a 200-day moving average of $79.42. The company has a market capitalization of $13.15 billion, a P/E ratio of 22.83 and a beta of 1.27.
Several equities analysts have recently issued reports on DOV shares. Morgan Stanley upgraded Dover Corporation from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $85.00 to $90.00 in a research note on Monday, April 3rd. Citigroup Inc. lifted their price objective on Dover Corporation from $84.00 to $87.00 and gave the company a “neutral” rating in a research note on Tuesday, April 11th. Barclays PLC lifted their price objective on Dover Corporation from $78.00 to $79.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 19th. Stifel Nicolaus lifted their price objective on Dover Corporation from $85.00 to $87.00 and gave the company a “hold” rating in a research note on Friday, April 21st. Finally, Edward Jones cut Dover Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, April 22nd. Ten equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $85.82.
In other Dover Corporation news, Director Michael B. Stubbs sold 40,000 shares of Dover Corporation stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $83.22, for a total transaction of $3,328,800.00. Following the transaction, the director now owns 275,344 shares of the company’s stock, valued at $22,914,127.68. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP C. Anderson Fincher sold 15,638 shares of Dover Corporation stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $79.85, for a total value of $1,248,694.30. Following the transaction, the vice president now directly owns 32,842 shares in the company, valued at approximately $2,622,433.70. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 63,502 shares of company stock worth $5,216,444. 2.50% of the stock is currently owned by corporate insiders.
About Dover Corporation
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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