$0.42 EPS Expected for Donaldson Company, Inc. (DCI) This Quarter
Wall Street brokerages predict that Donaldson Company, Inc. (NYSE:DCI) will report $0.42 earnings per share for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Donaldson’s earnings, with the highest EPS estimate coming in at $0.45 and the lowest estimate coming in at $0.40. Donaldson posted earnings per share of $0.38 in the same quarter last year, which suggests a positive year over year growth rate of 10.5%. The firm is scheduled to report its next earnings results before the market opens on Thursday, November 30th.
On average, analysts expect that Donaldson will report full year earnings of $1.87 per share for the current fiscal year, with EPS estimates ranging from $1.84 to $1.90. For the next year, analysts anticipate that the firm will post earnings of $2.07 per share, with EPS estimates ranging from $2.05 to $2.10. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Donaldson.
Donaldson (NYSE:DCI) last issued its earnings results on Thursday, September 7th. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.02). Donaldson had a return on equity of 28.14% and a net margin of 9.81%. The firm had revenue of $660.10 million during the quarter, compared to analyst estimates of $634.41 million. During the same period in the previous year, the company earned $0.46 EPS. Donaldson’s revenue for the quarter was up 11.2% on a year-over-year basis.
A number of equities analysts have issued reports on DCI shares. Zacks Investment Research cut Donaldson from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $45.00 target price (down previously from $48.00) on shares of Donaldson in a report on Friday, September 8th. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $46.00 target price on shares of Donaldson in a report on Friday, October 27th. BidaskClub cut Donaldson from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $47.00 target price on shares of Donaldson in a report on Friday, September 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $48.00.
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Hedge funds have recently modified their holdings of the company. BNP Paribas Arbitrage SA increased its stake in shares of Donaldson by 68.9% in the second quarter. BNP Paribas Arbitrage SA now owns 49,853 shares of the industrial products company’s stock valued at $2,270,000 after buying an additional 20,345 shares during the period. Zacks Investment Management acquired a new stake in shares of Donaldson in the second quarter valued at about $294,000. Koch Industries Inc. acquired a new stake in shares of Donaldson in the second quarter valued at about $618,000. American Century Companies Inc. increased its stake in shares of Donaldson by 1.3% in the second quarter. American Century Companies Inc. now owns 1,203,977 shares of the industrial products company’s stock valued at $54,829,000 after buying an additional 15,748 shares during the period. Finally, Blair William & Co. IL increased its stake in shares of Donaldson by 3.6% in the second quarter. Blair William & Co. IL now owns 24,116 shares of the industrial products company’s stock valued at $1,098,000 after buying an additional 830 shares during the period. 78.00% of the stock is owned by institutional investors.
Shares of Donaldson (DCI) traded down $0.02 on Friday, reaching $46.91. The company’s stock had a trading volume of 304,285 shares, compared to its average volume of 480,472. Donaldson has a fifty-two week low of $39.49 and a fifty-two week high of $48.91. The company has a current ratio of 2.38, a quick ratio of 1.77 and a debt-to-equity ratio of 0.63. The firm has a market cap of $6,100.00, a PE ratio of 27.43, a PEG ratio of 2.24 and a beta of 1.19.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Wednesday, December 6th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.53%. Donaldson’s payout ratio is 41.38%.
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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