Donaldson (DCI) Releases FY18 Earnings Guidance
Donaldson (NYSE:DCI) updated its FY18 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.90-2.04 for the period, compared to the Thomson Reuters consensus estimate of $1.88. The company issued revenue guidance of +10-14% to ~$2.608-2.703 billion, compared to the consensus revenue estimate of $2.53 billion.
A number of equities analysts have issued reports on the company. Zacks Investment Research upgraded Donaldson from a hold rating to a buy rating and set a $54.00 price target for the company in a research note on Monday. SunTrust Banks reissued a hold rating and set a $46.00 target price on shares of Donaldson in a research report on Friday, October 27th. Stifel Nicolaus reissued a hold rating on shares of Donaldson in a research report on Thursday, October 19th. Jefferies Group reissued a buy rating and set a $54.00 target price on shares of Donaldson in a research report on Tuesday, October 3rd. Finally, Robert W. Baird reissued a hold rating and set a $47.00 target price on shares of Donaldson in a research report on Friday, September 8th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $49.20.
Donaldson (NYSE:DCI) traded down $0.15 during trading hours on Thursday, hitting $48.50. 347,900 shares of the company were exchanged, compared to its average volume of 473,821. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.38 and a quick ratio of 1.77. The company has a market cap of $6,319.87, a PE ratio of 28.79, a PEG ratio of 2.34 and a beta of 1.19. Donaldson has a 52 week low of $39.49 and a 52 week high of $48.93.
Donaldson (NYSE:DCI) last issued its earnings results on Wednesday, November 29th. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.04. Donaldson had a net margin of 9.81% and a return on equity of 28.14%. The business had revenue of $644.80 million for the quarter, compared to analysts’ expectations of $602.02 million. During the same quarter in the previous year, the firm posted ($0.05) EPS. The business’s revenue for the quarter was up 16.6% compared to the same quarter last year. sell-side analysts anticipate that Donaldson will post 1.87 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Wednesday, December 6th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $0.72 dividend on an annualized basis and a yield of 1.48%. Donaldson’s payout ratio is 41.38%.
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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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