Dover (DOV) to Release Quarterly Earnings on Friday
Dover (NYSE:DOV) is set to announce its earnings results before the market opens on Friday, April 27th. Analysts expect the company to announce earnings of $1.15 per share for the quarter.
Dover (NYSE:DOV) last announced its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.09. Dover had a return on equity of 15.24% and a net margin of 10.37%. The company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2 billion. During the same quarter in the prior year, the firm earned $1.03 EPS. The company’s quarterly revenue was up 13.5% compared to the same quarter last year. On average, analysts expect Dover to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Shares of NYSE:DOV opened at $94.94 on Thursday. Dover has a one year low of $76.47 and a one year high of $109.06. The firm has a market cap of $14,688.85, a PE ratio of 23.56, a P/E/G ratio of 1.25 and a beta of 1.30. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.01.
A number of equities research analysts have recently commented on DOV shares. Royal Bank of Canada reiterated a “hold” rating and set a $100.00 price objective on shares of Dover in a research report on Thursday, January 4th. Stifel Nicolaus reissued a “hold” rating and set a $112.00 target price (up from $100.00) on shares of Dover in a research note on Tuesday, January 16th. Zacks Investment Research raised shares of Dover from a “hold” rating to a “buy” rating and set a $116.00 target price on the stock in a research note on Friday, January 19th. UBS began coverage on shares of Dover in a research note on Monday, January 22nd. They set a “neutral” rating on the stock. Finally, BMO Capital Markets reissued a “buy” rating on shares of Dover in a research note on Friday, January 26th. Twelve analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $107.00.
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Dover Company Profile
Dover Corporation provides equipment and components, specialty systems, consumable supplies, software and digital solutions, and support services worldwide. The company operates in four segments: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment. The Energy segment provides solutions and services for the production and processing of fuels for drilling and production, bearings and compression, and automation end markets.
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