Dover (DOV) Releases Earnings Results, Beats Expectations By $0.07 EPS
Dover (NYSE:DOV) released its earnings results on Thursday. The industrial products company reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.07, MarketWatch Earnings reports. The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.76 billion. Dover had a return on equity of 18.66% and a net margin of 9.64%. The company’s revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.14 EPS. Dover updated its FY 2018 guidance to $4.80-4.85 EPS and its FY18 guidance to $4.80-4.85 EPS.
Shares of DOV stock opened at $82.23 on Thursday. The company has a quick ratio of 0.93, a current ratio of 1.35 and a debt-to-equity ratio of 1.05. Dover has a twelve month low of $70.12 and a twelve month high of $90.26. The firm has a market cap of $13.08 billion, a P/E ratio of 20.40, a price-to-earnings-growth ratio of 1.53 and a beta of 1.34.
In related news, Director Kristiane C. Graham sold 50,000 shares of the company’s stock in a transaction on Monday, August 6th. The stock was sold at an average price of $82.75, for a total transaction of $4,137,500.00. Following the completion of the sale, the director now directly owns 367,324 shares in the company, valued at approximately $30,396,061. The sale was disclosed in a filing with the SEC, which is available through this link. 2.60% of the stock is owned by corporate insiders.
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 three segments: Engineered Systems, Fluids, and Refrigeration & Food Equipment. The Engineered Systems segment offers precision marking and coding, digital textile printing, soldering and dispensing equipment, and related consumables and services; and automation components, including manual clamps, power clamps, rotary and linear mechanical indexers, conveyors, pick and place units, glove ports, and manipulators, as well as end-of-arm robotic grippers, slides, and end effectors for fast-moving consumer goods, digital textile printing, vehicle service, environmental solutions, and industrials end markets.
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