Dover (NYSE:DOV) updated its FY18 earnings guidance on Thursday. The company provided earnings per share guidance of $4.80-4.85 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.81. Dover also updated its FY 2018 guidance to $4.80-4.85 EPS.

A number of brokerages have commented on DOV. ValuEngine raised shares of Dover from a sell rating to a hold rating in a research report on Tuesday, July 31st. Zacks Investment Research downgraded shares of Dover from a buy rating to a hold rating in a research report on Friday, October 12th. UBS Group increased their price objective on shares of Dover from $80.00 to $86.00 and gave the company a neutral rating in a research report on Thursday, August 30th. Seaport Global Securities reissued a hold rating and issued a $80.00 price objective on shares of Dover in a research report on Friday, July 20th. Finally, BMO Capital Markets dropped their price objective on shares of Dover from $98.00 to $93.00 and set an outperform rating on the stock in a research report on Friday, July 20th. Thirteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $90.77.

NYSE DOV opened at $82.23 on Thursday. The company has a current ratio of 1.35, a quick ratio of 0.93 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $13.08 billion, a P/E ratio of 20.40, a P/E/G ratio of 1.53 and a beta of 1.34. Dover has a 12 month low of $70.12 and a 12 month high of $90.26.

Dover (NYSE:DOV) last posted its earnings results on Thursday, October 18th. The industrial products company reported $1.36 EPS for the quarter, beating the Zacks’ consensus estimate of $1.29 by $0.07. The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.76 billion. Dover had a net margin of 9.64% and a return on equity of 18.66%. The company’s revenue was up .0% on a year-over-year basis. During the same period last year, the firm posted $1.14 EPS. On average, research analysts forecast that Dover will post 4.82 EPS for the current fiscal year.

In related news, Director Kristiane C. Graham sold 50,000 shares of the stock in a transaction on Monday, August 6th. The shares were sold at an average price of $82.75, for a total value of $4,137,500.00. Following the transaction, the director now directly owns 367,324 shares of the company’s stock, valued at approximately $30,396,061. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.60% of the company’s stock.

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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Earnings History and Estimates for Dover (NYSE:DOV)

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