Donaldson Company (DCI) Posts Quarterly Results
Donaldson Company (NYSE:DCI) announced its earnings results on Wednesday. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.03, AnalystRatings.Net reports. The company had revenue of $668.00 million for the quarter, compared to the consensus estimate of $654.67 million.
Donaldson Company (NYSE:DCI) opened at 40.69 on Wednesday. Donaldson Company has a 52-week low of $34.60 and a 52-week high of $43.74. The stock has a 50-day moving average of $40.1 and a 200-day moving average of $41.4. The company has a market cap of $5.817 billion and a P/E ratio of 23.41.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 5th. Stockholders of record on Friday, August 15th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend is Wednesday, August 13th.
On a related note, analysts at Acumen Capital raised their price target on shares of Donaldson Company from $24.00 to $25.00 in a research note on Friday, August 15th.
Donaldson Company, Inc (NYSE:DCI) is a worldwide manufacturer of filtration systems and replacement parts.
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