Dover Corporation (NYSE:DOV) to Release Quarterly Earnings on Wednesday
Dover Corporation (NYSE:DOV) is set to issue its quarterly earnings data on Wednesday, July 19th. Analysts expect the company to announce earnings of $1.00 per share for the quarter.
Dover Corporation (NYSE:DOV) last announced its quarterly earnings data on Thursday, April 20th. The industrial products company reported $1.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.48. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.77 billion. Dover Corporation had a net margin of 8.33% and a return on equity of 12.93%. The company’s revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.64 EPS. On average, analysts expect Dover Corporation to post $4.22 EPS for the current fiscal year and $4.41 EPS for the next fiscal year.
Dover Corporation (NYSE DOV) opened at 84.32 on Monday. Dover Corporation has a one year low of $65.50 and a one year high of $84.68. The stock’s 50 day moving average is $81.54 and its 200 day moving average is $79.42. The stock has a market capitalization of $13.13 billion, a price-to-earnings ratio of 22.79 and a beta of 1.27.
DOV has been the topic of several research analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $90.00 target price (up previously from $89.00) on shares of Dover Corporation in a research note on Thursday, July 6th. Citigroup Inc. lifted their target price on Dover Corporation from $84.00 to $87.00 and gave the company a “neutral” rating in a research note on Tuesday, April 11th. BMO Capital Markets raised Dover Corporation from a “market perform” rating to an “outperform” rating and lowered their target price for the company from $89.00 to $82.00 in a research note on Thursday, June 8th. Seaport Global Securities reaffirmed a “buy” rating on shares of Dover Corporation in a research note on Monday, June 5th. Finally, BidaskClub cut Dover Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Ten investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Dover Corporation has a consensus rating of “Hold” and a consensus target price of $85.82.
In related news, VP C. Anderson Fincher sold 15,638 shares of the business’s stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $79.85, for a total value of $1,248,694.30. Following the completion of the sale, the vice president now directly owns 32,842 shares in the company, valued at approximately $2,622,433.70. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael B. Stubbs sold 40,000 shares of the business’s stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $83.22, for a total value of $3,328,800.00. Following the completion of the sale, the director now owns 275,344 shares of the company’s stock, valued at $22,914,127.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 63,502 shares of company stock valued at $5,216,444. Corporate insiders own 2.50% of the company’s stock.
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Dover Corporation Company Profile
Dover Corporation is a diversified global manufacturer delivering equipment and components, specialty systems, consumable supplies, software and digital solutions and support services. The Company’s segments include Energy, Engineered Systems, Fluids and Refrigeration & Food Equipment. The Company’s Energy segment is a provider of solutions and services for production and processing of fuels around the world.
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