Brokerages Anticipate Donaldson Company, Inc. (DCI) Will Announce Quarterly Sales of $598.87 Million
Equities analysts predict that Donaldson Company, Inc. (NYSE:DCI) will post sales of $598.87 million for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Donaldson’s earnings, with the lowest sales estimate coming in at $592.10 million and the highest estimate coming in at $607.98 million. Donaldson posted sales of $553.00 million during the same quarter last year, which suggests a positive year-over-year growth rate of 8.3%. The company is scheduled to report its next quarterly earnings results on Thursday, December 7th.
According to Zacks, analysts expect that Donaldson will report full-year sales of $598.87 million for the current financial year, with estimates ranging from $2.52 billion to $2.54 billion. For the next financial year, analysts expect that the business will post sales of $2.64 billion per share, with estimates ranging from $2.60 billion to $2.67 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that cover Donaldson.
Donaldson (NYSE:DCI) last posted its earnings results on Thursday, September 7th. The industrial products company reported $0.51 EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.02). Donaldson had a net margin of 9.81% and a return on equity of 28.14%. The company had revenue of $660.10 million during the quarter, compared to analyst estimates of $634.41 million. During the same period in the previous year, the company earned $0.46 EPS. The company’s quarterly revenue was up 11.2% compared to the same quarter last year.
Several research firms have commented on DCI. Stifel Nicolaus restated a “hold” rating and issued a $48.00 price target (up previously from $45.00) on shares of Donaldson in a report on Friday, June 2nd. BidaskClub cut Donaldson from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. Zacks Investment Research cut Donaldson from a “buy” rating to a “hold” rating in a report on Thursday, June 8th. Finally, Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Donaldson in a report on Thursday, June 1st. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Donaldson has an average rating of “Hold” and a consensus target price of $49.50.
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Donaldson (NYSE:DCI) opened at 45.19 on Friday. Donaldson has a 52-week low of $35.85 and a 52-week high of $48.91. The firm has a market cap of $5.95 billion, a PE ratio of 25.97 and a beta of 1.21. The firm has a 50-day moving average of $46.22 and a 200-day moving average of $46.01.
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th were issued a $0.18 dividend. This is a boost from Donaldson’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Friday, August 11th. This represents a $0.72 annualized dividend and a yield of 1.59%. Donaldson’s payout ratio is 41.38%.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. lifted its stake in shares of Donaldson by 5,553.3% in the 1st quarter. BlackRock Inc. now owns 10,390,356 shares of the industrial products company’s stock valued at $472,970,000 after purchasing an additional 10,206,564 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Donaldson by 8.3% in the 1st quarter. Vanguard Group Inc. now owns 12,152,840 shares of the industrial products company’s stock valued at $553,197,000 after purchasing an additional 930,432 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of Donaldson by 163.8% in the 2nd quarter. Janus Henderson Group PLC now owns 1,479,606 shares of the industrial products company’s stock valued at $67,381,000 after purchasing an additional 918,729 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Donaldson by 1,689.5% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 889,372 shares of the industrial products company’s stock valued at $40,502,000 after purchasing an additional 839,672 shares in the last quarter. Finally, Koch Industries Inc. acquired a new position in shares of Donaldson in the 2nd quarter valued at about $618,000. Institutional investors own 77.53% of the company’s stock.
Donaldson Company, Inc is a manufacturer of filtration systems and replacement parts. The Company’s segments include Engine Products, Industrial Products and Corporate. The Company’s products are manufactured at approximately 44 plants around the world and through three joint ventures. The Company offers its products under the Ultra-Web, PowerCore and Donaldson brands.
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