Dover Corp (NYSE:DOV) released its earnings results on Thursday. The industrial products company reported $1.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.05, Bloomberg Earnings reports. The company had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.99 billion. Dover Corp had a return on equity of 17.19% and a net margin of 8.92%. The business’s revenue was up 17.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.83 EPS. Dover Corp updated its FY17 guidance to $4.23-4.33 EPS.

Dover Corp (NYSE DOV) traded up 3.30% during midday trading on Friday, reaching $92.45. The company’s stock had a trading volume of 394,406 shares. The firm has a 50 day moving average price of $90.98 and a 200 day moving average price of $84.38. Dover Corp has a 1-year low of $65.50 and a 1-year high of $95.14. The firm has a market capitalization of $14.40 billion, a PE ratio of 23.11 and a beta of 1.27.

In related news, Director Michael B. Stubbs sold 25,000 shares of the business’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $87.04, for a total value of $2,176,000.00. Following the sale, the director now owns 275,344 shares of the company’s stock, valued at approximately $23,965,941.76. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.50% of the stock is owned by insiders.

Several equities analysts have recently commented on DOV shares. BidaskClub cut Dover Corp from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Royal Bank Of Canada restated an “outperform” rating and set a $90.00 price objective (up from $89.00) on shares of Dover Corp in a research note on Thursday, July 6th. Stifel Nicolaus restated a “hold” rating and set a $87.00 price objective on shares of Dover Corp in a research note on Thursday, July 6th. Zacks Investment Research upgraded Dover Corp from a “hold” rating to a “buy” rating and set a $95.00 price objective on the stock in a research note on Tuesday, July 18th. Finally, Citigroup Inc. raised their price objective on Dover Corp from $88.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday, July 21st. Eleven research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Dover Corp currently has a consensus rating of “Hold” and a consensus price target of $94.23.

COPYRIGHT VIOLATION NOTICE: This story was first published by American Banking News and is owned by of American Banking News. If you are accessing this story on another site, it was copied illegally and reposted in violation of U.S. and international copyright & trademark law. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/10/19/dover-corporation-dov-announces-earnings-results-beats-expectations-by-0-04-eps.html.

About Dover Corp

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.

Earnings History for Dover Corp (NYSE:DOV)

Receive News & Ratings for Dover Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dover Corp and related companies with MarketBeat.com's FREE daily email newsletter.