Equities research analysts expect Donaldson Company, Inc. (NYSE:DCI) to post $598.87 million in sales for the current quarter, Zacks 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 reported sales of $553.00 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 8.3%. The business is expected to announce its next earnings report on Thursday, December 7th.

On average, analysts expect that Donaldson will report full-year sales of $598.87 million for the current fiscal year, with estimates ranging from $2.52 billion to $2.54 billion. For the next year, analysts anticipate that the business will post sales of $2.64 billion per share, with estimates ranging from $2.60 billion to $2.67 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Donaldson.

Donaldson (NYSE:DCI) last released its quarterly earnings results on Thursday, September 7th. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $660.10 million during the quarter, compared to analyst estimates of $634.41 million. During the same period in the prior year, the business earned $0.46 EPS. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year.

A number of brokerages have recently issued reports on DCI. BidaskClub cut shares of Donaldson from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Zacks Investment Research cut shares of Donaldson from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Stifel Nicolaus reissued a “hold” rating and issued a $45.00 price objective (down from $48.00) on shares of Donaldson in a research note on Friday, September 8th. SunTrust Banks, Inc. reissued a “hold” rating and issued a $46.00 price objective on shares of Donaldson in a research note on Friday. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $54.00 price objective on shares of Donaldson in a research note on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. Donaldson presently has a consensus rating of “Hold” and a consensus price target of $48.00.

Shares of Donaldson (NYSE:DCI) opened at 48.12 on Friday. The firm has a 50 day moving average price of $46.04 and a 200 day moving average price of $46.31. The firm has a market cap of $6.25 billion, a P/E ratio of 27.66 and a beta of 1.22. Donaldson has a 1-year low of $35.85 and a 1-year high of $48.91.

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A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of Donaldson by 1.4% in the second quarter. Vanguard Group Inc. now owns 12,319,252 shares of the industrial products company’s stock valued at $561,018,000 after acquiring an additional 166,412 shares during the period. BlackRock Inc. raised its stake in shares of Donaldson by 1.9% in the second quarter. BlackRock Inc. now owns 10,590,302 shares of the industrial products company’s stock valued at $482,282,000 after acquiring an additional 199,946 shares during the period. FMR LLC raised its stake in shares of Donaldson by 1.9% in the second quarter. FMR LLC now owns 1,901,024 shares of the industrial products company’s stock valued at $86,573,000 after acquiring an additional 34,711 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Donaldson by 1.7% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,841,796 shares of the industrial products company’s stock valued at $83,876,000 after acquiring an additional 30,614 shares during the period. Finally, Janus Henderson Group PLC raised its stake in shares of Donaldson by 163.8% in the second quarter. Janus Henderson Group PLC now owns 1,479,606 shares of the industrial products company’s stock valued at $67,381,000 after acquiring an additional 918,729 shares during the period. Institutional investors and hedge funds own 78.31% of the company’s stock.

About Donaldson

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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Earnings History and Estimates for Donaldson (NYSE:DCI)

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