Brokerages expect Donaldson Company, Inc. (NYSE:DCI) to report $629.34 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Donaldson’s earnings. The highest sales estimate is $648.60 million and the lowest is $610.00 million. Donaldson posted sales of $550.60 million in the same quarter last year, which would indicate a positive year over year growth rate of 14.3%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, March 7th.

According to Zacks, analysts expect that Donaldson will report full-year sales of $629.34 million for the current year, with estimates ranging from $2.62 billion to $2.68 billion. For the next fiscal year, analysts anticipate that the company will report sales of $2.81 billion per share, with estimates ranging from $2.72 billion to $2.85 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Donaldson.

Donaldson (NYSE:DCI) last released its earnings results on Thursday, November 30th. The industrial products company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.04. Donaldson had a net margin of 9.57% and a return on equity of 28.49%. The business had revenue of $644.80 million during the quarter, compared to analysts’ expectations of $602.02 million. During the same period last year, the business earned ($0.05) earnings per share. The firm’s revenue was up 16.6% on a year-over-year basis.

Several analysts recently commented on the company. Zacks Investment Research cut Donaldson from a “hold” rating to a “sell” rating in a report on Wednesday, November 8th. SunTrust Banks restated a “hold” rating and set a $46.00 price target on shares of Donaldson in a report on Friday, October 27th. Stifel Nicolaus restated a “hold” rating and set a $45.00 price target (down from $48.00) on shares of Donaldson in a report on Friday, September 8th. Robert W. Baird restated a “hold” rating and set a $47.00 price target on shares of Donaldson in a report on Friday, September 8th. Finally, Oppenheimer restated a “hold” rating on shares of Donaldson in a report on Thursday, September 7th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $50.60.

Hedge funds have recently bought and sold shares of the company. Janus Henderson Group PLC boosted its stake in 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 worth $67,381,000 after purchasing an additional 918,729 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings 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 acquiring an additional 839,672 shares in the last quarter. Koch Industries Inc. purchased a new stake in shares of Donaldson in the 2nd quarter valued at about $618,000. Principal Financial Group Inc. raised its holdings in shares of Donaldson by 55.7% in the 2nd quarter. Principal Financial Group Inc. now owns 1,252,691 shares of the industrial products company’s stock valued at $57,048,000 after acquiring an additional 448,320 shares in the last quarter. Finally, Marshall Wace North America L.P. raised its holdings in shares of Donaldson by 725.5% in the 2nd quarter. Marshall Wace North America L.P. now owns 480,502 shares of the industrial products company’s stock valued at $22,103,000 after acquiring an additional 422,292 shares in the last quarter. Institutional investors own 77.64% of the company’s stock.

Donaldson (DCI) opened at $48.36 on Thursday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.13 and a current ratio of 2.90. The company has a market capitalization of $6,258.82, a PE ratio of 27.22, a price-to-earnings-growth ratio of 2.19 and a beta of 1.21. Donaldson has a 52 week low of $41.28 and a 52 week high of $50.10.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Wednesday, December 6th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Tuesday, December 5th. Donaldson’s dividend payout ratio is presently 40.68%.

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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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