Wall Street brokerages expect that Dover Corp (NYSE:DOV) will report sales of $1.91 billion for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Dover’s earnings. The highest sales estimate is $1.93 billion and the lowest is $1.89 billion. Dover reported sales of $1.81 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 5.5%. The firm is expected to report its next earnings report on Thursday, April 19th.
According to Zacks, analysts expect that Dover will report full-year sales of $1.91 billion for the current year, with estimates ranging from $8.09 billion to $8.21 billion. For the next fiscal year, analysts anticipate that the company will post sales of $8.55 billion per share, with estimates ranging from $8.37 billion to $8.80 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Dover.
Dover (NYSE:DOV) last posted its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.09. Dover had a return on equity of 15.24% and a net margin of 10.37%. The business had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2 billion. During the same quarter in the previous year, the firm earned $1.03 EPS. The firm’s revenue was up 13.5% compared to the same quarter last year.
In other news, SVP Stephen Gary Kennon sold 2,359 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $94.40, for a total value of $222,689.60. Following the sale, the senior vice president now directly owns 5,192 shares in the company, valued at approximately $490,124.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP William T. Bosway sold 6,087 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $94.66, for a total value of $576,195.42. Following the completion of the sale, the vice president now owns 21,877 shares in the company, valued at $2,070,876.82. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,876 shares of company stock worth $1,026,090. Corporate insiders own 2.50% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in shares of Dover by 17.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,810,306 shares of the industrial products company’s stock valued at $531,702,000 after purchasing an additional 848,098 shares during the period. Pzena Investment Management LLC grew its stake in shares of Dover by 0.3% in the 3rd quarter. Pzena Investment Management LLC now owns 5,613,811 shares of the industrial products company’s stock valued at $513,046,000 after purchasing an additional 14,504 shares during the period. Wells Fargo & Company MN grew its stake in shares of Dover by 2.3% in the 3rd quarter. Wells Fargo & Company MN now owns 3,205,690 shares of the industrial products company’s stock valued at $292,968,000 after purchasing an additional 73,375 shares during the period. Third Point LLC bought a new stake in shares of Dover in the 3rd quarter valued at approximately $150,794,000. Finally, Bessemer Group Inc. grew its stake in shares of Dover by 3.2% in the 3rd quarter. Bessemer Group Inc. now owns 1,648,845 shares of the industrial products company’s stock valued at $150,689,000 after purchasing an additional 50,810 shares during the period. Institutional investors own 84.45% of the company’s stock.
Dover (DOV) opened at $98.57 on Tuesday. Dover has a 12-month low of $75.51 and a 12-month high of $109.06. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.40. The firm has a market capitalization of $16,080.76, a PE ratio of 25.61, a P/E/G ratio of 1.41 and a beta of 1.28.
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Dover 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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