Brokerages Anticipate Donaldson Company, Inc. (DCI) Will Post Quarterly Sales of $629.64 Million

Wall Street analysts predict that Donaldson Company, Inc. (NYSE:DCI) will announce sales of $629.64 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Donaldson’s earnings. The lowest sales estimate is $610.00 million and the highest is $650.10 million. Donaldson reported sales of $550.60 million during the same quarter last year, which would suggest a positive year over year growth rate of 14.4%. The business is expected to announce its next earnings results before the market opens on Tuesday, March 6th.

On average, analysts expect that Donaldson will report full-year sales of $629.64 million for the current fiscal year, with estimates ranging from $2.62 billion to $2.70 billion. For the next fiscal year, analysts forecast that the company will post sales of $2.82 billion per share, with estimates ranging from $2.72 billion to $2.86 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Donaldson.

Donaldson (NYSE:DCI) last released its quarterly earnings results on Thursday, November 30th. The industrial products company reported $0.46 EPS 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 firm had revenue of $644.80 million during the quarter, compared to the consensus estimate of $602.02 million. During the same quarter in the prior year, the firm earned ($0.05) EPS. Donaldson’s revenue for the quarter was up 16.6% on a year-over-year basis.

Several research firms recently commented on DCI. Zacks Investment Research downgraded shares of Donaldson from a “buy” rating to a “hold” rating in a research report on Monday, February 5th. Stifel Nicolaus reiterated a “hold” rating and issued a $53.00 price target (up previously from $50.00) on shares of Donaldson in a research report on Tuesday, January 16th. Oppenheimer reiterated a “hold” rating on shares of Donaldson in a research report on Monday, December 18th. SunTrust Banks reiterated a “hold” rating and issued a $50.00 price target on shares of Donaldson in a research report on Friday, December 1st. Finally, Jefferies Group reiterated a “buy” rating and issued a $57.00 price target on shares of Donaldson in a research report on Friday, December 1st. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $52.60.

Shares of Donaldson (NYSE:DCI) opened at $46.90 on Tuesday. Donaldson has a 12-month low of $41.71 and a 12-month high of $52.20. The company has a market cap of $6,090.00, a price-to-earnings ratio of 26.50, a P/E/G ratio of 2.09 and a beta of 1.10. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.90 and a quick ratio of 2.13.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 6th. Shareholders of record on Wednesday, February 14th will be given a dividend of $0.18 per share. The ex-dividend date is Tuesday, February 13th. This represents a $0.72 dividend on an annualized basis and a yield of 1.54%. Donaldson’s payout ratio is currently 40.68%.

In other Donaldson news, insider Melissa A. Osland sold 1,453 shares of the company’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $48.26, for a total transaction of $70,121.78. Following the completion of the transaction, the insider now owns 4,174 shares in the company, valued at approximately $201,437.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.09% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the business. 1st Global Advisors Inc. raised its position in Donaldson by 0.6% during the 2nd quarter. 1st Global Advisors Inc. now owns 8,256 shares of the industrial products company’s stock worth $376,000 after buying an additional 48 shares during the last quarter. Citigroup Inc. raised its position in Donaldson by 3.9% during the 2nd quarter. Citigroup Inc. now owns 8,088 shares of the industrial products company’s stock worth $368,000 after buying an additional 305 shares during the last quarter. Advisory Services Network LLC raised its position in Donaldson by 6.9% during the 2nd quarter. Advisory Services Network LLC now owns 6,906 shares of the industrial products company’s stock worth $314,000 after buying an additional 443 shares during the last quarter. Cubist Systematic Strategies LLC raised its position in Donaldson by 7.5% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 8,524 shares of the industrial products company’s stock worth $388,000 after buying an additional 598 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC raised its position in Donaldson by 0.6% during the 3rd quarter. Dorsey & Whitney Trust CO LLC now owns 168,300 shares of the industrial products company’s stock worth $7,732,000 after buying an additional 1,086 shares during the last quarter. Institutional investors own 77.23% of the company’s stock.

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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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