Donaldson (NYSE:DCI) Issues FY 2020 Pre-Market Earnings Guidance

Donaldson (NYSE:DCI) updated its FY 2020
Pre-Market earnings guidance on Tuesday. The company provided earnings per share guidance of 2.21-2.37 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.26. The company issued revenue guidance of $2.788-2.959 billion, compared to the consensus revenue estimate of $2.85 billion.

Shares of Donaldson stock opened at $55.17 on Tuesday. Donaldson has a one year low of $40.27 and a one year high of $57.31. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.32 and a quick ratio of 1.64. The stock’s 50-day moving average is $54.22 and its 200 day moving average is $50.65. The firm has a market cap of $7.08 billion, a price-to-earnings ratio of 24.96, a PEG ratio of 2.27 and a beta of 1.45.

Donaldson (NYSE:DCI) last issued its earnings results on Thursday, September 5th. The industrial products company reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.01. The business had revenue of $726.90 million during the quarter, compared to the consensus estimate of $725.32 million. Donaldson had a return on equity of 32.29% and a net margin of 9.39%. The firm’s revenue for the quarter was up .3% on a year-over-year basis. During the same period in the previous year, the company posted $0.58 earnings per share. On average, sell-side analysts expect that Donaldson will post 2.28 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Tuesday, December 10th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.84 annualized dividend and a dividend yield of 1.52%. Donaldson’s dividend payout ratio is currently 38.01%.

A number of research analysts recently issued reports on DCI shares. Stifel Nicolaus set a $50.00 target price on shares of Donaldson and gave the company a hold rating in a research report on Friday, September 6th. ValuEngine raised shares of Donaldson from a hold rating to a buy rating in a research note on Friday, November 1st. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $52.25.

About Donaldson

Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. It operates through Engine Products and Industrial Products segments. The Engine Products segment offers replacement filters for air and liquid filtration applications, air filtration systems, liquid filtration systems for fuel, lube and hydraulic applications, and exhaust and emissions systems.

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Earnings History and Estimates for Donaldson (NYSE:DCI)

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