Donaldson Company, Inc. (NYSE:DCI) Expected to Post Earnings of $0.44 Per Share

Brokerages expect Donaldson Company, Inc. (NYSE:DCI) to post $0.44 earnings per share for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Donaldson’s earnings, with the lowest EPS estimate coming in at $0.42 and the highest estimate coming in at $0.45. Donaldson reported earnings per share of $0.61 in the same quarter last year, which would suggest a negative year-over-year growth rate of 27.9%. The firm is scheduled to announce its next quarterly earnings results on Thursday, September 3rd.

According to Zacks, analysts expect that Donaldson will report full year earnings of $1.92 per share for the current year, with EPS estimates ranging from $1.80 to $1.95. For the next year, analysts anticipate that the business will post earnings of $1.98 per share, with EPS estimates ranging from $1.89 to $2.05. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Donaldson.

Donaldson (NYSE:DCI) last announced its quarterly earnings results on Tuesday, June 2nd. The industrial products company reported $0.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.12. Donaldson had a net margin of 9.32% and a return on equity of 29.45%. The business had revenue of $629.70 million during the quarter, compared to analysts’ expectations of $606.01 million. During the same quarter in the prior year, the company posted $0.58 EPS. The firm’s revenue for the quarter was down 11.7% compared to the same quarter last year.

DCI has been the subject of a number of analyst reports. Zacks Investment Research lowered shares of Donaldson from a “hold” rating to a “sell” rating and set a $44.00 price objective for the company. in a research note on Friday, May 15th. Stifel Nicolaus raised their price target on shares of Donaldson from $44.00 to $49.00 and gave the company a “hold” rating in a report on Wednesday, June 3rd. Robert W. Baird dropped their price target on shares of Donaldson from $49.00 to $47.00 and set a “neutral” rating on the stock in a report on Friday, March 6th. Oppenheimer began coverage on shares of Donaldson in a report on Tuesday, June 2nd. They set a “hold” rating on the stock. Finally, Morgan Stanley began coverage on shares of Donaldson in a report on Friday. They set an “overweight” rating and a $60.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $48.00.

In related news, Director Willard D. Oberton sold 14,400 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $50.24, for a total value of $723,456.00. Also, VP Amy C. Becker sold 2,627 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $50.24, for a total transaction of $131,980.48. In the last three months, insiders sold 28,277 shares of company stock worth $1,420,636. 1.74% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of DCI. Russell Investments Group Ltd. raised its stake in Donaldson by 46.1% during the 4th quarter. Russell Investments Group Ltd. now owns 30,295 shares of the industrial products company’s stock worth $1,742,000 after acquiring an additional 9,564 shares during the period. Victory Capital Management Inc. raised its stake in Donaldson by 12.8% during the 4th quarter. Victory Capital Management Inc. now owns 140,893 shares of the industrial products company’s stock worth $7,305,000 after acquiring an additional 15,956 shares during the period. Sowell Financial Services LLC raised its stake in Donaldson by 353.0% during the 4th quarter. Sowell Financial Services LLC now owns 3,171 shares of the industrial products company’s stock worth $183,000 after acquiring an additional 2,471 shares during the period. PNC Financial Services Group Inc. raised its stake in Donaldson by 0.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 133,934 shares of the industrial products company’s stock worth $7,716,000 after acquiring an additional 349 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Donaldson by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 631,531 shares of the industrial products company’s stock worth $36,389,000 after acquiring an additional 8,804 shares during the period. 78.76% of the stock is currently owned by institutional investors.

Shares of Donaldson stock traded up $1.31 during trading on Friday, hitting $45.47. The company’s stock had a trading volume of 1,966,819 shares, compared to its average volume of 623,463. The company has a debt-to-equity ratio of 0.83, a quick ratio of 2.02 and a current ratio of 2.82. The company has a fifty day simple moving average of $46.00 and a two-hundred day simple moving average of $48.06. The company has a market capitalization of $5.60 billion, a PE ratio of 23.20, a P/E/G ratio of 2.43 and a beta of 1.40. Donaldson has a 52 week low of $31.08 and a 52 week high of $58.32.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend is Friday, June 12th. Donaldson’s payout ratio is 38.01%.

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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