Donaldson (NYSE:DCI) Posts Quarterly Earnings Results, Beats Estimates By $0.12 EPS

Donaldson (NYSE:DCI) posted its quarterly earnings data on Tuesday. The industrial products company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.12, MarketWatch Earnings reports. The business had revenue of $629.70 million during the quarter, compared to analysts’ expectations of $606.01 million. Donaldson had a net margin of 9.47% and a return on equity of 30.72%. The business’s revenue was down 11.7% on a year-over-year basis. During the same period last year, the firm posted $0.58 earnings per share.

DCI stock traded up $1.08 on Tuesday, hitting $49.04. 661,458 shares of the company’s stock traded hands, compared to its average volume of 536,512. The company has a current ratio of 2.25, a quick ratio of 1.55 and a debt-to-equity ratio of 0.69. The stock has a market cap of $6.02 billion, a price-to-earnings ratio of 24.30, a P/E/G ratio of 3.50 and a beta of 1.40. Donaldson has a 1-year low of $31.08 and a 1-year high of $58.32. The stock has a fifty day moving average of $43.55 and a 200-day moving average of $49.04.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.71%. The ex-dividend date is Friday, June 12th. Donaldson’s dividend payout ratio is presently 38.01%.

Several research analysts have recently issued reports on DCI shares. Zacks Investment Research cut shares of Donaldson from a “hold” rating to a “sell” rating and set a $44.00 price objective for the company. in a report on Friday, May 15th. Robert W. Baird cut their target price on shares of Donaldson from $49.00 to $47.00 and set a “neutral” rating for the company in a research note on Friday, March 6th. Jefferies Financial Group lowered shares of Donaldson from a “buy” rating to a “hold” rating and set a $40.00 target price for the company. in a research note on Monday, March 23rd. Finally, Stifel Nicolaus cut their target price on shares of Donaldson from $50.00 to $44.00 and set a “hold” rating for the company in a research note on Thursday, March 19th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $43.75.

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 for Donaldson (NYSE:DCI)

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