$614.91 Million in Sales Expected for Donaldson Company, Inc. (NYSE:DCI) This Quarter

Brokerages predict that Donaldson Company, Inc. (NYSE:DCI) will post $614.91 million in sales for the current quarter, Zacks reports. Four analysts have issued estimates for Donaldson’s earnings. The lowest sales estimate is $602.40 million and the highest is $624.69 million. Donaldson reported sales of $726.90 million in the same quarter last year, which indicates a negative year over year growth rate of 15.4%. The company is scheduled to report its next quarterly earnings report on Thursday, September 3rd.

According to Zacks, analysts expect that Donaldson will report full-year sales of $2.58 billion for the current financial year, with estimates ranging from $2.56 billion to $2.59 billion. For the next financial year, analysts forecast that the firm will report sales of $2.60 billion, with estimates ranging from $2.53 billion to $2.70 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Donaldson.

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

A number of equities analysts have commented on the stock. Oppenheimer assumed coverage on shares of Donaldson in a research report on Tuesday, June 2nd. They issued a “hold” rating on the stock. Jefferies Financial Group downgraded 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. Zacks Investment Research downgraded shares of Donaldson from a “hold” rating to a “sell” rating and set a $44.00 target price for the company. in a research note on Friday, May 15th. Robert W. Baird dropped 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. Finally, Morgan Stanley assumed coverage on shares of Donaldson in a research note on Friday. They issued an “overweight” rating and a $60.00 target price for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. Donaldson currently has an average rating of “Hold” and a consensus price target of $48.00.

In other Donaldson news, Director Willard D. Oberton sold 14,400 shares of the company’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, CEO Tod E. Carpenter sold 10,000 shares of the company’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 transaction of $502,400.00. Over the last three months, insiders have sold 28,277 shares of company stock valued at $1,420,636. 1.74% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the business. Jefferies Group LLC acquired a new position in Donaldson during the fourth quarter worth $432,000. First Trust Advisors LP boosted its holdings in Donaldson by 163.4% during the first quarter. First Trust Advisors LP now owns 90,348 shares of the industrial products company’s stock worth $3,490,000 after purchasing an additional 56,041 shares during the last quarter. Citigroup Inc. boosted its holdings in Donaldson by 26.6% during the first quarter. Citigroup Inc. now owns 27,171 shares of the industrial products company’s stock worth $1,049,000 after purchasing an additional 5,710 shares during the last quarter. Trexquant Investment LP acquired a new position in Donaldson during the first quarter worth $1,199,000. Finally, Sowell Financial Services LLC boosted its holdings in Donaldson by 23.3% during the first quarter. Sowell Financial Services LLC now owns 3,910 shares of the industrial products company’s stock worth $151,000 after purchasing an additional 739 shares during the last quarter. 78.76% of the stock is owned by hedge funds and other institutional investors.

NYSE:DCI traded up $0.40 on Monday, reaching $45.87. The stock had a trading volume of 542,545 shares, compared to its average volume of 567,499. The company has a market capitalization of $5.76 billion, a P/E ratio of 23.20, a price-to-earnings-growth ratio of 2.50 and a beta of 1.40. Donaldson has a 1-year low of $31.08 and a 1-year high of $58.32. The company has a quick ratio of 2.02, a current ratio of 2.82 and a debt-to-equity ratio of 0.83. The stock has a fifty day moving average price of $46.00 and a 200-day moving average price of $48.06.

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend is Friday, June 12th. Donaldson’s dividend payout ratio (DPR) 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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