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

Equities research analysts expect that Donaldson Company, Inc. (NYSE:DCI) will announce $614.91 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Donaldson’s earnings, with the highest sales estimate coming in at $624.69 million and the lowest estimate coming in at $602.40 million. Donaldson reported sales of $726.90 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 15.4%. The business is expected to report its next quarterly earnings results on Thursday, September 3rd.

On average, 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 company will post sales of $2.60 billion, with estimates ranging from $2.53 billion to $2.70 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that cover Donaldson.

Donaldson (NYSE:DCI) last announced its quarterly earnings results on Tuesday, June 2nd. The industrial products company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.12. The firm had revenue of $629.70 million during the quarter, compared to analysts’ expectations 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 quarter last year, the company posted $0.58 earnings per share.

A number of analysts have commented on the stock. Jefferies Financial Group cut shares of Donaldson from a “buy” rating to a “hold” rating and set a $40.00 price target for the company. in a research note on Monday, March 23rd. Stifel Nicolaus increased their price objective on shares of Donaldson from $44.00 to $49.00 and gave the company a “hold” rating in a research report on Wednesday, June 3rd. Zacks Investment Research lowered shares of Donaldson from a “hold” rating to a “sell” rating and set a $44.00 price objective on the stock. in a research report on Friday, May 15th. Oppenheimer assumed coverage on shares of Donaldson in a research report on Tuesday, June 2nd. They issued a “hold” rating on the stock. Finally, Morgan Stanley assumed coverage on shares of Donaldson in a research report on Friday. They issued an “overweight” rating and a $60.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $48.00.

In related news, CEO Tod E. Carpenter sold 10,000 shares of the firm’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $50.24, for a total transaction of $502,400.00. Also, SVP Thomas R. Scalf sold 1,250 shares of the firm’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $50.24, for a total transaction of $62,800.00. Over the last ninety days, insiders have sold 28,277 shares of company stock worth $1,420,636. 1.74% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in Donaldson during the fourth quarter worth about $61,084,000. Anchor Capital Advisors LLC bought a new position in Donaldson in the 1st quarter valued at about $22,183,000. Pictet Asset Management Ltd. increased its holdings in Donaldson by 25.4% in the 4th quarter. Pictet Asset Management Ltd. now owns 2,106,889 shares of the industrial products company’s stock valued at $121,399,000 after buying an additional 426,465 shares during the period. Fiduciary Management Inc. WI increased its holdings in Donaldson by 29.8% in the 1st quarter. Fiduciary Management Inc. WI now owns 1,280,458 shares of the industrial products company’s stock valued at $49,464,000 after buying an additional 294,075 shares during the period. Finally, Morgan Stanley increased its holdings in Donaldson by 50.5% in the 1st quarter. Morgan Stanley now owns 400,231 shares of the industrial products company’s stock valued at $15,461,000 after buying an additional 134,345 shares during the period. 78.76% of the stock is currently owned by institutional investors and hedge funds.

DCI stock traded up $0.40 during trading hours on Monday, reaching $45.87. The stock had a trading volume of 542,545 shares, compared to its average volume of 567,499. The stock has a market capitalization of $5.76 billion, a PE ratio of 23.20, a price-to-earnings-growth ratio of 2.50 and a beta of 1.40. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.82 and a quick ratio of 2.02. The stock has a 50-day simple moving average of $46.00 and a 200 day simple moving average of $48.06. Donaldson has a fifty-two week low of $31.08 and a fifty-two week high of $58.32.

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 given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date is Friday, June 12th. Donaldson’s dividend payout ratio is 38.01%.

Donaldson Company Profile

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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