Zacks: Brokerages Anticipate Donaldson Company, Inc. (DCI) Will Post Earnings of $0.54 Per Share

Wall Street brokerages predict that Donaldson Company, Inc. (NYSE:DCI) will announce $0.54 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Donaldson’s earnings, with the lowest EPS estimate coming in at $0.51 and the highest estimate coming in at $0.61. Donaldson posted earnings per share of $0.45 during the same quarter last year, which suggests a positive year-over-year growth rate of 20%. The company is scheduled to report its next quarterly earnings report on Thursday, June 7th.

On average, analysts expect that Donaldson will report full year earnings of $1.98 per share for the current financial year, with EPS estimates ranging from $1.94 to $2.01. For the next year, analysts expect that the business will report earnings of $2.24 per share, with EPS estimates ranging from $2.15 to $2.34. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that cover Donaldson.

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Donaldson (NYSE:DCI) last announced its quarterly earnings data on Tuesday, March 6th. The industrial products company reported $0.43 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.01). The business had revenue of $664.70 million during the quarter, compared to the consensus estimate of $630.53 million. Donaldson had a net margin of 5.29% and a return on equity of 29.25%. The business’s revenue was up 20.7% compared to the same quarter last year. During the same period last year, the company earned $0.35 EPS.

DCI has been the topic of several research analyst reports. Zacks Investment Research raised Donaldson from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a research report on Monday, November 27th. Jefferies Group reaffirmed a “buy” rating and issued a $57.00 price objective on shares of Donaldson in a research report on Friday, December 1st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $53.00 price objective (up previously from $50.00) on shares of Donaldson in a research report on Tuesday, January 16th. Gabelli raised Donaldson from a “neutral” rating to a “buy” rating in a research report on Wednesday, March 7th. They noted that the move was a valuation call. Finally, Oppenheimer reissued a “hold” rating on shares of Donaldson in a research report on Friday, December 1st. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $51.00.

Shares of Donaldson (NYSE DCI) traded up $0.42 during trading on Friday, reaching $45.66. The company’s stock had a trading volume of 32,273 shares, compared to its average volume of 513,536. The company has a market cap of $5,879.62, a P/E ratio of 44.35, a PEG ratio of 2.06 and a beta of 1.12. The company has a quick ratio of 2.15, a current ratio of 2.94 and a debt-to-equity ratio of 0.81. Donaldson has a 12 month low of $42.59 and a 12 month high of $52.20.

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 6th. Stockholders of record on Wednesday, February 14th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend was Tuesday, February 13th. Donaldson’s payout ratio is 70.59%.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Xact Kapitalforvaltning AB bought a new position in shares of Donaldson during the 4th quarter worth $511,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new position in shares of Donaldson during the 4th quarter worth $2,036,000. Sterling Capital Management LLC grew its position in shares of Donaldson by 13.5% during the 4th quarter. Sterling Capital Management LLC now owns 10,100 shares of the industrial products company’s stock worth $494,000 after buying an additional 1,200 shares in the last quarter. Segall Bryant & Hamill LLC bought a new position in shares of Donaldson during the 4th quarter worth $246,000. Finally, MetLife Investment Advisors LLC bought a new position in shares of Donaldson during the 4th quarter worth $4,023,000. 79.14% of the stock is currently owned by institutional investors and hedge funds.

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Donaldson Company Profile

Donaldson Company, Inc is a manufacturer of filtration systems and replacement parts. The Company’s segments include Engine Products, Industrial Products and Corporate. The Company’s products are manufactured at approximately 44 plants around the world and through three joint ventures. The Company offers its products under the Ultra-Web, PowerCore and Donaldson brands.

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Earnings History and Estimates for Donaldson (NYSE:DCI)

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