Dover (NYSE:DOV) Updates FY 2019 Earnings Guidance

Dover (NYSE:DOV) issued an update on its FY 2019 earnings guidance on Thursday morning. The company provided earnings per share guidance of $5.75-5.85 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.80. The company issued revenue guidance of $7.13196036-7.20188154 billion, compared to the consensus revenue estimate of $7.24 billion.Dover also updated its FY19 guidance to $5.75-5.85 EPS.

Dover stock opened at $98.12 on Friday. The business has a 50 day moving average of $97.73. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.87 and a current ratio of 1.30. The firm has a market capitalization of $14.13 billion, a price-to-earnings ratio of 19.74, a P/E/G ratio of 1.45 and a beta of 1.49. Dover has a one year low of $65.83 and a one year high of $103.47.

Dover (NYSE:DOV) last posted its quarterly earnings data on Thursday, July 18th. The industrial products company reported $1.56 EPS for the quarter, topping the Zacks’ consensus estimate of $1.55 by $0.01. The company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.86 billion. Dover had a return on equity of 29.67% and a net margin of 8.50%. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.30 earnings per share. As a group, analysts predict that Dover will post 5.82 EPS for the current year.

DOV has been the topic of a number of recent analyst reports. Citigroup set a $113.00 price objective on Dover and gave the stock a buy rating in a research note on Monday, April 22nd. Zacks Investment Research lowered GenMark Diagnostics from a hold rating to a sell rating in a research note on Wednesday, April 24th. Morgan Stanley lowered Silicon Motion Technology from an equal weight rating to an underweight rating in a research note on Monday, April 22nd. Deutsche Bank lifted their price objective on Keysight Technologies from $100.00 to $120.00 and gave the stock a buy rating in a research note on Monday, April 22nd. Finally, Barclays lifted their price objective on from $65.00 to $100.00 and gave the stock an overweight rating in a research note on Friday. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $96.45.

Dover Company Profile

Dover Corporation provides equipment and components, specialty systems, consumable supplies, software and digital solutions, and support services worldwide. The company operates through three segments: Engineered Systems, Fluids, and Refrigeration & Food Equipment. The Engineered Systems segment offers precision marking and coding, digital textile printing, soldering and dispensing equipment, and related consumables and services; and automation components, including manual and power clamps, rotary and linear mechanical indexers, conveyors, pick and place units, glove ports, and manipulators, as well as end-of-arm robotic grippers, slides, and end effectors for fast-moving consumer goods, digital textile printing, vehicle service, environmental solutions, and industrials end markets.

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Earnings History and Estimates for Dover (NYSE:DOV)

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