Dover (DOV) Expected to Announce Earnings on Thursday

Dover (NYSE:DOV) is expected to be announcing its earnings results before the market opens on Thursday, January 30th. Analysts expect the company to announce earnings of $2.20 per share and revenue of $1.95 billion for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Dover Stock Up 1.0 %

Shares of NYSE DOV opened at $197.89 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.57 and a debt-to-equity ratio of 0.53. The firm has a 50-day moving average price of $195.56 and a 200 day moving average price of $190.06. Dover has a 52 week low of $148.45 and a 52 week high of $208.26. The stock has a market capitalization of $27.15 billion, a price-to-earnings ratio of 17.70, a price-to-earnings-growth ratio of 2.04 and a beta of 1.23.

Dover Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend was Friday, November 29th. Dover’s dividend payout ratio (DPR) is 18.43%.

Analyst Upgrades and Downgrades

A number of analysts have commented on DOV shares. Wolfe Research upgraded Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 target price on the stock in a research report on Monday, October 28th. The Goldman Sachs Group increased their price objective on shares of Dover from $202.00 to $223.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Wells Fargo & Company cut their target price on shares of Dover from $205.00 to $200.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. StockNews.com lowered shares of Dover from a “buy” rating to a “hold” rating in a research report on Wednesday, January 15th. Finally, UBS Group initiated coverage on Dover in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $217.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $212.55.

About Dover

Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide. The company's Engineered Products segment provides various equipment, component, software, solution, and services that are used in vehicle aftermarket, waste handling, industrial automation, aerospace and defense, industrial winch and hoist, and fluid dispensing end-market.