Donaldson (DCI) Announces Earnings Results

Donaldson (NYSE:DCI) announced its quarterly earnings results on Thursday. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.01, Bloomberg Earnings reports. Donaldson had a return on equity of 29.25% and a net margin of 5.29%. The company had revenue of $700.00 million during the quarter, compared to the consensus estimate of $682.68 million. During the same period in the previous year, the company posted $0.45 earnings per share. Donaldson’s revenue for the quarter was up 15.1% on a year-over-year basis. Donaldson updated its FY18 guidance to $1.97-2.01 EPS.

Shares of Donaldson opened at $46.22 on Friday, MarketBeat reports. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.94 and a quick ratio of 2.15. The company has a market cap of $6.19 billion, a PE ratio of 27.35, a price-to-earnings-growth ratio of 2.09 and a beta of 1.15. Donaldson has a 1-year low of $42.59 and a 1-year high of $52.20.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 28th. Stockholders of record on Monday, June 11th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.64%. This is an increase from Donaldson’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Friday, June 8th. Donaldson’s dividend payout ratio is presently 42.60%.

A number of brokerages have issued reports on DCI. TheStreet raised Donaldson from a “c+” rating to a “b+” rating in a report on Thursday. Stifel Nicolaus decreased their price target on Donaldson from $51.00 to $46.00 and set a “hold” rating for the company in a report on Friday. Zacks Investment Research downgraded Donaldson from a “buy” rating to a “hold” rating in a report on Monday, February 5th. Finally, Gabelli raised Donaldson from a “neutral” rating to a “buy” rating in a report on Wednesday, March 7th. They noted that the move was a valuation call. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $50.60.

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.

Earnings History for Donaldson (NYSE:DCI)

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