$699.60 Million in Sales Expected for Donaldson Company, Inc. (DCI) This Quarter

Analysts forecast that Donaldson Company, Inc. (NYSE:DCI) will report sales of $699.60 million for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Donaldson’s earnings. The lowest sales estimate is $696.00 million and the highest is $705.40 million. Donaldson reported sales of $644.80 million in the same quarter last year, which indicates a positive year over year growth rate of 8.5%. The company is scheduled to announce its next quarterly earnings report before the market opens on Tuesday, December 4th.

On average, analysts expect that Donaldson will report full-year sales of $2.94 billion for the current financial year, with estimates ranging from $2.93 billion to $2.96 billion. For the next fiscal year, analysts expect that the company will report sales of $3.10 billion, with estimates ranging from $3.03 billion to $3.15 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Donaldson.

Donaldson (NYSE:DCI) last announced its quarterly earnings results on Thursday, September 6th. The industrial products company reported $0.58 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.58. Donaldson had a net margin of 6.59% and a return on equity of 31.09%. The firm had revenue of $724.70 million during the quarter, compared to analysts’ expectations of $727.79 million. During the same period in the prior year, the company earned $0.51 EPS. The firm’s revenue was up 9.8% on a year-over-year basis.

DCI has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Donaldson from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research report on Monday, September 10th. ValuEngine raised shares of Donaldson from a “hold” rating to a “buy” rating in a research report on Friday, September 7th. Oppenheimer reissued a “hold” rating on shares of Donaldson in a research report on Sunday, October 14th. Finally, Stifel Nicolaus upped their price objective on shares of Donaldson from $54.00 to $60.00 and gave the company a “hold” rating in a research report on Friday, September 14th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $56.75.

Shares of Donaldson stock opened at $53.55 on Monday. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.40 and a quick ratio of 1.69. The firm has a market cap of $6.86 billion, a P/E ratio of 26.78, a price-to-earnings-growth ratio of 1.96 and a beta of 1.25. Donaldson has a twelve month low of $43.35 and a twelve month high of $59.43.

In other Donaldson news, VP Richard Brent Lewis sold 3,209 shares of the company’s stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $58.99, for a total value of $189,298.91. Following the completion of the transaction, the vice president now directly owns 4,000 shares of the company’s stock, valued at approximately $235,960. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Willard D. Oberton sold 14,400 shares of the company’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $56.85, for a total transaction of $818,640.00. Following the completion of the transaction, the director now directly owns 30,451 shares of the company’s stock, valued at $1,731,139.35. The disclosure for this sale can be found here. Corporate insiders own 1.35% of the company’s stock.

A number of large investors have recently bought and sold shares of DCI. Ledyard National Bank raised its stake in shares of Donaldson by 23.6% in the 3rd quarter. Ledyard National Bank now owns 5,333 shares of the industrial products company’s stock valued at $311,000 after purchasing an additional 1,020 shares in the last quarter. Arizona State Retirement System raised its stake in shares of Donaldson by 1.6% in the 3rd quarter. Arizona State Retirement System now owns 91,581 shares of the industrial products company’s stock valued at $5,336,000 after purchasing an additional 1,413 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Donaldson by 2.9% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 51,016 shares of the industrial products company’s stock valued at $2,302,000 after purchasing an additional 1,461 shares in the last quarter. LPL Financial LLC raised its stake in shares of Donaldson by 20.6% in the 1st quarter. LPL Financial LLC now owns 8,800 shares of the industrial products company’s stock valued at $396,000 after purchasing an additional 1,505 shares in the last quarter. Finally, Stephens Inc. AR raised its stake in shares of Donaldson by 2.2% in the 2nd quarter. Stephens Inc. AR now owns 71,361 shares of the industrial products company’s stock valued at $3,220,000 after purchasing an additional 1,526 shares in the last quarter. 80.77% of the stock is owned by institutional investors.

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.

Further Reading: Fundamental Analysis and Individual Investors

Get a free copy of the Zacks research report on Donaldson (DCI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Donaldson (NYSE:DCI)

Receive News & Ratings for Donaldson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Donaldson and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply