Zacks: Analysts Anticipate Donaldson Company, Inc. (NYSE:DCI) Will Announce Quarterly Sales of $695.79 Million

Equities research analysts expect Donaldson Company, Inc. (NYSE:DCI) to post sales of $695.79 million for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Donaldson’s earnings, with the lowest sales estimate coming in at $686.18 million and the highest estimate coming in at $704.80 million. Donaldson posted sales of $703.70 million during the same quarter last year, which would indicate a negative year over year growth rate of 1.1%. The business is scheduled to report its next earnings report on Wednesday, March 4th.

According to Zacks, analysts expect that Donaldson will report full year sales of $2.87 billion for the current year, with estimates ranging from $2.86 billion to $2.87 billion. For the next year, analysts expect that the business will post sales of $2.97 billion, with estimates ranging from $2.90 billion to $3.09 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Donaldson.

Donaldson (NYSE:DCI) last posted its quarterly earnings results on Tuesday, December 3rd. The industrial products company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.02). Donaldson had a net margin of 9.39% and a return on equity of 32.29%. The business had revenue of $672.70 million during the quarter, compared to the consensus estimate of $699.34 million. During the same quarter in the prior year, the firm posted $0.56 EPS. The company’s revenue for the quarter was down 4.1% compared to the same quarter last year.

Several research firms recently commented on DCI. Stifel Nicolaus set a $50.00 price objective on shares of Donaldson and gave the stock a “hold” rating in a research note on Friday, September 6th. ValuEngine upgraded shares of Donaldson from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $52.25.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quest Capital Management Inc. ADV bought a new position in shares of Donaldson during the 3rd quarter worth approximately $28,000. Nomura Asset Management Co. Ltd. acquired a new position in Donaldson during the 2nd quarter valued at approximately $36,000. Meeder Asset Management Inc. acquired a new position in Donaldson during the 2nd quarter valued at approximately $66,000. Dougherty Wealth Advisers LLC increased its stake in Donaldson by 193.4% during the 2nd quarter. Dougherty Wealth Advisers LLC now owns 1,517 shares of the industrial products company’s stock valued at $77,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Griffin Asset Management Inc. acquired a new position in Donaldson during the 2nd quarter valued at approximately $81,000. Hedge funds and other institutional investors own 80.31% of the company’s stock.

Shares of NYSE DCI traded down $0.28 during trading hours on Friday, hitting $53.63. 827,800 shares of the stock were exchanged, compared to its average volume of 428,804. The company has a quick ratio of 1.64, a current ratio of 2.32 and a debt-to-equity ratio of 0.65. The company has a market cap of $7.08 billion, a PE ratio of 24.27, a PEG ratio of 2.27 and a beta of 1.45. The firm has a fifty day moving average price of $54.27 and a 200-day moving average price of $50.67. Donaldson has a 12 month low of $40.27 and a 12 month high of $56.56.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Tuesday, December 10th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.84 annualized dividend and a dividend yield of 1.57%. Donaldson’s dividend payout ratio (DPR) is presently 38.01%.

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.

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Earnings History and Estimates for Donaldson (NYSE:DCI)

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