Donaldson (NYSE:DCI) Issues Earnings Results, Misses Expectations By $0.02 EPS

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Donaldson (NYSE:DCI) issued its quarterly earnings results on Tuesday. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.02), Briefing.com reports. The firm had revenue of $672.70 million for the quarter, compared to the consensus estimate of $699.34 million. Donaldson had a net margin of 9.39% and a return on equity of 32.29%. The company’s revenue was down 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.56 earnings per share. Donaldson updated its FY 2020
Pre-Market guidance to 2.21-2.37 EPS and its FY20 guidance to $2.21-2.37 EPS.

Shares of NYSE:DCI traded down $1.26 during midday trading on Tuesday, reaching $53.91. 1,738,800 shares of the company’s stock were exchanged, compared to its average volume of 427,091. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.64 and a current ratio of 2.32. The company’s 50 day simple moving average is $54.22 and its two-hundred day simple moving average is $50.65. Donaldson has a 12 month low of $40.27 and a 12 month high of $56.68. The firm has a market capitalization of $7.08 billion, a PE ratio of 24.39, a price-to-earnings-growth ratio of 2.27 and a beta of 1.45.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Tuesday, December 10th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend is Monday, December 9th. Donaldson’s dividend payout ratio is 38.01%.

DCI has been the topic of several recent research reports. Stifel Nicolaus set a $50.00 price objective on Donaldson and gave the stock a “hold” rating in a report on Friday, September 6th. ValuEngine upgraded Donaldson from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $52.25.

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 for Donaldson (NYSE:DCI)

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