Donaldson (NYSE:DCI) Issues FY 2020 Pre-Market Earnings Guidance

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Donaldson (NYSE:DCI) updated its FY 2020
Pre-Market earnings guidance on Tuesday morning. The company provided EPS guidance of 2.21-2.37 for the period, compared to the Thomson Reuters consensus estimate of $2.26. The company issued revenue guidance of $2.788-2.959 billion, compared to the consensus revenue estimate of $2.85 billion.

DCI opened at $55.17 on Tuesday. Donaldson has a one year low of $40.27 and a one year high of $57.31. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.32 and a quick ratio of 1.64. The business has a 50 day simple moving average of $54.22 and a two-hundred day simple moving average of $50.65. The firm has a market capitalization of $7.08 billion, a price-to-earnings ratio of 24.96, a PEG ratio of 2.27 and a beta of 1.45.

Donaldson (NYSE:DCI) last issued its quarterly earnings data on Thursday, September 5th. The industrial products company reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.01. Donaldson had a return on equity of 32.29% and a net margin of 9.39%. The firm had revenue of $726.90 million for the quarter, compared to analyst estimates of $725.32 million. During the same period last year, the company earned $0.58 EPS. The business’s quarterly revenue was up .3% compared to the same quarter last year. As a group, sell-side analysts expect that Donaldson will post 2.28 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Tuesday, December 10th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend is Monday, December 9th. Donaldson’s dividend payout ratio (DPR) is currently 38.01%.

A number of research analysts have issued reports on DCI shares. ValuEngine raised shares of Donaldson from a hold rating to a buy rating in a research report on Friday, November 1st. Stifel Nicolaus set a $50.00 target price on shares of Donaldson and gave the stock a hold rating in a research report on Friday, September 6th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Donaldson presently has an average rating of Hold and an average target price 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 and Estimates for Donaldson (NYSE:DCI)

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