Dover (DOV) Scheduled to Post Quarterly Earnings on Thursday

Dover (NYSE:DOV) will be issuing its quarterly earnings data before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $1.91 per share for the quarter. Dover has set its FY 2024 guidance at 8.950-9.150 EPS and its FY24 guidance at $8.95-$9.15 EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Dover (NYSE:DOV) last issued its earnings results on Thursday, February 1st. The industrial products company reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.44 by $0.01. The firm had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.16 billion. Dover had a net margin of 12.52% and a return on equity of 25.95%. The company’s revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.16 earnings per share. On average, analysts expect Dover to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Dover Stock Performance

Shares of DOV stock opened at $170.28 on Tuesday. The company has a current ratio of 1.40, a quick ratio of 0.90 and a debt-to-equity ratio of 0.59. The firm has a fifty day moving average price of $170.59 and a 200 day moving average price of $153.48. The company has a market cap of $23.39 billion, a P/E ratio of 22.64, a PEG ratio of 1.76 and a beta of 1.27. Dover has a 12 month low of $127.25 and a 12 month high of $178.28.

Dover Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were given a $0.51 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $2.04 dividend on an annualized basis and a yield of 1.20%. Dover’s dividend payout ratio (DPR) is presently 27.13%.

Wall Street Analysts Forecast Growth

DOV has been the subject of a number of research reports. Robert W. Baird boosted their price target on shares of Dover from $175.00 to $185.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. Barclays upped their target price on shares of Dover from $163.00 to $180.00 and gave the company an “equal weight” rating in a report on Tuesday, April 2nd. StockNews.com cut shares of Dover from a “buy” rating to a “hold” rating in a report on Friday, March 22nd. Seaport Res Ptn raised shares of Dover from a “neutral” rating to a “buy” rating in a report on Monday, February 5th. Finally, Royal Bank of Canada upped their target price on shares of Dover from $146.00 to $153.00 and gave the company a “sector perform” rating in a report on Friday, February 2nd. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $175.13.

Insider Activity

In other news, Director Stephen M. Todd sold 1,500 shares of the stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $171.19, for a total value of $256,785.00. Following the sale, the director now directly owns 22,955 shares in the company, valued at $3,929,666.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Stephen M. Todd sold 1,500 shares of the stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $171.19, for a total value of $256,785.00. Following the sale, the director now directly owns 22,955 shares in the company, valued at $3,929,666.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brad M. Cerepak sold 18,410 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $163.01, for a total transaction of $3,001,014.10. Following the completion of the sale, the chief financial officer now owns 23,909 shares in the company, valued at $3,897,406.09. The disclosure for this sale can be found here. Insiders have sold 25,910 shares of company stock worth $4,318,059 over the last ninety days. 1.30% of the stock is currently owned by insiders.

About Dover

Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide. The company's Engineered Products segment provides various equipment, component, software, solution, and services that are used in vehicle aftermarket, waste handling, industrial automation, aerospace and defense, industrial winch and hoist, and fluid dispensing end-market.