Equities research analysts expect Donaldson Company, Inc. (NYSE:DCI) to announce earnings of $0.57 per share for the current quarter, according to Zacks. Five analysts have provided estimates for Donaldson’s earnings. The lowest EPS estimate is $0.55 and the highest is $0.59. Donaldson reported earnings of $0.46 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 23.9%. The business is expected to issue its next quarterly earnings results on Thursday, November 29th.

On average, analysts expect that Donaldson will report full-year earnings of $2.37 per share for the current year, with EPS estimates ranging from $2.35 to $2.40. For the next year, analysts expect that the company will post earnings of $2.61 per share, with EPS estimates ranging from $2.50 to $2.71. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that follow Donaldson.

Donaldson (NYSE:DCI) last announced its quarterly earnings results on Thursday, September 6th. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.58. The business had revenue of $724.70 million during the quarter, compared to the consensus estimate of $727.79 million. Donaldson had a net margin of 6.59% and a return on equity of 31.09%. The business’s revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.51 EPS.

A number of equities analysts have recently issued reports on the stock. Stifel Nicolaus increased their price target on shares of Donaldson from $54.00 to $60.00 and gave the company a “hold” rating in a report on Friday, September 14th. Zacks Investment Research upgraded shares of Donaldson from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a report on Monday, September 10th. ValuEngine upgraded shares of Donaldson from a “hold” rating to a “buy” rating in a report on Friday, September 7th. Finally, Oppenheimer restated a “hold” rating on shares of Donaldson in a report on Thursday, September 6th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $56.75.

In other Donaldson news, Director Willard D. Oberton sold 14,400 shares of the firm’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 sale, the director now directly owns 30,451 shares of the company’s stock, valued at approximately $1,731,139.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Richard Brent Lewis sold 3,209 shares of the firm’s stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $58.99, for a total transaction of $189,298.91. Following the sale, the vice president now directly owns 4,000 shares in the company, valued at $235,960. The disclosure for this sale can be found here. Company insiders own 1.09% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Ledyard National Bank boosted its stake in shares of Donaldson by 39.0% during the 2nd quarter. Ledyard National Bank now owns 4,313 shares of the industrial products company’s stock worth $195,000 after purchasing an additional 1,210 shares during the last quarter. Natixis acquired a new stake in shares of Donaldson during the 2nd quarter worth about $200,000. CIBC Asset Management Inc acquired a new stake in shares of Donaldson during the 2nd quarter worth about $210,000. Wedbush Securities Inc. acquired a new stake in shares of Donaldson during the 2nd quarter worth about $212,000. Finally, Jane Street Group LLC acquired a new stake in shares of Donaldson during the 2nd quarter worth about $215,000. 80.17% of the stock is currently owned by institutional investors.

Shares of DCI opened at $52.64 on Wednesday. The company has a quick ratio of 1.69, a current ratio of 2.40 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $7.51 billion, a PE ratio of 26.32, a P/E/G ratio of 2.14 and a beta of 1.18. Donaldson has a 52-week low of $43.35 and a 52-week high of $59.43.

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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