Dover (NYSE:DOV) issued its quarterly earnings data on Thursday. The industrial products company reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.01, RTT News reports. Dover had a return on equity of 29.67% and a net margin of 8.50%. The firm had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter last year, the firm earned $1.30 EPS. Dover’s quarterly revenue was up 4.6% on a year-over-year basis. Dover updated its FY 2019 guidance to $5.75-5.85 EPS and its FY19 guidance to $5.75-5.85 EPS.
NYSE:DOV opened at $98.12 on Friday. The company has a current ratio of 1.30, a quick ratio of 0.87 and a debt-to-equity ratio of 1.04. The business’s 50 day moving average price is $97.73. Dover has a 52 week low of $65.83 and a 52 week high of $103.47. The company has a market cap of $14.26 billion, a P/E ratio of 17.55, a PEG ratio of 1.47 and a beta of 1.49.
A number of equities research analysts have weighed in on DOV shares. Robert W. Baird started coverage on Rocket Pharmaceuticals in a research note on Monday, April 22nd. They set an “outperform” rating for the company. Deutsche Bank raised their price objective on Keysight Technologies from $100.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. Citigroup set a $113.00 price objective on Dover and gave the company a “buy” rating in a research note on Monday, April 22nd. ValuEngine upgraded VESTAS WIND SYS/ADR from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th. Finally, Zacks Investment Research downgraded GenMark Diagnostics from a “hold” rating to a “sell” rating in a report on Wednesday, April 24th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $97.94.
Dover Corporation provides equipment and components, specialty systems, consumable supplies, software and digital solutions, and support services worldwide. The company operates through three segments: Engineered Systems, Fluids, and Refrigeration & Food Equipment. The Engineered Systems segment offers precision marking and coding, digital textile printing, soldering and dispensing equipment, and related consumables and services; and automation components, including manual and power clamps, rotary and linear mechanical indexers, conveyors, pick and place units, glove ports, and manipulators, as well as end-of-arm robotic grippers, slides, and end effectors for fast-moving consumer goods, digital textile printing, vehicle service, environmental solutions, and industrials end markets.
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