$2.02 Billion in Sales Expected for Dover Corporation (DOV) This Quarter

Wall Street analysts expect Dover Corporation (NYSE:DOV) to post $2.02 billion in sales for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for Dover Corporation’s earnings, with the highest sales estimate coming in at $2.08 billion and the lowest estimate coming in at $1.94 billion. Dover Corporation posted sales of $1.78 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 13.5%. The firm is expected to announce its next earnings report on Thursday, January 25th.

On average, analysts expect that Dover Corporation will report full year sales of $2.02 billion for the current year, with estimates ranging from $7.73 billion to $7.75 billion. For the next financial year, analysts expect that the company will report sales of $8.21 billion per share, with estimates ranging from $8.07 billion to $8.36 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Dover Corporation.

Dover Corporation (NYSE:DOV) last posted its quarterly earnings data on Thursday, October 19th. The industrial products company reported $1.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.05. Dover Corporation had a return on equity of 14.40% and a net margin of 8.91%. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same period in the previous year, the business earned $0.83 EPS. Dover Corporation’s quarterly revenue was up 17.5% on a year-over-year basis.

Several research analysts have weighed in on DOV shares. Royal Bank Of Canada reiterated an “outperform” rating and issued a $90.00 price objective (up previously from $89.00) on shares of Dover Corporation in a research note on Thursday, July 6th. BidaskClub upgraded shares of Dover Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Stifel Nicolaus reiterated a “hold” rating and issued a $87.00 price objective on shares of Dover Corporation in a research note on Thursday, July 6th. Zacks Investment Research upgraded shares of Dover Corporation from a “hold” rating to a “buy” rating and set a $95.00 price objective on the stock in a research note on Tuesday, July 18th. Finally, Citigroup Inc. upped their price objective on shares of Dover Corporation from $88.00 to $90.00 and gave the company a “neutral” rating in a research note on Friday, July 21st. Eleven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Dover Corporation currently has an average rating of “Hold” and a consensus price target of $94.23.

In related news, Director Michael B. Stubbs sold 25,000 shares of the company’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $87.04, for a total transaction of $2,176,000.00. Following the completion of the sale, the director now directly owns 275,344 shares of the company’s stock, valued at approximately $23,965,941.76. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.50% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of DOV. IFP Advisors Inc boosted its holdings in shares of Dover Corporation by 15.1% during the 2nd quarter. IFP Advisors Inc now owns 1,728 shares of the industrial products company’s stock worth $139,000 after buying an additional 227 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of Dover Corporation by 5,446.9% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,775 shares of the industrial products company’s stock worth $143,000 after buying an additional 1,743 shares during the period. Penserra Capital Management LLC boosted its holdings in shares of Dover Corporation by 13.0% during the 2nd quarter. Penserra Capital Management LLC now owns 2,236 shares of the industrial products company’s stock worth $179,000 after buying an additional 258 shares during the period. First Mercantile Trust Co. boosted its holdings in shares of Dover Corporation by 10.1% during the 2nd quarter. First Mercantile Trust Co. now owns 2,327 shares of the industrial products company’s stock worth $187,000 after buying an additional 213 shares during the period. Finally, Chicago Partners Investment Group LLC bought a new stake in shares of Dover Corporation during the 2nd quarter worth $205,000. 86.01% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: “$2.02 Billion in Sales Expected for Dover Corporation (DOV) This Quarter” was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this story on another site, it was copied illegally and reposted in violation of U.S. & international trademark and copyright law. The original version of this story can be viewed at https://ledgergazette.com/2017/10/22/2-02-billion-in-sales-expected-for-dover-corporation-dov-this-quarter.html.

Shares of Dover Corporation (DOV) opened at 94.95 on Friday. The stock has a market capitalization of $14.79 billion, a price-to-earnings ratio of 23.74 and a beta of 1.27. Dover Corporation has a 1-year low of $65.50 and a 1-year high of $95.19. The firm’s 50-day moving average price is $91.26 and its 200 day moving average price is $84.48.

Dover Corporation Company Profile

Dover Corporation is a diversified global manufacturer delivering equipment and components, specialty systems, consumable supplies, software and digital solutions and support services. The Company’s segments include Energy, Engineered Systems, Fluids and Refrigeration & Food Equipment. The Company’s Energy segment is a provider of solutions and services for production and processing of fuels around the world.

Get a free copy of the Zacks research report on Dover Corporation (

On average, analysts expect that Dover Corporation will report full year sales of $2.02 billion for the current year, with estimates ranging from $7.73 billion to $7.75 billion. For the next financial year, analysts expect that the company will report sales of $8.21 billion per share, with estimates ranging from $8.07 billion to $8.36 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Dover Corporation.

Dover Corporation (NYSE:DOV) last posted its quarterly earnings data on Thursday, October 19th. The industrial products company reported $1.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.05. Dover Corporation had a return on equity of 14.40% and a net margin of 8.91%. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same period in the previous year, the business earned $0.83 EPS. Dover Corporation’s quarterly revenue was up 17.5% on a year-over-year basis.

Several research analysts have weighed in on DOV shares. Royal Bank Of Canada reiterated an “outperform” rating and issued a $90.00 price objective (up previously from $89.00) on shares of Dover Corporation in a research note on Thursday, July 6th. BidaskClub upgraded shares of Dover Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Stifel Nicolaus reiterated a “hold” rating and issued a $87.00 price objective on shares of Dover Corporation in a research note on Thursday, July 6th. Zacks Investment Research upgraded shares of Dover Corporation from a “hold” rating to a “buy” rating and set a $95.00 price objective on the stock in a research note on Tuesday, July 18th. Finally, Citigroup Inc. upped their price objective on shares of Dover Corporation from $88.00 to $90.00 and gave the company a “neutral” rating in a research note on Friday, July 21st. Eleven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Dover Corporation currently has an average rating of “Hold” and a consensus price target of $94.23.

In related news, Director Michael B. Stubbs sold 25,000 shares of the company’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $87.04, for a total transaction of $2,176,000.00. Following the completion of the sale, the director now directly owns 275,344 shares of the company’s stock, valued at approximately $23,965,941.76. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.50% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of DOV. IFP Advisors Inc boosted its holdings in shares of Dover Corporation by 15.1% during the 2nd quarter. IFP Advisors Inc now owns 1,728 shares of the industrial products company’s stock worth $139,000 after buying an additional 227 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of Dover Corporation by 5,446.9% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,775 shares of the industrial products company’s stock worth $143,000 after buying an additional 1,743 shares during the period. Penserra Capital Management LLC boosted its holdings in shares of Dover Corporation by 13.0% during the 2nd quarter. Penserra Capital Management LLC now owns 2,236 shares of the industrial products company’s stock worth $179,000 after buying an additional 258 shares during the period. First Mercantile Trust Co. boosted its holdings in shares of Dover Corporation by 10.1% during the 2nd quarter. First Mercantile Trust Co. now owns 2,327 shares of the industrial products company’s stock worth $187,000 after buying an additional 213 shares during the period. Finally, Chicago Partners Investment Group LLC bought a new stake in shares of Dover Corporation during the 2nd quarter worth $205,000. 86.01% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: “$2.02 Billion in Sales Expected for Dover Corporation (DOV) This Quarter” was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this story on another site, it was copied illegally and reposted in violation of U.S. & international trademark and copyright law. The original version of this story can be viewed at https://ledgergazette.com/2017/10/22/2-02-billion-in-sales-expected-for-dover-corporation-dov-this-quarter.html.

Shares of Dover Corporation (DOV) opened at 94.95 on Friday. The stock has a market capitalization of $14.79 billion, a price-to-earnings ratio of 23.74 and a beta of 1.27. Dover Corporation has a 1-year low of $65.50 and a 1-year high of $95.19. The firm’s 50-day moving average price is $91.26 and its 200 day moving average price is $84.48.

Dover Corporation Company Profile

Dover Corporation is a diversified global manufacturer delivering equipment and components, specialty systems, consumable supplies, software and digital solutions and support services. The Company’s segments include Energy, Engineered Systems, Fluids and Refrigeration & Food Equipment. The Company’s Energy segment is a provider of solutions and services for production and processing of fuels around the world.

Get a free copy of the Zacks research report on Dover Corporation (DOV)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Dover Corporation (NYSE:DOV)

Receive News & Ratings for Dover Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dover Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply