Dover (DOV) to Release Earnings on Thursday

Dover (NYSE:DOV) will likely be posting its quarterly earnings results before the market opens on Thursday, January 30th. Analysts expect the company to announce earnings of $2.20 per share and revenue of $1.95 billion for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Dover Stock Up 1.0 %

DOV stock opened at $197.89 on Wednesday. The company has a current ratio of 1.57, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53. The firm has a 50 day simple moving average of $195.56 and a 200-day simple moving average of $190.06. The company has a market capitalization of $27.15 billion, a P/E ratio of 17.70, a PEG ratio of 2.04 and a beta of 1.23. Dover has a twelve month low of $148.45 and a twelve month high of $208.26.

Dover Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were given a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend was Friday, November 29th. Dover’s payout ratio is currently 18.43%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on DOV shares. Barclays lifted their price target on Dover from $190.00 to $205.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Mizuho boosted their price target on Dover from $200.00 to $220.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. UBS Group started coverage on Dover in a research note on Wednesday, November 13th. They set a “neutral” rating and a $217.00 price objective on the stock. The Goldman Sachs Group boosted their target price on shares of Dover from $202.00 to $223.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Finally, Wells Fargo & Company reduced their price target on shares of Dover from $205.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Dover currently has an average rating of “Moderate Buy” and an average target price of $212.55.

Dover Company Profile

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.