Dover (DOV) to Release Quarterly Earnings on Thursday

Dover (NYSE:DOV) is projected to announce its 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 $1,956,964.82 billion for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Dover Stock Down 1.5 %

DOV stock opened at $195.79 on Tuesday. The company’s 50 day simple moving average is $195.57 and its 200-day simple moving average is $189.96. Dover has a 52-week low of $148.45 and a 52-week high of $208.26. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.57 and a quick ratio of 1.06. The firm has a market capitalization of $26.86 billion, a P/E ratio of 17.51, a P/E/G ratio of 2.04 and a beta of 1.23.

Dover Dividend Announcement

The firm 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. The ex-dividend date was Friday, November 29th. This represents a $2.06 annualized dividend and a dividend yield of 1.05%. Dover’s dividend payout ratio (DPR) is presently 18.43%.

Analyst Ratings Changes

A number of equities research analysts have commented on DOV shares. Wells Fargo & Company decreased their price objective on Dover from $205.00 to $200.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. JPMorgan Chase & Co. dropped their price objective on shares of Dover from $212.00 to $208.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 15th. Oppenheimer reissued an “outperform” rating and set a $215.00 target price (up previously from $210.00) on shares of Dover in a research note on Wednesday, October 16th. Wolfe Research raised Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price objective for the company in a research report on Monday, October 28th. Finally, Barclays increased their price objective on Dover from $190.00 to $205.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.