Dover (NYSE:DOV) Releases FY 2025 Earnings Guidance

Dover (NYSE:DOV - Get Free Report) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 9.300-9.500 for the period, compared to the consensus estimate of 9.310. The company issued revenue guidance of $7.9 billion-$8.1 billion, compared to the consensus revenue estimate of $8.1 billion.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Citigroup dropped their target price on shares of Dover from $236.00 to $222.00 and set a "buy" rating for the company in a research report on Monday, January 13th. Oppenheimer reissued an "outperform" rating and issued 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 target for the company in a research note on Monday, October 28th. JPMorgan Chase & Co. cut their price target on shares of Dover from $212.00 to $208.00 and set an "overweight" rating on the stock in a report on Wednesday, January 15th. Finally, The Goldman Sachs Group lifted 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. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $212.55.

Dover Stock Up 4.0 %

Shares of NYSE DOV traded up $7.91 during midday trading on Thursday, hitting $205.27. The stock had a trading volume of 1,870,897 shares, compared to its average volume of 855,155. The company has a market cap of $28.16 billion, a P/E ratio of 18.36, a PEG ratio of 2.04 and a beta of 1.23. The company has a quick ratio of 1.06, a current ratio of 1.57 and a debt-to-equity ratio of 0.53. The business's 50 day moving average is $195.54 and its 200-day moving average is $190.11. Dover has a 52 week low of $148.45 and a 52 week high of $214.57.

Dover (NYSE:DOV - Get Free Report) last issued its earnings results on Thursday, January 30th. The industrial products company reported $2.20 EPS for the quarter, meeting the consensus estimate of $2.20. Dover had a return on equity of 23.61% and a net margin of 18.63%. As a group, analysts predict that Dover will post 8.17 EPS for the current year.

Dover Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend was Friday, November 29th. Dover's payout ratio is presently 18.43%.

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.