may delivered a positive earnings surprise Dover (NYSE:DOV)

Earnings results for Dover (NYSE:DOV)

Dover Corporation is estimated to report earnings on 10/19/2021. The upcoming earnings date is derived from an algorithm based on a company’s historical reporting dates. Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. According to Zacks Investment Research, based on 7 analysts’ forecasts, the consensus EPS forecast for the quarter is $1.8900000000000001. The reported EPS for the same quarter last year was $1.6.

Dover last issued its quarterly earnings data on July 19th, 2021. The industrial products company reported $2.06 EPS for the quarter, topping the consensus estimate of $1.84 by $0.22. The firm earned $2.03 billion during the quarter, compared to analyst estimates of $1.91 billion. Its revenue for the quarter was up 35.5% on a year-over-year basis. Dover has generated $5.67 earnings per share over the last year ($6.06 diluted earnings per share) and currently has a price-to-earnings ratio of 26.0. Earnings for Dover are expected to grow by 7.98% in the coming year, from $7.52 to $8.12 per share. Dover has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Tuesday, October 19th, 2021 based off prior year’s report dates.

Analyst Opinion on Dover (NYSE:DOV)

According to the issued ratings of 10 analysts in the last year, the consensus rating for Dover stock is Hold based on the current 2 sell ratings, 4 hold ratings and 4 buy ratings for DOV. The average twelve-month price target for Dover is $165.50 with a high price target of $185.00 and a low price target of $135.00.

on DOV’s analyst rating history

Dover has received a consensus rating of Hold. The company’s average rating score is 2.20, and is based on 4 buy ratings, 4 hold ratings, and 2 sell ratings. According to analysts’ consensus price target of $165.50, Dover has a forecasted upside of 4.9% from its current price of $157.84. Dover has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: Dover (NYSE:DOV)

Dover pays a meaningful dividend of 1.25%, higher than the bottom 25% of all stocks that pay dividends. Dover has been increasing its dividend for 59 years. The dividend payout ratio of Dover is 35.27%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Dover will have a dividend payout ratio of 24.63% next year. This indicates that Dover will be able to sustain or increase its dividend.

Insiders buying/selling: Dover (NYSE:DOV)

In the past three months, Dover insiders have not sold or bought any company stock. Only 0.97% of the stock of Dover is held by insiders. 84.00% of the stock of Dover is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Dover (NYSE:DOV

Earnings for Dover are expected to grow by 7.98% in the coming year, from $7.52 to $8.12 per share. The P/E ratio of Dover is 26.05, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.68. The P/E ratio of Dover is 26.05, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 33.05. Dover has a PEG Ratio of 2.01. PEG Ratios above 1 indicate that a company could be overvalued. Dover has a P/B Ratio of 6.72. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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