Dover Corporation (NYSE:DOV) manufacturer of diversified equipment and components, is expected to report third quarter earnings results, before market open, on Tuesday 20th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 1.32 per share.
Looking ahead, the full year income are expected at $ 5.24 per share on the revenues of $ 6500.99 million.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 7,279.00 million ~ $ 7,350.00 million, where as bottomline are predicted in a range of $ 5.00 ~ $ 5.25 per share
Click Here For More Historical Outlooks Of Dover Corporation
Previous Quarter Performance
Dover Corporation announced income for the second quarter of $ 0.86 per share, from the revenue of $ 1,499.00 million, On adjusted basis, DOV reported income for the quarter of $ 1.13 per share. The quarterly earnings shrunk 36.30 percent while revenues declined 17.23 percent compared with the same quarter last year. According to street consensus, DOV was expected to report 2Q20 income of $ 0.93 per share from revenue of $ 1467.30 million. The bottom line results beat street analysts by $ 0.2 or 21.51 percent, at the same time, top line results outshined analysts by $ 31.70 million or 2.16 percent.
Stock Performance
Shares of Dover Corporation traded low $ -1.30 or -1.14 percent on Monday, reaching $ 112.77 with volume of 686.30 thousand shares. Dover Corporation has traded high as $ 115.99 and has cracked $ 112.45 on the downward trend
According to the previous trading day, closing price of $ 112.77, representing a 81.21 % increase from the 52 week low of $ 62.95 and a 5.15 % decrease over the 52 week high of $ 120.26.
The company has a market capital of $ 16.24 billion and is part of the Industrials sector and Diversified Industrials industry.
Recent Analyst recommendations
- On 15th September 2020, maintained by Bank of America at Buy rating, with $ 126.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.495 per share on August 6, 2020. The dividend were payable on September 15, 2020 to holders of record as of the close of business on August 31, 2020 and ex-dividend date on August 28, 2020.
Conference Call
Dover Corporation will be hosting a conference call at 9:00 AM eastern time on 20th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.dovercorporation.com
Dover Corporation provides equipment and components, specialty systems, consumable supplies, software and digital solutions, and support services worldwide. The company operates through three segments: Engineered Systems, Fluids, and Refrigeration & Food Equipment. The Engineered Systems segment offers precision marking and coding, digital textile printing, soldering and dispensing equipment, and related consumables and services; and automation components, including manual and power clamps, rotary and linear mechanical indexers, conveyors, pick and place units, glove ports, and manipulators, as well as end-of-arm robotic grippers, slides, and end effectors for fast-moving consumer goods, digital textile printing, vehicle service, environmental solutions, and industrials end markets.
