Dover (NYSE:DOV) Issues FY 2025 Earnings Guidance

Dover (NYSE:DOV) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share guidance of 9.300-9.500 for the period, compared to the consensus earnings per share 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.

Dover Stock Up 5.4 %

Shares of DOV stock traded up $10.69 on Thursday, hitting $208.05. The stock had a trading volume of 470,687 shares, compared to its average volume of 776,979. Dover has a one year low of $148.45 and a one year high of $214.57. 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 company has a market cap of $28.54 billion, a PE ratio of 18.65, a P/E/G ratio of 2.04 and a beta of 1.23. The business has a 50 day moving average price of $195.54 and a 200 day moving average price of $190.11.

Dover (NYSE:DOV) last released its quarterly earnings results on Thursday, January 30th. The industrial products company reported $2.20 EPS for the quarter, hitting the consensus estimate of $2.20. Dover had a return on equity of 23.61% and a net margin of 18.63%. Research analysts anticipate that Dover will post 8.17 earnings per share for the current fiscal year.

Dover Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were paid a dividend of $0.515 per share. The ex-dividend date was Friday, November 29th. This represents a $2.06 annualized dividend and a yield of 0.99%. Dover’s dividend payout ratio (DPR) is 18.43%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. UBS Group began coverage on shares of Dover in a research note on Wednesday, November 13th. They set a “neutral” rating and a $217.00 price target on the stock. Mizuho raised their price objective on shares of Dover from $200.00 to $220.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Oppenheimer restated an “outperform” rating and issued a $215.00 price target (up previously from $210.00) on shares of Dover in a research note on Wednesday, October 16th. Wolfe Research raised shares of Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 target price for the company in a research note on Monday, October 28th. Finally, The Goldman Sachs Group raised their price objective on Dover from $202.00 to $223.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $212.55.

About Dover

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.