Dover (DOV) Expected to Announce Quarterly Earnings on Thursday

Dover (NYSE:DOV) is projected to release its Q1 2025 earnings data before the market opens on Thursday, April 24th. Analysts expect the company to announce earnings of $2.01 per share and revenue of $1.88 billion for the quarter. Dover has set its FY 2025 guidance at 9.300-9.500 EPS.

Dover (NYSE:DOV) last announced its earnings results on Thursday, January 30th. The industrial products company reported $2.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.20. Dover had a return on equity of 21.03% and a net margin of 32.95%. On average, analysts expect Dover to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Dover Price Performance

Shares of DOV stock opened at $158.04 on Tuesday. The company has a market cap of $21.66 billion, a P/E ratio of 8.13, a PEG ratio of 2.06 and a beta of 1.24. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 1.52. The stock’s 50-day moving average is $179.79 and its 200 day moving average is $190.26. Dover has a 1-year low of $143.04 and a 1-year high of $222.31.

Dover Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.515 per share. The ex-dividend date was Friday, February 28th. This represents a $2.06 annualized dividend and a dividend yield of 1.30%. Dover’s dividend payout ratio (DPR) is presently 10.59%.

Institutional Trading of Dover

An institutional investor recently raised its position in Dover stock. Brighton Jones LLC lifted its holdings in Dover Co. (NYSE:DOV) by 62.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,944 shares of the industrial products company’s stock after purchasing an additional 1,128 shares during the period. Brighton Jones LLC’s holdings in Dover were worth $552,000 as of its most recent filing with the Securities & Exchange Commission. 84.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on DOV shares. Oppenheimer reiterated an “outperform” rating and set a $225.00 price objective (up previously from $220.00) on shares of Dover in a report on Friday, January 31st. UBS Group dropped their price target on Dover from $217.00 to $211.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. StockNews.com cut shares of Dover from a “buy” rating to a “hold” rating in a research note on Wednesday, March 26th. Citigroup decreased their price target on shares of Dover from $244.00 to $201.00 and set a “buy” rating for the company in a report on Monday, April 14th. Finally, Wells Fargo & Company raised their target price on Dover from $200.00 to $215.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $208.17.

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.