Donaldson Company, Inc. (NYSE:DCI) manufacturer of filtration systems, is expected to report fourth quarter earnings results, before market open, on Thursday 3rd September 2020.
Analysts polled by Thomson Reuters anticipate fourth quarter income of $ 0.44 per share.
Looking ahead, the full year income are expected at $ 1.94 per share on the revenues of $ 2575.31 million.
The Company Outlook
Revenue for 4Q20 are expected in a range of $ 617.87 million ~ $ 617.87 million
Full Year 2020 topline are forecasted in a range of$ 2,646.00 million ~ $ 2,760.00 million, where as bottomline are predicted in a range of $ 2.05 ~ $ 2.21 per share
Click Here For More Historical Outlooks Of Donaldson Company, Inc.
Previous Quarter Performance
Donaldson Company, Inc. revealed income for the third quarter of $ 0.50 per share, from the revenue of $ 629.70 million. The quarterly earnings shrunk 13.79 percent compared with the same quarter last year. Street analysts expected Donaldson Company, Inc. to report income of $ 0.46 per share on revenue of $ 644.02 million for the third quarter. The bottom line results beat street analysts by $ 0.04 or 8.70 percent, at the same time, top line results fell short of analysts by $ 14.32 million or 2.22 percent.
Stock Performance
Shares of Donaldson Company, Inc. traded up $ 0.25 or 0.49 percent on Wednesday, reaching $ 51.13 with volume of 185.10 thousand shares. The stock opened positive for the day at $ 51.00, after closing the previous day trading at $ 50.88.
According to the previous trading day, closing price of $ 50.88, representing a 63.71 % increase from the 52 week low of $ 31.08 and a 12.76 % decrease over the 52 week high of $ 58.32.
The company has a market capital of $ 6.45 billion and is part of the Industrials sector and Diversified Industrials industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.21 per share on July 31, 2020. The dividend were payable on August 31, 2020 to holders of record as of the close of business on August 17, 2020 and ex-dividend date on August 14, 2020.
On May 29, 2020, the board of directors authorized quarterly dividend of $ 0.21 per share to holders of record as of the close of business on June 15, 2020, with payment date of June 30, 2020 and ex-dividend date on June 12, 2020.
Conference Call
Donaldson Company, Inc. will be hosting a conference call at 10:00 AM eastern time on 3rd September 2020, to discuss its 4Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.donaldson.com
Donaldson Company, Inc. manufactures and sells filtration systems and replacement parts worldwide. It operates through Engine Products and Industrial Products segments.
