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Company Update: Dover Corporation (NYSE:DOV) – Dover Announces Fourth Quarter 2015 Earnings Release Date, Conference Call and Webcast

[GlobeNewswire] – DOVER ANNOUNCES FOURTH QUARTER 2015 EARNINGS RELEASE DATE, CONFERENCE CALL AND WEBCAST Downers Grove, IL, January 11, 2016 – Dover (NYSE: DOV) announced today that it will release fourth quarter 2015 earnings … Read more on this. Dover Corporation (DOV) , valued at $8.81B, opened at $58.00. Looking at today’s trading action, the company’s one day range from $56.66 to $58.28 with a trailing 52-week range being $55.50 to $78.21. Priced at 15.98x this year’s forecasted earnings, DOV shares are relatively inexpensive compared to the industry’s 17.52x forward p/e ratio. And for dividend hunters, the company pays shareholders $1.68 per share annually in dividends, yielding 2.74%. According to a consensus of 18 analysts, the earnings estimate of $0.78 per share would be $0.23 worse than the year-ago quarter and a $0.20 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $3.62 is a $0.92 worse when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $1.67 Billion. If reported, that would be a 15.66% decrease over the year-ago quarter. In terms of ratings, Sun Trust Rbsn Humphrey Initiated DOV at Buy (Nov 3, 2015). Previously, JP Morgan upgraded DOV from Underweight to Neutral. When considering if the stock is under or overvalued, the average price target is $64.00, which is 10.34% above where the stock opened this morning. See more in (NYSE:DOV) Similar Articles: Company Update: Dover Corporation (NYSE:DOV) – Dover Completes Acquisition of Gala Industries Company Update: Dover Corporation (NYSE:DOV) – Dover Reports Third Quarter 2015 Results, Updates 2015 Guidance, And Announces Two Acquisitions Stock Update: Dover Corporation (NYSE:DOV) – Dover Reports Second Quarter 2015 Results
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