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Market Update (NYSE:DOV): Dover Announces First Quarter 2016 Earnings Release Date, Conference Call and Webcast

[GlobeNewswire] – DOVER ANNOUNCES FIRST QUARTER 2016 EARNINGS RELEASE DATE, CONFERENCE CALL AND WEBCAST Downers Grove, IL, April 11, 2016 – Dover (NYSE: DOV) announced today that it will release first quarter 2016 earnings … Read more on this. Dover Corporation (DOV) , with a current value of $9.89B, opened this morning at $63.17. Shares have traded today between $63.11 and $64.30 per share with a trailing 52-week range being $50.91 to $78.21. DOV shares are currently priced at 17.52x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 13.98x forward p/e ratio. And for income investors, the company pays shareholders $1.68 per share annually in dividends, yielding 2.67%. According to a consensus of 19 analysts, the earnings estimate of $0.60 per share would be $0.12 worse than the year-ago quarter and a $0.15 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $3.58 would be a $0.05 setback when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $1.59 Billion. If realized, that would be a 7.56% decrease over the year-ago quarter. In terms of ratings, Sun Trust Rbsn Humphrey downgraded DOV from Buy to Neutral (Mar 21, 2016). Previously, Bernstein downgraded DOV from Outperform to Mkt Perform. The average price target for DOV shares by the analysts covering it is $62.06, which is 1.76% below where the stock opened. See more in (NYSE:DOV) Similar Articles: Market Update: Dover Corporation (NYSE:DOV) – Dover Reports Fourth Quarter And Full Year 2015 Results And Reaffirms 2016 EPS Guidance Company Update: Dover Corporation (NYSE:DOV) – Dover Announces Fourth Quarter 2015 Earnings Release Date, Conference Call and Webcast Company Update: Dover Corporation (NYSE:DOV) – Dover Reports Third Quarter 2015 Results, Updates 2015 Guidance, And Announces Two Acquisitions
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