Donaldson Company (DCI) Releases Earnings Results, Beats Expectations By $0.04 EPS

Donaldson Company (DCI) reported quarterly earnings results on Thursday, Jun-2-2016. The company said it had a profit of $0.43 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.39. The company posted revenue of $571.30 million in the period, compared to analysts expectations of $550.81 million. The company’s revenue was down -.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS.

Donaldson Company closed down -0.23 points or -0.69% at $33.28 with 6,93,252 shares getting traded on Wednesday. Post opening the session at $33.23, the shares hit an intraday low of $32.92 and an intraday high of $33.305 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Investors should note that on May 25, 2016, Donaldson Company announced a cash dividend of $0.1750. The company’s management has announced Jun 8, 2016 as the ex-dividend date and fixed the record date on Jun 10, 2016. The payable date has been fixed on Jun 29, 2016.

In a different news, on Mar 24, 2016, Douglas A. Milroy (director) purchased 600 shares at $31.71 per share price. According to the SEC, on Mar 3, 2016, Mary Lynne Perushek (Vice President) sold 1,006 shares at $30.56 per share price. On Dec 15, 2015, Melissa A. Osland (Controller) sold 743 shares at $27.21 per share price, according to the Form-4 filing with the securities and exchange commission.

Donaldson Company Inc. is a provider and manufacturer of filtration systems and replacement parts. The Company serves customers in the industrial and engine markets including dust collection power generation specialty filtration compressed air purification off-road equipment industrial compressors heavy trucks and light vehicles. The Company’s products are manufactured at 39 plants around the world and through three joint ventures. The Company has two reporting segments: Engine Products and Industrial Products.

Donaldson Company

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