Dover Corp (DOV) Releases Earnings Results, Beats Expectations By $0.05 EPS

Dover Corp (DOV) announced its most recent quarterly financial results on Wednesday, Oct-19-2016. DOV said it had a profit of $0.87 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.82. The company posted revenue of $1707.80 million in the period, compared to analysts expectations of $1705.82 million. DOV’s revenue was down -4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.14 EPS.

Many Wall Street Analysts have commented on Dover Corp. Dover Corp was Initiated by Susquehanna to “Neutral” on Oct 7, 2016.

Dover Corp opened for trading at $67 and hit $68.105 on the upside on Friday, eventually ending the session at $67.78, with a gain of 1.71% or 1.14 points. The heightened volatility saw the trading volume jump to 17,51,992 shares. Company has a market cap of $10,521 M.

In a different news, on Aug 10, 2016, C. Anderson Fincher (Vice President) sold 1,420 shares at $73.42 per share price. According to the SEC, on Aug 5, 2016, Paul Goldberg (Vice President) sold 1,800 shares at $72.13 per share price. On Aug 3, 2016, Robert Livingston (CEO and President) sold 25,927 shares at $69.24 per share price, according to the Form-4 filing with the securities and exchange commission.

Dover Corporation (Dover) is engaged in the manufacturing of equipment components and specialty systems. The Company also provides supporting engineering testing and other services. The Company operates through four business segments: Energy Engineered Systems Fluids and Refrigeration & Food Equipment. The Energy segment serves the Drilling & Production Bearings & Compression and Automation end markets and provides solutions and services for production and processing of oil natural gas liquids and gas around the world. The Engineered Systems segment manages its products and services through two business platforms Printing & Identification and Industrials. The Fluids segment is focused on the handling of critical fluids across the retail fueling chemical hygienic and industrial markets. The Refrigeration & Food Equipment segment provides equipment and systems serving the commercial refrigeration and food service industries.

Dover Corp

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