Market Overview

Gabelli & Company Reiterates Hold Rating on Donaldson Company

Share:
Related DCI
Earnings Scheduled For March 1, 2016
Donaldson Posts Upbeat Q1 Earnings, But Lowers FY16 Forecast

In a report published Friday, Gabelli & Company reiterated its Hold rating on Donaldson Company (NYSE: DCI).

Gabelli noted, “DCI reported 1Q FY'13 adjusted EPS of $0.36 vs. $0.45 on sales of $589 million vs. $608 million, down 3%. DCI noted weakening end-market conditions in a number of different verticals in September and October, leading to lower sales and ultimately, less fixed-cost absorption that contributed to a 230 basis point contraction in operating margin to 12.5%. Higher taxes also led to a $0.02 EPS headwind.”

Donaldson Company closed on Wednesday at $33.37.

Latest Ratings for DCI

DateFirmActionFromTo
Mar 2016Avondale PartnersMaintainsMarket Perform
Nov 2015SunTrust Robinson HumphreyInitiates Coverage onNeutral
May 2015JefferiesMaintainsHold

View More Analyst Ratings for DCI
View the Latest Analyst Ratings

Posted-In: Gabelli & CompanyAnalyst Color Reiteration Analyst Ratings

 

Related Articles (DCI)

View Comments and Join the Discussion!