Donaldson Company Reports Second Quarter 2019 Earnings

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Donaldson Company (DCI) PT Lowered to $49 at Baird

March 7, 2019 8:20 AM EST

Baird analyst Richard Eastman lowered the price target on Donaldson Company (NYSE: DCI) to $49.00 (from $52.00) while maintaining a Neutral rating following results.

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Donaldson (DCI) Misses Q2 EPS by 4c, Revenues Miss; Lowers EPS Mid-Point Guidance Below Consensus

March 6, 2019 7:04 AM EST

Donaldson (NYSE: DCI) reported Q2 EPS of $0.47, $0.04 worse than the analyst estimate of $0.51. Revenue for the quarter came in at $703.7 million versus the consensus estimate of $718.45 million.

We delivered second quarter sales and earnings records, with benefits from execution of our strategic priorities and expense leverage more than offsetting the impacts from volatility within the quarter related to market conditions and currency, said Tod Carpenter, chairman, president and chief... More