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Downers Grove, Illinois-based Dover Corporation (DOV) is an industrial conglomerate that produces a wide range of specialized industrial products and manufacturing equipment. Valued at a market cap of $25.9 billion, the company provides innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services. It is scheduled to announce its fiscal Q2 earnings for 2025 on Thursday, Jul. 24.
Prior to this event, analysts project this industrial conglomerate to report a profit of $2.38 per share, up marginally from $2.36 per share in the year-ago quarter. The company has a solid trajectory of consistently beating Wall Street’s bottom-line estimates in each of the last four quarters. Its earnings of $2.05 per share in the previous quarter outpaced the consensus estimates by 3%.
For the full year, analysts expect DOV to report EPS of $9.34, up 12.7% from $8.29 in fiscal 2024. Furthermore, its EPS is expected to grow 9.6% year-over-year to $10.24 in fiscal 2026.
DOV has gained 6.6% over the past 52 weeks, underperforming both the S&P 500 Index's ($SPX) 13.4% uptick and the Industrial Select Sector SPDR Fund’s (XLI) 22.8% return over the same time frame.
On Apr. 24, shares of DOV closed up by 2% after its Q1 earnings release. The company’s overall revenue of $1.9 billion declined marginally year-over-year due to lower revenue from engineered products and climate & sustainability technologies segments. However, despite a decline in revenues, its total segment earnings margin grew by 230 basis points from the year-ago quarter and led to a 19.2% growth in its adjusted EPS from continuing operations to $2.05, which topped the consensus estimates by 3%. Positive impact from its high-margin, high-growth platforms, and proactive cost management and productivity actions supported its profitability.
Wall Street analysts are moderately optimistic about DOV’s stock, with a "Moderate Buy" rating overall. Among 15 analysts covering the stock, nine recommend "Strong Buy," and six advise “Hold.” The mean price target for DOV is $204.60, which indicates an 8.5% potential upside from the current levels.
