Dover (DOV) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Dover Corporation's stock performance has closely mirrored the S&P 500, with a 47.5% increase since May 2023, justifying its 'hold' rating. Revenue growth has been encouraging, but mixed profits and cash flows along with increased valuation suggest the stock is fully valued. Recent results show varied performance across segments, with notable growth in Clean Energy & Fueling and declines in Climate & Sustainability Technologies.
Dover Corporation, despite its modest dividend yield, shows strong financial growth and operational efficiency, making it a potential buy in 2025. Dover's 69-year streak of dividend increases and conservative payout ratio indicate stability, though its low yield and growth rate may not attract income-focused investors. The stock is fairly valued with a forward P/E ratio below the industrial sector average; I rate it a hold, awaiting a potential pullback.
DOV expects adjusted EPS of $9.30-$9.50 for 2025 and year-over-year revenue growth of 2-4%.
Dover Corporation. (NYSE:DOV ) Q4 2024 Earnings Conference Call January 30, 2025 9:00 AM ET Company Participants Jack Dickens - Senior Director, IR Richard Tobin - President and CEO Brad Cerepak - SVP and CFO Conference Call Participants Steve Tusa - JPMorgan Nigel Coe - Wolfe Research Andy Kaplowitz - Citigroup Joe Richie - Goldman Sachs Brett Lindsey - Mizuho Michael Halloran - Baird Julian Mitchell - Barclays Andrew Obin - Bank of America Scott Davis - Melius Research Deane Dray - RBC Capital Markets Operator Good morning, and welcome to Dover's Fourth Quarter and Full Year 2024 Earnings Conference Call.
Although the revenue and EPS for Dover (DOV) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Dover Corporation (DOV) came out with quarterly earnings of $2.20 per share, beating the Zacks Consensus Estimate of $2.08 per share. This compares to earnings of $2.45 per share a year ago.
DOV's fourth-quarter results are likely to reflect the benefits of solid order trends across segments as well as the contribution of recent acquisitions, partially offset by higher costs.
Dover (DOV) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
DOV acquires Cryo-Mach to boost its position in the cryogenic end market.
Dover (DOV) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
DOV's unit SWEP undertakes new large-scale propane testing at its Research & Development Center in Landskrona, Sweden.