Dover (NYSE:DOV) Announces FY 2026 Earnings Guidance

Key Points

• Dover issued FY 2026 guidance for EPS of $10.60–$10.75 and revenue of approximately $8.7 billion, broadly in line with analyst estimates.
• The company’s latest quarter exceeded expectations, with EPS of $2.88 and revenue of $2.23 billion; revenue increased 7.5% year over year.
• Dover raised its quarterly dividend to $0.525 per share, or $2.10 annualized, while analysts maintain a “Moderate Buy” consensus with an average price target of $237.40.

Dover (NYSE:DOV - Get Free Report) updated its FY 2026 earnings guidance on Friday. The company provided earnings per share guidance of 10.600-10.750 for the period, compared to the consensus EPS estimate of 10.650. The company issued revenue guidance of $8.7 billion, compared to the consensus revenue estimate of $8.7 billion.

Dover Trading Up 0.4%

NYSE DOV traded up $0.77 during trading on Friday, hitting $196.26. The stock had a trading volume of 231,427 shares, compared to its average volume of 1,150,902. The company has a market capitalization of $26.43 billion, a PE ratio of 23.63, a PEG ratio of 1.75 and a beta of 1.13. The firm has a 50 day moving average price of $193.54 and a 200 day moving average price of $207.61. Dover has a twelve month low of $176.40 and a twelve month high of $237.54. The company has a quick ratio of 1.41, a current ratio of 1.98 and a debt-to-equity ratio of 0.33.

Dover (NYSE:DOV - Get Free Report) last released its quarterly earnings data on Thursday, October 22nd. The industrial products company reported $2.88 EPS for the quarter, beating analysts' consensus estimates of $2.85 by $0.03. Dover had a return on equity of 18.32% and a net margin of 13.48%. The business had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter in the prior year, the business posted $2.62 EPS. The business's revenue for the quarter was up 7.5% on a year-over-year basis. As a group, equities research analysts forecast that Dover will post 10.65 earnings per share for the current year.

Dover Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Monday, August 31st were issued a dividend of $0.5250 per share. This is an increase from Dover's previous quarterly dividend of $0.52. This represents a $2.10 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Monday, August 31st. Dover's payout ratio is presently 25.30%.

Analysts Set New Price Targets

Several research firms have weighed in on DOV. Wall Street Zen downgraded Dover from a "buy" rating to a "hold" rating in a research report on Saturday, July 25th. Weiss Ratings downgraded Dover from a "buy (b)" rating to a "buy (b-)" rating in a research note on Wednesday, September 2nd. BMO Capital Markets upgraded Dover from a "market perform" rating to an "outperform" rating and dropped their price target for the stock from $255.00 to $240.00 in a research report on Friday, July 24th. Mizuho lowered their price target on Dover from $270.00 to $245.00 and set an "outperform" rating on the stock in a report on Thursday, October 15th. Finally, Royal Bank Of Canada restated a "sector perform" rating on shares of Dover in a report on Friday. Eleven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, Dover has a consensus rating of "Moderate Buy" and a consensus target price of $237.40.

About Dover

Dover Corporation NYSE: DOV is a diversified manufacturer that develops and produces specialized equipment, components and engineered systems for industrial and commercial customers. Its businesses serve markets including fluid handling, equipment manufacturing, clean energy, fueling, refrigeration, heating and cooling, printing, and vehicle service.

The company's products include pumps, compressors, controls, dispensing and fueling equipment, refrigeration systems, heat-transfer technologies, industrial machinery, vehicle lifts and service equipment, and components used in engineered industrial applications.

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