DoverNYSE: DOV

DOWNERS GROVE, Ill., Oct. 30, 2024 /PRNewswire/ -- KPS, which is part of OPW Retail Fueling and Dover (NYSE: DOV), has introduced a new 3" (110/90mm) conductive High Density Polyethylene (HDPE) double wall piping system.

On October 28, 2024, MURGY, DOV, and EBC were included in the Zacks Rank #5 (Strong Sell) List.

The company's shares took a hit due to a mixed performance this quarter and lowered annual forecasts.

Dover Corporation (NYSE:DOV) will hold its Q3 2024 Earnings Conference Call on October 24, 2024, at 9:30 AM ET. The call will feature company representatives including Richard Tobin, the President and CEO, and Brad Cerepak, the Senior Vice President and CFO. Various analysts from different research firms will also participate in the call.

DOV has reduced its forecast for adjusted earnings per share (EPS) in 2024 to a range of $8.08 to $8.18, down from the previous estimate of $9.05 to $9.20. This change is made to exclude the effects of the ESG business unit.

Dover Corporation (DOV) reported quarterly earnings of $2.27 per share, which is higher than the Zacks Consensus Estimate of $2.16 per share. However, this is a decrease compared to last year's earnings of $2.35 per share.

The financial results for Dover (DOV) provide an overview of its performance for the quarter ending in September 2024. It may be helpful to compare some important metrics with Wall Street predictions and figures from the same period last year.

Rotary, a division of Vehicle Service Group (VSG) and Dover, has kicked off its 100th anniversary by introducing a new brand called "Rotary Solutions." On October 22, 2024, they unveiled several new products, including the Rotary® R1250 Automatic Leverless Pro Tire Changer and the Rotary® ARO16 Four-Post Lift. Other new offerings include the Rotary® SLW210-AV WIDE SMARTLIFT® Inground Lift and the Chief® Phoenix Pulling Rack with Rolling Jacks.

DOV's results for the third quarter are expected to show positive effects from strong order patterns in different areas and the impact of recent purchases, although these may be somewhat balanced out by increased expenses.