Dover delivers a rosy profit outlook. Here’s our new price target on the industrial stock with AI ties
From CNBC: 2025-01-30 14:07:15
Shares of Dover jumped on Thursday following a strong profitability outlook, despite mixed fourth-quarter results. Revenue rose 1.3% year over year to $1.93 billion, with adjusted EPS of $2.20 beating expectations. Dover’s stock traded up nearly 4% to $205 per share, setting a new intraday record. Management expects double-digit EPS growth in 2025. Dover’s engineered products segment saw 2% organic growth, while the clean energy and fueling segment realized 8% organic growth. Dover expects adjusted earnings of $9.30 to $9.50 per share for 2025, with margin expansion in all segments. The company anticipates 20% of its portfolio to grow double digits this year.
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