Donaldson Beats On Q1 Earnings On Strong Volumes, Reaffirms FY25 Guidance
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 03 2024
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Source: Benzinga
Financial Performance: Donaldson Company reported a 6.4% year-over-year sales increase to $900.1 million for Q1 FY25, surpassing expectations, with notable growth in Mobile Solutions, Industrial Solutions, and Life Sciences segments. Adjusted EPS of 83 cents also exceeded consensus estimates.
Future Outlook: The company maintained its FY25 EPS forecast at $3.56 – $3.72 and projected sales growth between 2% and 6%, while planning to repurchase approximately 2% to 3% of its shares outstanding and expecting capital expenditures of $85 million to $105 million.
Analyst Views on HSMV
Wall Street analysts forecast HSMV stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for HSMV is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
