Gardner Denver (NYSE:GDI) announced a quarterly dividend on Wednesday, February 27th. Stockholders of record on Thursday, March 14th will be paid a dividend of $0.05 per share on Thursday, March 28th. This represents a $0.20 annualized dividend and a dividend yield of 0.28%.
GDI has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Gardner Denver from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday. They now have a $77.00 price target on the stock. On the ratings front, analysts at Robert W. Baird raised their price target on shares of Gardner Denver from $80.00 to $85.00 in a research note to investors on Monday. Finally, analysts at RBC Capital raised their price target on shares of Gardner Denver from $80.00 to $84.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock.
Four research analysts have rated the stock with a buy rating, one has given an overweight rating, and three have issued a hold rating to the stock. The stock has a consensus rating of “overweight” and an average target price of $78.50.
Shares of Gardner Denver (GDI) traded up 1.61% during mid-day trading on Wednesday, hitting $70.87. Gardner Denver (GDI) has a 52 week low of $45.54 and a 52 week high of $76.57. The stock’s 50-day moving average is currently $69.56. The company has a market cap of $3.483 billion and a P/E ratio of 13.21.
Gardner Denver last announced its earnings results on Friday, February 22nd. The company reported $1.49 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.33 by $0.16. The company had revenue of $589.70 million for the quarter, compared to the consensus estimate of $558.08 million. During the same quarter in the prior year, the company posted $1.54 earnings per share. The company’s quarterly revenue was down 3.9% on a year-over-year basis. Gardner Denver has set its Q1 guidance at $0.94-1.04 EPS and its FY13 guidance at $5.00-5.25 EPS. On average, analysts predict that Gardner Denver (GDI) will post $5.30 earnings per share for the current fiscal year.
Gardner Denver, Inc. (Gardner Denver) designs, manufactures and markets engineered industrial machinery and related parts and services.
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