BUZZ-Donaldson rises on higher-than-expected annual forecasts

Reuters
Aug 27
BUZZ-Donaldson rises on higher-than-expected annual forecasts

Aug 27 (Reuters) - ** Shares of filtration products maker Donaldson DCI.N rise 5.8% to $79.99 premarket

** Co forecasts FY 2026 EPS $4, above analysts' avg. estimate of $3.89 - data compiled by LSEG

** Projects annual sales of $3.8 bln vs estimates of $3.79 bln

** DCI expects "to expand gross margin while leveraging benefits from efficiency actions taken during fiscal 2025," says CEO Tod Carpenter

** DCI's fourth-quarter sales of $981 mln beats analyst estimates

** One of eight brokerages rate stock "strong buy", six "hold" and one "sell"; their median PT is $72.11 - LSEG data

** Up to last close, DCI up 12.3% YTD

(Reporting by Avinash P in Bengaluru)

((Avinash.P@thomsonreuters.com;))

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