Donaldson's Bad News Makes the Stock Look Too High

| About: Donaldson Co (DCI)

Our filtration company, Donaldson (NYSE:DCI), released pretty bad earnings after the close. For their fiscal fourth quarter, Donaldson made 35 cents a share which was five cents better than estimates but still down from 60 cents a year ago. Sales dropped over 30%.

More bad news is that the company sees fiscal 2010 EPS ranging between $1.44 and $1.64 which is less than Wall Street was expecting. I’m afraid that the stock is too high right now.

About this article:

Tagged: , Pollution & Treatment Controls, Earnings
Problem with this article? Please tell us. Disagree with this article? .