NEW YORK (TheStreet) -- Dover Corp (DOV - Get Report) stock is climbing on Thursday after the company reported first-quarter earnings in line with analysts' estimates and revenue slightly above consensus.
Over the three months to March, the industrial manufacturer reported net income of $1.01 a share, in line with analysts' estimates according to Thomson Reuters. Revenue of $1.88 billion was slightly higher than forecasts of $1.87 billion.
By midafternoon, shares had added 3.3% to $85.95.
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TheStreet Ratings team rates DOVER CORP as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate DOVER CORP (DOV) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, compelling growth in net income, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow."
- You can view the full analysis from the report here: DOV Ratings Report