Equities research analysts expect Douglas Dynamics Inc (NYSE:PLOW) to report $0.50 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have made estimates for Douglas Dynamics’ earnings. The lowest EPS estimate is $0.44 and the highest is $0.58. Douglas Dynamics posted earnings per share of $0.44 during the same quarter last year, which would suggest a positive year over year growth rate of 13.6%. The company is expected to issue its next earnings results on Monday, March 5th.
According to Zacks, analysts expect that Douglas Dynamics will report full-year earnings of $1.41 per share for the current year, with EPS estimates ranging from $1.34 to $1.50. For the next year, analysts forecast that the company will report earnings of $1.72 per share, with EPS estimates ranging from $1.62 to $1.77. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Douglas Dynamics.
Douglas Dynamics (NYSE:PLOW) last released its quarterly earnings data on Monday, November 6th. The auto parts company reported $0.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.05). The business had revenue of $125.30 million during the quarter, compared to analysts’ expectations of $133.53 million. Douglas Dynamics had a return on equity of 13.98% and a net margin of 6.59%. The firm’s revenue was up 1.4% compared to the same quarter last year. During the same period last year, the company earned $0.32 earnings per share.
A number of equities analysts have commented on the stock. Zacks Investment Research upgraded shares of Douglas Dynamics from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. ValuEngine downgraded shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, BidaskClub downgraded shares of Douglas Dynamics from a “strong-buy” rating to a “buy” rating in a report on Friday, November 10th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $38.00.
Shares of Douglas Dynamics (NYSE PLOW) traded down $0.45 during trading on Wednesday, reaching $41.30. 12,503 shares of the company’s stock were exchanged, compared to its average volume of 82,075. The company has a market capitalization of $948.82, a P/E ratio of 30.82, a PEG ratio of 1.63 and a beta of 1.12. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.97 and a quick ratio of 1.76. Douglas Dynamics has a fifty-two week low of $28.55 and a fifty-two week high of $43.00.
In related news, CEO James L. Janik sold 21,080 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $37.27, for a total value of $785,651.60. Following the sale, the chief executive officer now owns 297,790 shares in the company, valued at $11,098,633.30. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Robert L. Mccormick sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $40.08, for a total value of $601,200.00. Following the completion of the sale, the vice president now owns 116,263 shares in the company, valued at approximately $4,659,821.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 76,673 shares of company stock worth $2,910,522. Corporate insiders own 3.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of PLOW. Conestoga Capital Advisors LLC purchased a new stake in Douglas Dynamics in the third quarter valued at approximately $22,356,000. Westwood Holdings Group Inc. boosted its position in Douglas Dynamics by 336.5% in the second quarter. Westwood Holdings Group Inc. now owns 630,684 shares of the auto parts company’s stock valued at $20,749,000 after buying an additional 486,195 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Douglas Dynamics by 6.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,389,370 shares of the auto parts company’s stock valued at $45,710,000 after buying an additional 82,348 shares during the last quarter. Ameriprise Financial Inc. purchased a new stake in Douglas Dynamics in the third quarter valued at approximately $2,339,000. Finally, FMR LLC boosted its position in Douglas Dynamics by 49.6% in the second quarter. FMR LLC now owns 150,976 shares of the auto parts company’s stock valued at $4,967,000 after buying an additional 50,044 shares during the last quarter. Hedge funds and other institutional investors own 90.82% of the company’s stock.
Douglas Dynamics Company Profile
Douglas Dynamics, Inc is a manufacturer and up-fitter of commercial vehicle attachments and equipment. The Company’s portfolio includes snow and ice management attachments sold under the BLIZZARD, FISHER, HENDERSON, SNOWEX and WESTERN brands, turf care equipment under the TURFEX brand and industrial maintenance equipment under the SWEEPEX brand.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Douglas Dynamics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Douglas Dynamics and related companies with MarketBeat.com's FREE daily email newsletter.