Douglas Dynamics (NYSE:PLOW) Announces Quarterly Earnings Results


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Douglas Dynamics (NYSE:PLOW) announced its quarterly earnings results on Sunday. The auto parts company reported $0.04 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.18) by $0.22, MarketWatch Earnings reports. Douglas Dynamics had a positive return on equity of 9.82% and a negative net margin of 19.32%. The firm had revenue of $103.34 million for the quarter, compared to analyst estimates of $77.10 million. During the same period last year, the firm posted ($0.34) earnings per share. The business’s revenue for the quarter was up 51.6% on a year-over-year basis.

Shares of NYSE PLOW traded down $0.18 during midday trading on Tuesday, reaching $44.76. The stock had a trading volume of 68,869 shares, compared to its average volume of 78,609. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of -10.96 and a beta of 0.87. Douglas Dynamics has a twelve month low of $25.63 and a twelve month high of $51.44. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.84 and a current ratio of 3.19. The company’s 50 day moving average price is $46.74 and its 200 day moving average price is $43.32.

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 31st. Shareholders of record on Friday, March 19th were given a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend was Thursday, March 18th. This is an increase from Douglas Dynamics’s previous quarterly dividend of $0.28. Douglas Dynamics’s dividend payout ratio is currently 49.35%.

PLOW has been the topic of several recent research reports. TheStreet downgraded shares of Douglas Dynamics from a “b-” rating to a “c+” rating in a research report on Monday, April 5th. Robert W. Baird upgraded shares of Douglas Dynamics from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $38.00 to $52.00 in a report on Wednesday, February 3rd. Zacks Investment Research upgraded Douglas Dynamics from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 28th. Finally, Craig Hallum raised their target price on Douglas Dynamics from $38.00 to $45.00 and gave the stock a “hold” rating in a research report on Wednesday, February 24th.

In other news, CEO Robert L. Mccormick sold 8,414 shares of the stock in a transaction on Wednesday, March 10th. The shares were sold at an average price of $49.29, for a total transaction of $414,726.06. Following the completion of the sale, the chief executive officer now directly owns 22,071 shares in the company, valued at $1,087,879.59. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 2.30% of the company’s stock.

Douglas Dynamics Company Profile

Douglas Dynamics, Inc operates as a manufacturer and upfitter of commercial work truck attachments and equipment in North America. It operates through two segments, Work Truck Attachments and Work Truck Solutions. The Work Truck Attachments segment manufactures and sells snow and ice control attachments, including snowplows, and sand and salt spreaders for light trucks and heavy duty trucks, as well as various related parts and accessories.

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Earnings History for Douglas Dynamics (NYSE:PLOW)

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