Douglas Dynamics (NYSE:PLOW) Posts Earnings Results, Meets Expectations

Douglas Dynamics (NYSE:PLOW) released its quarterly earnings results on Monday. The auto parts company reported $0.92 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.92, Zacks reports. Douglas Dynamics had a return on equity of 19.03% and a net margin of 7.52%.

Douglas Dynamics Price Performance

Shares of Douglas Dynamics stock traded up $0.32 during trading on Monday, reaching $39.81. 136,105 shares of the company’s stock were exchanged, compared to its average volume of 232,941. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.03 and a current ratio of 2.16. Douglas Dynamics has a 1-year low of $28.52 and a 1-year high of $55.00. The company has a market cap of $918.81 million, a P/E ratio of 18.10, a PEG ratio of 0.86 and a beta of 1.14. The firm’s 50-day moving average price is $40.24 and its 200 day moving average price is $42.96.

Douglas Dynamics Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were issued a dividend of $0.2950 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.0%. Douglas Dynamics’s payout ratio is 53.64%.

Analyst Ratings Changes

A number of brokerages have issued reports on PLOW. Zacks Research upgraded shares of Douglas Dynamics from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 2nd. DA Davidson set a $57.00 price objective on shares of Douglas Dynamics in a research note on Tuesday, August 4th. Weiss Ratings raised shares of Douglas Dynamics from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 13th. Robert W. Baird decreased their target price on shares of Douglas Dynamics from $56.00 to $50.00 and set a “neutral” rating on the stock in a report on Tuesday, August 4th. Finally, Wall Street Zen cut shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Douglas Dynamics currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.67.

About Douglas Dynamics

Douglas Dynamics, Inc is a manufacturer of equipment used for snow and ice management. The company’s products are designed for commercial, municipal and residential applications and include snowplows, spreaders, de-icing equipment and related attachments for light-, medium- and heavy-duty trucks.

Its portfolio includes products marketed under brands such as WESTERN, FISHER, BLIZZARD, SnowEx and Henderson. The company offers vehicle-mounted snow and ice control equipment, salt and material spreaders, liquid de-icing systems, truck bodies and other solutions intended to help contractors, municipalities and commercial operators clear roads, parking areas and other paved surfaces.

Founded in 1946, Douglas Dynamics is headquartered in Milwaukee, Wisconsin, and primarily serves customers in North America through equipment dealers, distributors and other commercial channels.