Douglas Dynamics (NYSE:PLOW) Announces Earnings Results

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

Douglas Dynamics Stock Performance

PLOW traded up $0.32 on Monday, hitting $39.81. The company’s stock had a trading volume of 136,105 shares, compared to its average volume of 232,941. Douglas Dynamics has a 12 month low of $28.52 and a 12 month high of $55.00. The firm has a market cap of $918.81 million, a P/E ratio of 18.10, a price-to-earnings-growth ratio of 0.86 and a beta of 1.14. The company has a quick ratio of 1.03, a current ratio of 2.16 and a debt-to-equity ratio of 0.44. The company’s 50 day simple moving average is $40.24 and its 200-day simple moving average is $42.96.

Douglas Dynamics Announces Dividend

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

Analysts Set New Price Targets

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

Douglas Dynamics Company Profile

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.