Douglas Dynamics (NYSE:PLOW) Releases Earnings Results, Beats Expectations By $0.22 EPS


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

Shares of PLOW traded down $0.18 during mid-day trading on Tuesday, hitting $44.76. 68,869 shares of the company’s stock were exchanged, compared to its average volume of 78,609. The company has a market cap of $1.02 billion, a PE ratio of -10.92 and a beta of 0.87. Douglas Dynamics has a 52 week low of $25.63 and a 52 week high of $51.44. The company has a 50-day simple moving average of $46.62 and a 200 day simple moving average of $43.37. The company has a debt-to-equity ratio of 1.42, a current ratio of 3.19 and a quick ratio of 1.84.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 31st. Stockholders of record on Friday, March 19th were paid a dividend of $0.285 per share. This is a boost from Douglas Dynamics’s previous quarterly dividend of $0.28. This represents a $1.14 annualized dividend and a dividend yield of 2.55%. The ex-dividend date was Thursday, March 18th. Douglas Dynamics’s dividend payout ratio (DPR) is currently 49.35%.

A number of analysts recently weighed in on PLOW shares. 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 raised Douglas Dynamics from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $38.00 to $52.00 in a research note on Wednesday, February 3rd. Craig Hallum increased their target price on Douglas Dynamics from $38.00 to $45.00 and gave the stock a “hold” rating in a research note on Wednesday, February 24th. Finally, Zacks Investment Research raised Douglas Dynamics from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 28th.

In other news, CEO Robert L. Mccormick sold 8,414 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 22,071 shares of the company’s stock, valued at approximately $1,087,879.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.30% of the stock is owned by company insiders.

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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