Douglas Dynamics (NYSE:PLOW) Posts Earnings Results, Beats Estimates By $0.22 EPS

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Douglas Dynamics (NYSE:PLOW) released its quarterly earnings results on Sunday. The auto parts company reported $0.04 earnings per share (EPS) for the quarter, topping 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 quarter last year, the company posted ($0.34) earnings per share. The business’s revenue was up 51.6% on a year-over-year basis.

Shares of PLOW stock traded up $0.06 during midday trading on Tuesday, reaching $45.00. 862 shares of the company traded hands, compared to its average volume of 78,728. The firm’s 50 day simple moving average is $46.74 and its two-hundred day simple moving average is $43.32. Douglas Dynamics has a 1-year low of $25.63 and a 1-year high of $51.44. 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 has a market cap of $1.03 billion, a PE ratio of -10.96 and a beta of 0.87.

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 31st. Stockholders 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 dividend yield of 2.53%. This is an increase from Douglas Dynamics’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Thursday, March 18th. Douglas Dynamics’s dividend payout ratio (DPR) is presently 49.35%.

In other news, CEO Robert L. Mccormick sold 8,414 shares of Douglas Dynamics 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 sale, the chief executive officer now directly owns 22,071 shares in the company, valued at approximately $1,087,879.59. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.30% of the stock is currently owned by company insiders.

A number of research firms recently issued reports on PLOW. Craig Hallum raised their price target on Douglas Dynamics from $38.00 to $45.00 and gave the stock a “hold” rating in a report on Wednesday, February 24th. TheStreet lowered Douglas Dynamics from a “b-” rating to a “c+” rating in a report on Monday, April 5th. Zacks Investment Research raised Douglas Dynamics from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 28th. Finally, Robert W. Baird raised Douglas Dynamics from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $38.00 to $52.00 in a report on Wednesday, February 3rd.

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.

Further Reading: Golden Cross

Earnings History for Douglas Dynamics (NYSE:PLOW)

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