Douglas Dynamics (NYSE:PLOW) Releases Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Douglas Dynamics (NYSE:PLOW) announced its earnings results on Monday. The auto parts company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02), Zacks reports. Douglas Dynamics had a return on equity of 12.68% and a net margin of 9.89%.

Douglas Dynamics Price Performance

Shares of Douglas Dynamics stock traded down $0.42 during trading hours on Monday, hitting $25.39. The company’s stock had a trading volume of 213,693 shares, compared to its average volume of 155,240. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 2.14. Douglas Dynamics has a 12-month low of $21.31 and a 12-month high of $30.98. The business has a 50 day moving average price of $24.82 and a two-hundred day moving average price of $25.85. The company has a market cap of $586.31 million, a PE ratio of 11.04, a PEG ratio of 1.14 and a beta of 1.21.

Douglas Dynamics Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a dividend of $0.295 per share. The ex-dividend date was Monday, December 16th. This represents a $1.18 dividend on an annualized basis and a yield of 4.65%. Douglas Dynamics’s dividend payout ratio is presently 51.30%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PLOW. Robert W. Baird decreased their price objective on Douglas Dynamics from $30.00 to $26.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. StockNews.com lowered shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd.

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.