Douglas Dynamics Downgraded by Zacks (PLOW)
Douglas Dynamics (NASDAQ:PLOW) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a note issued to investors on Thursday. They currently have a $21.90 price objective on the stock. Zacks‘s target price points to a potential upside of 8.52% from the company’s current price.
Shares of Douglas Dynamics (NASDAQ:PLOW) traded up 1.34% on Thursday, hitting $20.45. 61,970 shares of the company’s stock traded hands. Douglas Dynamics has a 1-year low of $14.00 and a 1-year high of $20.25. The stock has a 50-day moving average of $18.48 and a 200-day moving average of $17.55. The company has a market cap of $455.7 million and a P/E ratio of 18.18.
Douglas Dynamics (NASDAQ:PLOW) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.21. The company had revenue of $88.20 million for the quarter, compared to the consensus estimate of $77.70 million. During the same quarter in the previous year, the company posted $0.26 earnings per share. The company’s revenue for the quarter was up 60.1% on a year-over-year basis. On average, analysts predict that Douglas Dynamics will post $1.24 earnings per share for the current fiscal year.
Douglas Dynamics, Inc is engaged in the design, manufacture and sale of snow and ice control equipment for light trucks, which consists of snowplows, sand and salt spreaders, and related parts and accessories.
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