Brokerages Anticipate Douglas Dynamics, Inc. (PLOW) Will Post Quarterly Sales of $129.15 Million
Equities research analysts forecast that Douglas Dynamics, Inc. (NYSE:PLOW) will post $129.15 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Douglas Dynamics’ earnings. The lowest sales estimate is $127.20 million and the highest is $131.10 million. Douglas Dynamics reported sales of $113.76 million during the same quarter last year, which indicates a positive year over year growth rate of 13.5%. The business is expected to report its next earnings report on Monday, August 7th.
According to Zacks, analysts expect that Douglas Dynamics will report full year sales of $129.15 million for the current financial year, with estimates ranging from $472.40 million to $481.10 million. For the next year, analysts anticipate that the firm will report sales of $507.40 million per share, with estimates ranging from $503.70 million to $511.10 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Douglas Dynamics.
Douglas Dynamics (NYSE:PLOW) last announced its quarterly earnings results on Monday, May 8th. The auto parts company reported ($0.14) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.06) by $0.08. Douglas Dynamics had a net margin of 6.83% and a return on equity of 15.78%. The company had revenue of $72.20 million during the quarter, compared to analyst estimates of $78.34 million. During the same period in the previous year, the firm posted ($0.04) earnings per share. The company’s revenue was up 48.0% compared to the same quarter last year.
Several research firms have recently commented on PLOW. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Douglas Dynamics in a report on Monday, May 8th. Zacks Investment Research cut Douglas Dynamics from a “hold” rating to a “sell” rating in a report on Friday, March 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $34.00.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in PLOW. Toronto Dominion Bank boosted its position in Douglas Dynamics by 0.6% in the first quarter. Toronto Dominion Bank now owns 3,250 shares of the auto parts company’s stock valued at $100,000 after buying an additional 20 shares during the period. ClariVest Asset Management LLC boosted its position in Douglas Dynamics by 5.3% in the first quarter. ClariVest Asset Management LLC now owns 6,060 shares of the auto parts company’s stock valued at $185,000 after buying an additional 303 shares during the period. Citadel Advisors LLC acquired a new position in Douglas Dynamics during the first quarter valued at approximately $204,000. Sapphire Star Partners LP acquired a new position in Douglas Dynamics during the first quarter valued at approximately $214,000. Finally, Blair William & Co. IL acquired a new position in Douglas Dynamics during the first quarter valued at approximately $275,000. Institutional investors and hedge funds own 85.66% of the company’s stock.
Shares of Douglas Dynamics (NYSE:PLOW) traded down 0.078% on Thursday, reaching $32.125. The company’s stock had a trading volume of 10,874 shares. The company has a market capitalization of $725.70 million, a price-to-earnings ratio of 24.172 and a beta of 1.14. The stock has a 50-day moving average price of $30.46 and a 200-day moving average price of $31.86. Douglas Dynamics has a 1-year low of $24.05 and a 1-year high of $35.90.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Tuesday, June 20th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date of this dividend was Friday, June 16th. Douglas Dynamics’s dividend payout ratio is presently 72.18%.
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About Douglas Dynamics
Douglas Dynamics, Inc is a manufacturer and up-fitter of commercial vehicle attachments and equipment. The Company’s portfolio includes snow and ice management attachments sold under the BLIZZARD, FISHER, HENDERSON, SNOWEX and WESTERN brands, turf care equipment under the TURFEX brand and industrial maintenance equipment under the SWEEPEX brand.
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