Douglas Dynamics, Inc. (PLOW) Releases Earnings Results, Beats Expectations By $0.11 EPS
Douglas Dynamics, Inc. (NYSE:PLOW) released its quarterly earnings results on Monday. The auto parts company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.11, Briefing.com reports. Douglas Dynamics had a net margin of 6.83% and a return on equity of 15.78%. The business had revenue of $139.40 million for the quarter, compared to analysts’ expectations of $132.33 million. During the same period last year, the business earned $0.71 EPS. The company’s revenue was up 22.5% compared to the same quarter last year.
Douglas Dynamics (NYSE PLOW) traded up 12.77% during mid-day trading on Tuesday, reaching $34.45. 131,985 shares of the company were exchanged. The stock has a 50-day moving average of $31.63 and a 200 day moving average of $31.59. Douglas Dynamics has a 1-year low of $25.23 and a 1-year high of $35.90. The firm has a market capitalization of $778.23 million, a P/E ratio of 25.92 and a beta of 1.14.
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A number of analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Douglas Dynamics from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. BidaskClub cut shares of Douglas Dynamics from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Finally, Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Douglas Dynamics in a report on Monday, May 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $42.00.
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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