Zacks: Analysts Anticipate Douglas Dynamics, Inc. (PLOW) Will Announce Quarterly Sales of $134.15 Million
Equities research analysts predict that Douglas Dynamics, Inc. (NYSE:PLOW) will announce $134.15 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Douglas Dynamics’ earnings. The highest sales estimate is $134.20 million and the lowest is $134.10 million. Douglas Dynamics reported sales of $123.57 million during the same quarter last year, which would suggest a positive year over year growth rate of 8.6%. The firm is scheduled to report its next earnings results on Monday, October 30th.
On average, analysts expect that Douglas Dynamics will report full year sales of $134.15 million for the current fiscal year, with estimates ranging from $488.40 million to $490.20 million. For the next year, analysts anticipate that the firm will post sales of $518.45 million per share, with estimates ranging from $512.90 million to $524.00 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Douglas Dynamics.
Douglas Dynamics (NYSE:PLOW) last posted its earnings results on Monday, August 7th. The auto parts company reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.11. The company had revenue of $139.40 million during the quarter, compared to analyst estimates of $132.33 million. Douglas Dynamics had a return on equity of 14.96% and a net margin of 6.16%. The company’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.71 EPS.
PLOW has been the subject of several recent research reports. Zacks Investment Research raised Douglas Dynamics from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a research note on Saturday, August 12th. Oppenheimer Holdings, Inc. dropped coverage on Douglas Dynamics in a research note on Thursday, June 22nd. Finally, BidaskClub cut Douglas Dynamics from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $40.00.
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Large investors have recently modified their holdings of the stock. Wells Fargo & Company MN boosted its stake in shares of Douglas Dynamics by 2.6% in the second quarter. Wells Fargo & Company MN now owns 1,471,309 shares of the auto parts company’s stock valued at $48,406,000 after buying an additional 37,147 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Douglas Dynamics by 6.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,389,370 shares of the auto parts company’s stock valued at $45,710,000 after buying an additional 82,348 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Douglas Dynamics by 2.2% in the second quarter. Vanguard Group Inc. now owns 914,005 shares of the auto parts company’s stock valued at $30,071,000 after buying an additional 20,006 shares during the last quarter. Bernzott Capital Advisors boosted its stake in shares of Douglas Dynamics by 5.2% in the second quarter. Bernzott Capital Advisors now owns 858,629 shares of the auto parts company’s stock valued at $28,249,000 after buying an additional 42,650 shares during the last quarter. Finally, Westwood Holdings Group Inc. boosted its stake in shares of Douglas Dynamics by 336.5% in the second quarter. Westwood Holdings Group Inc. now owns 630,684 shares of the auto parts company’s stock valued at $20,749,000 after buying an additional 486,195 shares during the last quarter. 85.16% of the stock is owned by institutional investors.
Douglas Dynamics (NYSE:PLOW) opened at 33.70 on Thursday. Douglas Dynamics has a 52-week low of $25.23 and a 52-week high of $35.90. The stock’s 50 day moving average price is $32.23 and its 200 day moving average price is $31.59. The firm has a market capitalization of $761.28 million, a price-to-earnings ratio of 26.75 and a beta of 1.14.
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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