Analysts Expect Douglas Dynamics, Inc. (PLOW) to Post $0.45 EPS
Brokerages forecast that Douglas Dynamics, Inc. (NYSE:PLOW) will report $0.45 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Douglas Dynamics’ earnings, with estimates ranging from $0.42 to $0.48. Douglas Dynamics posted earnings per share of $0.49 in the same quarter last year, which would suggest a negative year over year growth rate of 8.2%. The business is expected to report its next earnings report on Monday, October 30th.
According to Zacks, analysts expect that Douglas Dynamics will report full-year earnings of $1.54 per share for the current year. For the next year, analysts expect that the company will report earnings of $1.78 per share, with EPS estimates ranging from $1.75 to $1.81. Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for Douglas Dynamics.
Douglas Dynamics (NYSE:PLOW) last announced its quarterly earnings results on Monday, August 7th. The auto parts company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.11. Douglas Dynamics had a net margin of 6.16% and a return on equity of 14.96%. The firm had revenue of $139.40 million for the quarter, compared to the consensus estimate of $132.33 million. During the same period in the prior year, the firm posted $0.71 earnings per share. The company’s revenue for the quarter was up 22.5% on a year-over-year basis.
A number of research analysts recently commented on the company. Zacks Investment Research raised Douglas Dynamics from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. BidaskClub raised Douglas Dynamics from a “sell” rating to a “hold” rating in a report on Friday, August 25th. Finally, Oppenheimer Holdings, Inc. dropped coverage on Douglas Dynamics in a report on Thursday, June 22nd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $40.00.
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Shares of Douglas Dynamics (NYSE PLOW) traded down 0.37% during midday trading on Tuesday, reaching $40.15. 61,418 shares of the company were exchanged. Douglas Dynamics has a 12-month low of $25.23 and a 12-month high of $41.35. The stock has a market capitalization of $906.99 million, a P/E ratio of 31.87 and a beta of 1.12. The company has a 50 day moving average price of $37.05 and a 200-day moving average price of $32.76.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Tuesday, September 19th were issued a $0.24 dividend. The ex-dividend date of this dividend was Monday, September 18th. This represents a $0.96 dividend on an annualized basis and a yield of 2.39%. Douglas Dynamics’s dividend payout ratio is presently 76.19%.
In other news, Chairman James L. Janik sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $35.03, for a total transaction of $700,600.00. Following the sale, the chairman now directly owns 322,790 shares of the company’s stock, valued at approximately $11,307,333.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Sarah C. Lauber acquired 1,250 shares of the firm’s stock in a transaction dated Thursday, September 14th. The shares were purchased at an average cost of $36.04 per share, for a total transaction of $45,050.00. Following the completion of the acquisition, the chief financial officer now directly owns 1,250 shares in the company, valued at $45,050. The disclosure for this purchase can be found here. 3.20% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently modified their holdings of PLOW. ClariVest Asset Management LLC raised its holdings in shares of Douglas Dynamics by 5.3% during the 1st quarter. ClariVest Asset Management LLC now owns 6,060 shares of the auto parts company’s stock worth $185,000 after acquiring an additional 303 shares in the last quarter. Citadel Advisors LLC purchased a new stake in shares of Douglas Dynamics during the 1st quarter worth approximately $204,000. Atria Investments LLC raised its holdings in shares of Douglas Dynamics by 1.5% during the 2nd quarter. Atria Investments LLC now owns 7,677 shares of the auto parts company’s stock worth $253,000 after acquiring an additional 112 shares in the last quarter. GW&K Investment Management LLC purchased a new stake in shares of Douglas Dynamics during the 2nd quarter worth approximately $257,000. Finally, Blair William & Co. IL purchased a new stake in shares of Douglas Dynamics during the 1st quarter worth approximately $275,000. 89.34% of the stock is currently owned by institutional investors and hedge funds.
Douglas Dynamics Company Profile
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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