$134.15 Million in Sales Expected for Douglas Dynamics, Inc. (PLOW) This Quarter
Equities analysts expect Douglas Dynamics, Inc. (NYSE:PLOW) to report sales of $134.15 million for the current quarter, according to Zacks. Two analysts have made estimates for Douglas Dynamics’ earnings, with the highest sales estimate coming in at $134.20 million and the lowest estimate coming in at $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 expected to issue its next earnings report on Monday, October 30th.
According to Zacks, 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 expect that the firm will post sales of $518.45 million per share, with estimates ranging from $512.90 million to $524.00 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Douglas Dynamics.
Douglas Dynamics (NYSE:PLOW) last posted its quarterly earnings data on Monday, August 7th. The auto parts company reported $0.64 earnings per share for the quarter, beating 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 analyst estimates of $132.33 million. During the same period last year, the firm posted $0.71 EPS. Douglas Dynamics’s quarterly revenue was up 22.5% on a year-over-year basis.
Several equities research analysts have weighed in on PLOW shares. Oppenheimer Holdings, Inc. dropped coverage on Douglas Dynamics in a research report on Thursday, June 22nd. Zacks Investment Research raised Douglas Dynamics from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, BidaskClub raised Douglas Dynamics from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Douglas Dynamics has a consensus rating of “Buy” and a consensus target price of $40.00.
Douglas Dynamics (NYSE:PLOW) opened at 40.20 on Tuesday. The stock has a market capitalization of $908.16 million, a price-to-earnings ratio of 31.90 and a beta of 1.12. Douglas Dynamics has a 52-week low of $25.23 and a 52-week high of $41.35. The company has a 50-day moving average of $37.75 and a 200-day moving average of $33.05.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Tuesday, September 19th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date was Monday, September 18th. Douglas Dynamics’s dividend payout ratio (DPR) is 76.19%.
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In other news, Chairman James L. Janik sold 20,000 shares of the firm’s stock in a transaction 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 transaction, the chairman now directly owns 322,790 shares of the company’s stock, valued at $11,307,333.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Sarah C. Lauber purchased 1,250 shares of the stock in a transaction dated Thursday, September 14th. The shares were acquired 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 of the company’s stock, valued at approximately $45,050. The disclosure for this purchase can be found here. 3.20% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently modified their holdings of PLOW. Westwood Holdings Group Inc. increased its holdings in shares of Douglas Dynamics by 336.5% during 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 purchasing an additional 486,195 shares during the period. Uniplan Investment Counsel Inc. increased its holdings in shares of Douglas Dynamics by 148.5% during the second quarter. Uniplan Investment Counsel Inc. now owns 565,102 shares of the auto parts company’s stock valued at $18,591,000 after purchasing an additional 337,722 shares during the period. RK Capital Management LLC acquired a new position in shares of Douglas Dynamics during the second quarter valued at $9,344,000. William Blair Investment Management LLC increased its holdings in shares of Douglas Dynamics by 75.7% during the second quarter. William Blair Investment Management LLC now owns 347,427 shares of the auto parts company’s stock valued at $11,430,000 after purchasing an additional 149,711 shares during the period. Finally, Lazard Asset Management LLC increased its holdings in shares of Douglas Dynamics by 29.7% during the second quarter. Lazard Asset Management LLC now owns 545,674 shares of the auto parts company’s stock valued at $17,952,000 after purchasing an additional 125,000 shares during the period. 89.34% of the stock is currently owned by institutional investors.
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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