Douglas Dynamics, Inc. (PLOW) to Release Earnings on Monday
Douglas Dynamics, Inc. (NYSE:PLOW) will release its earnings data after the market closes on Monday, October 30th. Analysts expect Douglas Dynamics to post earnings of $0.45 per share for the quarter.
Douglas Dynamics (NYSE:PLOW) last released its quarterly earnings results 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 company 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 earned $0.71 earnings per share. The firm’s revenue was up 22.5% on a year-over-year basis. On average, analysts expect Douglas Dynamics to post $1.54 EPS for the current fiscal year and $1.78 EPS for the next fiscal year.
Douglas Dynamics, Inc. (PLOW) traded down 0.60% on Monday, hitting $41.60. 12,846 shares of the company were exchanged. The company has a 50 day moving average price of $38.48 and a 200-day moving average price of $33.37. Douglas Dynamics, Inc. has a 52 week low of $25.23 and a 52 week high of $42.10. The stock has a market capitalization of $939.74 million, a P/E ratio of 33.02 and a beta of 1.13.
The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Tuesday, September 19th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date was Monday, September 18th. Douglas Dynamics’s payout ratio is 76.19%.
In other Douglas Dynamics news, Chairman James L. Janik sold 20,000 shares of the company’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $35.03, for a total transaction of $700,600.00. Following the transaction, the chairman now owns 322,790 shares in the company, valued at approximately $11,307,333.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sarah C. Lauber bought 1,250 shares of the stock in a transaction on Thursday, September 14th. The shares were bought at an average price of $36.04 per share, for a total transaction of $45,050.00. Following the purchase, the chief financial officer now directly owns 1,250 shares in the company, valued at approximately $45,050. The disclosure for this purchase can be found here. 3.20% of the stock is currently owned by corporate insiders.
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A number of equities analysts recently issued reports on PLOW shares. BidaskClub cut shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Zacks Investment Research upgraded shares of Douglas Dynamics from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $40.00.
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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