Analysts Expect Douglas Dynamics Inc (PLOW) Will Announce Quarterly Sales of $135.33 Million
Wall Street brokerages predict that Douglas Dynamics Inc (NYSE:PLOW) will announce $135.33 million in sales for the current quarter, Zacks reports. Three analysts have made estimates for Douglas Dynamics’ earnings, with the lowest sales estimate coming in at $130.00 million and the highest estimate coming in at $140.60 million. Douglas Dynamics posted sales of $130.14 million during the same quarter last year, which suggests a positive year over year growth rate of 4%. The business is expected to announce its next earnings results on Monday, March 5th.
According to Zacks, analysts expect that Douglas Dynamics will report full-year sales of $135.33 million for the current fiscal year, with estimates ranging from $467.00 million to $477.50 million. For the next fiscal year, analysts anticipate that the business will report sales of $508.50 million per share, with estimates ranging from $491.10 million to $524.00 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Douglas Dynamics.
Douglas Dynamics (NYSE:PLOW) last issued its quarterly earnings data on Monday, November 6th. The auto parts company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.05). The firm had revenue of $125.30 million for the quarter, compared to the consensus estimate of $133.53 million. Douglas Dynamics had a net margin of 6.59% and a return on equity of 13.98%. The business’s revenue was up 1.4% on a year-over-year basis. During the same period last year, the company posted $0.32 earnings per share.
In other Douglas Dynamics news, VP Robert L. Mccormick sold 15,000 shares of the company’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $40.08, for a total value of $601,200.00. Following the sale, the vice president now owns 116,263 shares in the company, valued at $4,659,821.04. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman James L. Janik sold 15,593 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $37.64, for a total transaction of $586,920.52. Following the completion of the sale, the chairman now owns 261,892 shares in the company, valued at approximately $9,857,614.88. The disclosure for this sale can be found here. Over the last three months, insiders sold 76,673 shares of company stock valued at $2,910,522. 3.20% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in PLOW. Zions Bancorporation purchased a new stake in shares of Douglas Dynamics during the third quarter valued at approximately $100,000. Principal Financial Group Inc. purchased a new stake in shares of Douglas Dynamics during the third quarter valued at approximately $233,000. Sapphire Star Partners LP purchased a new stake in shares of Douglas Dynamics during the third quarter valued at approximately $242,000. Comerica Bank purchased a new stake in shares of Douglas Dynamics during the third quarter valued at approximately $263,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Douglas Dynamics during the third quarter valued at approximately $267,000. Institutional investors and hedge funds own 90.23% of the company’s stock.
Shares of Douglas Dynamics (NYSE:PLOW) traded down $0.65 during trading hours on Tuesday, hitting $40.50. 51,100 shares of the stock traded hands, compared to its average volume of 82,378. The company has a market capitalization of $929.62, a P/E ratio of 30.00, a price-to-earnings-growth ratio of 1.57 and a beta of 1.12. The company has a current ratio of 2.97, a quick ratio of 1.76 and a debt-to-equity ratio of 1.35. Douglas Dynamics has a 52-week low of $28.55 and a 52-week high of $42.60.
The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Tuesday, December 19th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date was Monday, December 18th. Douglas Dynamics’s payout ratio is currently 71.11%.
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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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