Wall Street brokerages forecast that Douglas Dynamics Inc (NYSE:PLOW) will report $135.33 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued 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 in the same quarter last year, which suggests a positive year over year growth rate of 4%. The company is expected to issue its next quarterly 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 forecast that the firm will report sales of $508.50 million per share, with estimates ranging from $491.10 million to $524.00 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Douglas Dynamics.
Douglas Dynamics (NYSE:PLOW) last posted its quarterly earnings results on Monday, November 6th. The auto parts company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.05). The business had revenue of $125.30 million during 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 for the quarter was up 1.4% on a year-over-year basis. During the same period last year, the firm earned $0.32 EPS.
In other news, SVP Keith Hagelin bought 3,400 shares of the firm’s stock in a transaction that occurred on Saturday, March 17th. The shares were acquired at an average price of $29.35 per share, with a total value of $99,790.00. Following the acquisition, the senior vice president now owns 82,090 shares of the company’s stock, valued at approximately $2,409,341.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Robert L. Mccormick sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $40.08, for a total transaction of $601,200.00. Following the sale, the vice president now directly owns 116,263 shares in the company, valued at approximately $4,659,821.04. The disclosure for this sale can be found here. Insiders have sold a total of 76,673 shares of company stock worth $2,910,522 in the last ninety days. 3.20% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in PLOW. Zions Bancorporation purchased a new position in Douglas Dynamics in the 3rd quarter worth approximately $100,000. Principal Financial Group Inc. purchased a new position in Douglas Dynamics in the 3rd quarter worth approximately $233,000. Sapphire Star Partners LP purchased a new position in Douglas Dynamics in the 3rd quarter worth approximately $242,000. Comerica Bank purchased a new position in Douglas Dynamics in the 3rd quarter worth approximately $263,000. Finally, Cubist Systematic Strategies LLC purchased a new position in Douglas Dynamics in the 3rd quarter worth approximately $267,000. 90.82% of the stock is owned by institutional investors and hedge funds.
Shares of Douglas Dynamics (PLOW) opened at $41.20 on Friday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.76 and a current ratio of 2.97. The firm has a market cap of $930.74 and a P/E ratio of 30.75. Douglas Dynamics has a twelve month low of $28.55 and a twelve month high of $43.00.
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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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