Douglas Dynamics (NYSE:PLOW) Announces Quarterly Earnings Results, Beats Estimates By $0.19 EPS


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Douglas Dynamics (NYSE:PLOW) released its earnings results on Sunday. The auto parts company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.19, MarketWatch Earnings reports. The business had revenue of $158.16 million for the quarter, compared to analyst estimates of $147.87 million. Douglas Dynamics had a negative net margin of 19.32% and a positive return on equity of 9.82%. Douglas Dynamics’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.72 earnings per share.

PLOW opened at $49.82 on Tuesday. Douglas Dynamics has a 1-year low of $24.12 and a 1-year high of $56.89. The company has a current ratio of 3.19, a quick ratio of 1.84 and a debt-to-equity ratio of 1.42. The company has a market cap of $1.14 billion, a P/E ratio of -12.15 and a beta of 0.87. The company has a fifty day moving average price of $44.25 and a two-hundred day moving average price of $39.87.

Separately, Robert W. Baird upgraded shares of Douglas Dynamics from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $38.00 to $52.00 in a report on Wednesday, February 3rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $44.00.

In other Douglas Dynamics news, insider Keith Hagelin sold 7,713 shares of Douglas Dynamics stock in a transaction on Thursday, December 10th. The shares were sold at an average price of $42.20, for a total value of $325,488.60. Following the completion of the sale, the insider now directly owns 78,399 shares of the company’s stock, valued at $3,308,437.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 2.30% of the company’s stock.

Douglas Dynamics Company Profile

Douglas Dynamics, Inc operates as a manufacturer and upfitter of commercial work truck attachments and equipment in North America. It operates in two segments, Work Truck Attachments and Work Truck Solutions. The Work Truck Attachments segment manufactures and sells snow and ice control attachments, including snowplows, and sand and salt spreaders for light trucks and heavy duty trucks, as well as various related parts and accessories.

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Earnings History for Douglas Dynamics (NYSE:PLOW)

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