Douglas Dynamics (NYSE:PLOW) Posts Quarterly Earnings Results, Beats Estimates By $0.06 EPS

by · The Markets Daily

Douglas Dynamics (NYSE:PLOW – Get Free Report) announced its quarterly earnings results on Monday. The auto parts company reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.06, reports. Douglas Dynamics had a net margin of 7.52% and a return on equity of 19.03%. The business had revenue of $218.01 million for the quarter, compared to analyst estimates of $218.60 million.

Douglas Dynamics Stock Performance

NYSE PLOW opened at $39.81 on Tuesday. The business’s 50 day moving average price is $40.20 and its 200-day moving average price is $42.98. The company has a market cap of $918.81 million, a P/E ratio of 18.10, a P/E/G ratio of 0.87 and a beta of 1.18. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.03 and a current ratio of 2.16. Douglas Dynamics has a fifty-two week low of $28.52 and a fifty-two week high of $55.00.

Douglas Dynamics Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were issued a $0.2950 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.0%. Douglas Dynamics’s payout ratio is 53.64%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PLOW. Robert W. Baird dropped their price target on shares of Douglas Dynamics from $56.00 to $50.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 4th. Zacks Research upgraded shares of Douglas Dynamics from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 2nd. Wall Street Zen downgraded Douglas Dynamics from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings raised Douglas Dynamics from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 13th. Finally, DA Davidson set a $57.00 target price on shares of Douglas Dynamics in a report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Douglas Dynamics presently has a consensus rating of “Moderate Buy” and an average price target of $51.67.

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About Douglas Dynamics

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Douglas Dynamics, Inc is a manufacturer of equipment used for snow and ice management. The company’s products are designed for commercial, municipal and residential applications and include snowplows, spreaders, de-icing equipment and related attachments for light-, medium- and heavy-duty trucks.

Its portfolio includes products marketed under brands such as WESTERN, FISHER, BLIZZARD, SnowEx and Henderson. The company offers vehicle-mounted snow and ice control equipment, salt and material spreaders, liquid de-icing systems, truck bodies and other solutions intended to help contractors, municipalities and commercial operators clear roads, parking areas and other paved surfaces.

Founded in 1946, Douglas Dynamics is headquartered in Milwaukee, Wisconsin, and primarily serves customers in North America through equipment dealers, distributors and other commercial channels.

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