Douglas Dynamics (NYSE:PLOW) released its quarterly earnings data on Sunday. The auto parts company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.22, MarketWatch Earnings reports. Douglas Dynamics had a negative net margin of 19.32% and a positive return on equity of 9.82%. The business had revenue of $103.34 million during the quarter, compared to analyst estimates of $77.10 million. During the same period in the previous year, the business earned ($0.34) EPS. Douglas Dynamics’s revenue was up 51.6% compared to the same quarter last year.
Shares of NYSE PLOW traded down $0.18 during midday trading on Tuesday, hitting $44.76. 68,869 shares of the company’s stock were exchanged, compared to its average volume of 78,609. 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 business’s fifty day moving average price is $46.74 and its two-hundred day moving average price is $43.32. The company has a market cap of $1.02 billion, a price-to-earnings ratio of -10.96 and a beta of 0.87. Douglas Dynamics has a 12-month low of $25.63 and a 12-month high of $51.44.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 31st. Stockholders of record on Friday, March 19th were given a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date of this dividend was Thursday, March 18th. This is an increase from Douglas Dynamics’s previous quarterly dividend of $0.28. Douglas Dynamics’s dividend payout ratio (DPR) is 49.35%.
A number of research analysts have weighed in on the company. Zacks Investment Research raised Douglas Dynamics from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 28th. TheStreet cut shares of Douglas Dynamics from a “b-” rating to a “c+” rating in a research note on Monday, April 5th. Craig Hallum increased their target price on shares of Douglas Dynamics from $38.00 to $45.00 and gave the stock a “hold” rating in a research note on Wednesday, February 24th. Finally, Robert W. Baird raised shares of Douglas Dynamics from a “neutral” rating to an “outperform” rating and raised their price target for the company from $38.00 to $52.00 in a report on Wednesday, February 3rd.
In other news, CEO Robert L. Mccormick sold 8,414 shares of the stock in a transaction on Wednesday, March 10th. The shares were sold at an average price of $49.29, for a total value of $414,726.06. Following the transaction, the chief executive officer now owns 22,071 shares of the company’s stock, valued at approximately $1,087,879.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.30% of the stock is currently owned by corporate insiders.
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 through 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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