Wall Street brokerages expect that Douglas Dynamics (NYSE:PLOW) will report $75.17 million in sales for the current quarter, Zacks reports. Three analysts have issued estimates for Douglas Dynamics’ earnings. The lowest sales estimate is $73.00 million and the highest is $78.70 million. Douglas Dynamics reported sales of $72.25 million in the same quarter last year, which indicates a positive year over year growth rate of 4%. The business is expected to report its next earnings report on Monday, May 14th.
According to Zacks, analysts expect that Douglas Dynamics will report full year sales of $75.17 million for the current year, with estimates ranging from $493.10 million to $516.60 million. For the next financial year, analysts forecast that the business will post sales of $524.30 million per share, with estimates ranging from $510.00 million to $538.60 million. Zacks’ sales averages are an average based on a survey of analysts that follow Douglas Dynamics.
Douglas Dynamics (NYSE:PLOW) last issued its quarterly earnings results on Monday, February 26th. The auto parts company reported $0.50 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.50. Douglas Dynamics had a net margin of 11.66% and a return on equity of 14.04%. The company had revenue of $137.97 million during the quarter, compared to analysts’ expectations of $135.33 million.
Several equities analysts have commented on PLOW shares. Zacks Investment Research raised shares of Douglas Dynamics from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a research report on Saturday, March 3rd. Craig Hallum set a $50.00 price target on shares of Douglas Dynamics and gave the company a “buy” rating in a research report on Wednesday, February 28th. Robert W. Baird reaffirmed a “hold” rating and set a $44.00 price objective on shares of Douglas Dynamics in a research report on Thursday, March 1st. Finally, ValuEngine raised shares of Douglas Dynamics from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $47.67.
In other news, Chairman James L. Janik sold 18,085 shares of Douglas Dynamics stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $43.49, for a total transaction of $786,516.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Andrew Dejana sold 741 shares of Douglas Dynamics stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $43.49, for a total transaction of $32,226.09. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 28,138 shares of company stock valued at $1,223,722. Corporate insiders own 3.10% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. We Are One Seven LLC purchased a new stake in shares of Douglas Dynamics during the 4th quarter worth $288,000. DF Dent & Co. Inc. raised its stake in Douglas Dynamics by 10.8% during the 4th quarter. DF Dent & Co. Inc. now owns 70,369 shares of the auto parts company’s stock worth $2,660,000 after acquiring an additional 6,858 shares in the last quarter. MetLife Investment Advisors LLC acquired a new stake in Douglas Dynamics during the 4th quarter worth $373,000. LPL Financial LLC raised its stake in Douglas Dynamics by 30.8% during the 4th quarter. LPL Financial LLC now owns 10,854 shares of the auto parts company’s stock worth $410,000 after acquiring an additional 2,554 shares in the last quarter. Finally, Millennium Management LLC acquired a new stake in Douglas Dynamics during the 4th quarter worth $349,000. 90.81% of the stock is owned by institutional investors and hedge funds.
Shares of PLOW stock opened at $43.90 on Wednesday. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.45 and a quick ratio of 1.47. Douglas Dynamics has a 52 week low of $28.55 and a 52 week high of $47.40. The company has a market capitalization of $984.96, a price-to-earnings ratio of 32.28, a price-to-earnings-growth ratio of 1.46 and a beta of 1.19.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Thursday, March 22nd were given a dividend of $0.265 per share. This is a boost from Douglas Dynamics’s previous quarterly dividend of $0.24. This represents a $1.06 annualized dividend and a dividend yield of 2.41%. The ex-dividend date was Wednesday, March 21st. Douglas Dynamics’s payout ratio is 77.94%.
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Douglas Dynamics Company Profile
Douglas Dynamics, Inc operates as a manufacturer and up-fitter of commercial work truck attachments and equipment primarily 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 and heavy duty trucks, as well as various related parts and accessories.
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