Douglas Dynamics (PLOW) Issues Quarterly Earnings Results

Douglas Dynamics (NYSE:PLOW) issued its quarterly earnings results on Monday. The auto parts company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.01), reports. Douglas Dynamics had a return on equity of 16.07% and a net margin of 12.36%. The business had revenue of $124.80 million for the quarter, compared to the consensus estimate of $125.37 million. During the same period last year, the firm earned $0.40 earnings per share. The company’s quarterly revenue was down .4% compared to the same quarter last year. Douglas Dynamics updated its FY18 guidance to $1.75-2.05 EPS.

Shares of Douglas Dynamics stock traded down $3.99 during trading on Tuesday, hitting $39.01. 11,504 shares of the stock were exchanged, compared to its average volume of 117,601. The firm has a market capitalization of $996.94 million, a PE ratio of 28.90 and a beta of 1.04. Douglas Dynamics has a 1-year low of $36.20 and a 1-year high of $49.50. The company has a debt-to-equity ratio of 1.01, a current ratio of 3.77 and a quick ratio of 1.98.

Separately, Zacks Investment Research cut shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a research report on Saturday, August 11th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $47.67.

In other news, insider Jonathon P. Sievert sold 1,200 shares of the business’s stock in a transaction dated Friday, August 17th. The shares were sold at an average price of $43.30, for a total transaction of $51,960.00. Following the transaction, the insider now directly owns 9,884 shares in the company, valued at approximately $427,977.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman James L. Janik sold 25,000 shares of the business’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $44.89, for a total transaction of $1,122,250.00. Following the transaction, the chairman now owns 239,030 shares in the company, valued at $10,730,056.70. The disclosure for this sale can be found here. 3.10% of the stock is owned by insiders.

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About Douglas Dynamics

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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Earnings History for Douglas Dynamics (NYSE:PLOW)

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