Douglas Dynamics (NYSE:PLOW) released its earnings results on Sunday. The auto parts company reported $0.04 EPS for the quarter, topping 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 firm had revenue of $103.34 million during the quarter, compared to analyst estimates of $77.10 million. During the same quarter in the previous year, the business earned ($0.34) EPS. The business’s quarterly 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, reaching $44.76. 68,869 shares of the stock were exchanged, compared to its average volume of 78,609. The company has a market capitalization 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 business has a 50-day simple moving average of $46.74 and a two-hundred day simple moving average of $43.32. The company has a debt-to-equity ratio of 1.42, a current ratio of 3.19 and a quick ratio of 1.84.
The company 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%. This is a boost from Douglas Dynamics’s previous quarterly dividend of $0.28. The ex-dividend date was Thursday, March 18th. Douglas Dynamics’s dividend payout ratio (DPR) is currently 49.35%.
A number of research firms have commented on PLOW. Robert W. Baird raised shares of Douglas Dynamics from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $38.00 to $52.00 in a report on Wednesday, February 3rd. TheStreet cut shares of Douglas Dynamics from a “b-” rating to a “c+” rating in a research report on Monday, April 5th. Zacks Investment Research raised shares of Douglas Dynamics from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 28th. Finally, Craig Hallum lifted their price target on shares of Douglas Dynamics from $38.00 to $45.00 and gave the stock a “hold” rating in a research report on Wednesday, February 24th.
In related news, CEO Robert L. Mccormick sold 8,414 shares of the business’s 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 sale, the chief executive officer now directly owns 22,071 shares of the company’s stock, valued at approximately $1,087,879.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.30% of the company’s stock.
About Douglas Dynamics
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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