Wall Street analysts predict that Douglas Dynamics, Inc. (NYSE:PLOW – Get Rating) will announce ($0.07) earnings per share (EPS) for the current quarter, according to Zacks. Zero analysts have provided estimates for Douglas Dynamics’ earnings. Douglas Dynamics reported earnings of $0.04 per share in the same quarter last year, which would indicate a negative year over year growth rate of 275%. The business is expected to issue its next quarterly earnings report after the market closes on Monday, January 1st.
On average, analysts expect that Douglas Dynamics will report full year earnings of $1.83 per share for the current financial year. For the next financial year, analysts expect that the business will report earnings of $2.27 per share. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that follow Douglas Dynamics.
Douglas Dynamics (NYSE:PLOW – Get Rating) last issued its earnings results on Monday, February 21st. The auto parts company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.04). The business had revenue of $152.95 million for the quarter. Douglas Dynamics had a net margin of 5.67% and a return on equity of 16.79%. During the same quarter in the prior year, the business posted $0.78 EPS.
PLOW traded down $1.21 during midday trading on Friday, reaching $30.96. 92,865 shares of the company’s stock were exchanged, compared to its average volume of 57,141. The company has a quick ratio of 1.39, a current ratio of 2.69 and a debt-to-equity ratio of 0.96. The business has a 50-day simple moving average of $34.46 and a two-hundred day simple moving average of $37.70. The firm has a market capitalization of $711.46 million, a price-to-earnings ratio of 23.63 and a beta of 0.87. Douglas Dynamics has a one year low of $30.75 and a one year high of $46.51.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Friday, March 18th were issued a dividend of $0.29 per share. This is a positive change from Douglas Dynamics’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Thursday, March 17th. This represents a $1.16 annualized dividend and a dividend yield of 3.75%. Douglas Dynamics’s dividend payout ratio (DPR) is presently 88.55%.
In other news, CFO Sarah C. Lauber sold 3,888 shares of the stock in a transaction that occurred on Monday, March 7th. The shares were sold at an average price of $35.91, for a total transaction of $139,618.08. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Keith Hagelin sold 2,540 shares of the business’s stock in a transaction that occurred on Monday, March 7th. The stock was sold at an average price of $35.91, for a total transaction of $91,211.40. The disclosure for this sale can be found here. Insiders sold 17,810 shares of company stock valued at $639,557 in the last quarter. 2.50% of the stock is currently owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the company. Confluence Wealth Services Inc. bought a new stake in shares of Douglas Dynamics during the fourth quarter worth approximately $34,000. Hardy Reed LLC bought a new stake in shares of Douglas Dynamics during the 1st quarter valued at $88,000. Harbor Investment Advisory LLC boosted its position in shares of Douglas Dynamics by 18.1% in the 1st quarter. Harbor Investment Advisory LLC now owns 3,023 shares of the auto parts company’s stock worth $105,000 after purchasing an additional 463 shares during the last quarter. BNP Paribas Arbitrage SA grew its stake in shares of Douglas Dynamics by 457.9% during the third quarter. BNP Paribas Arbitrage SA now owns 4,435 shares of the auto parts company’s stock worth $161,000 after purchasing an additional 3,640 shares during the period. Finally, Advisor Group Holdings Inc. increased its holdings in Douglas Dynamics by 5.3% in the third quarter. Advisor Group Holdings Inc. now owns 5,810 shares of the auto parts company’s stock valued at $213,000 after purchasing an additional 294 shares during the last quarter. Institutional investors own 94.48% of the company’s stock.
About Douglas Dynamics (Get Rating)
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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