Douglas Dynamics, Inc. (NYSE:PLOW) Expected to Post Earnings of $0.66 Per Share

Wall Street analysts expect Douglas Dynamics, Inc. (NYSE:PLOWGet Rating) to report earnings of $0.66 per share for the current quarter, Zacks reports. Zero analysts have issued estimates for Douglas Dynamics’ earnings. Douglas Dynamics posted earnings of $0.91 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 27.5%. The firm is scheduled to report its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Douglas Dynamics will report full-year earnings of $1.80 per share for the current fiscal year. For the next fiscal year, analysts anticipate that the business will post earnings of $2.27 per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Douglas Dynamics.

Douglas Dynamics (NYSE:PLOWGet Rating) last announced its quarterly earnings results on Monday, May 2nd. The auto parts company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.04). The business had revenue of $102.60 million for the quarter. Douglas Dynamics had a net margin of 4.82% and a return on equity of 15.62%. During the same quarter in the prior year, the firm posted ($0.02) earnings per share.

A number of research analysts have recently issued reports on PLOW shares. Zacks Investment Research raised Douglas Dynamics from a “sell” rating to a “hold” rating in a report on Wednesday, April 27th. StockNews.com downgraded Douglas Dynamics from a “buy” rating to a “hold” rating in a report on Wednesday, May 11th. Finally, Robert W. Baird lowered their price target on Douglas Dynamics from $56.00 to $50.00 in a report on Wednesday, February 23rd.

Shares of NYSE:PLOW traded down $0.45 during midday trading on Friday, reaching $29.55. 92,558 shares of the company’s stock traded hands, compared to its average volume of 97,169. The company has a market cap of $676.40 million, a price-to-earnings ratio of 26.86 and a beta of 0.89. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.78 and a current ratio of 2.76. Douglas Dynamics has a one year low of $28.79 and a one year high of $45.74. The stock has a 50 day moving average of $32.77 and a 200 day moving average of $36.73.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Friday, March 18th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date of this dividend was Thursday, March 17th. This is a boost from Douglas Dynamics’s previous quarterly dividend of $0.29. Douglas Dynamics’s dividend payout ratio is 105.45%.

In related news, VP Linda R. Evans sold 1,122 shares of the stock in a transaction dated Monday, March 7th. The stock was sold at an average price of $35.91, for a total transaction of $40,291.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert L. Mccormick sold 10,260 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 value of $368,436.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,810 shares of company stock valued at $639,557. 2.50% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of PLOW. D.B. Root & Company LLC increased its holdings in shares of Douglas Dynamics by 1.9% in the 4th quarter. D.B. Root & Company LLC now owns 14,313 shares of the auto parts company’s stock valued at $559,000 after acquiring an additional 273 shares during the period. Advisor Group Holdings Inc. lifted its position in Douglas Dynamics by 5.3% during the 3rd quarter. Advisor Group Holdings Inc. now owns 5,810 shares of the auto parts company’s stock worth $213,000 after acquiring an additional 294 shares during the period. Natixis Advisors L.P. lifted its holdings in shares of Douglas Dynamics by 1.1% in the 1st quarter. Natixis Advisors L.P. now owns 32,297 shares of the auto parts company’s stock valued at $1,117,000 after buying an additional 348 shares during the period. Raymond James Trust N.A. increased its position in shares of Douglas Dynamics by 8.2% in the first quarter. Raymond James Trust N.A. now owns 5,946 shares of the auto parts company’s stock valued at $206,000 after buying an additional 452 shares in the last quarter. Finally, Harbor Investment Advisory LLC raised its position in Douglas Dynamics by 18.1% during the first quarter. Harbor Investment Advisory LLC now owns 3,023 shares of the auto parts company’s stock worth $105,000 after acquiring an additional 463 shares during the period. 93.01% of the stock is owned by institutional investors and hedge funds.

Douglas Dynamics Company Profile (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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