Douglas Dynamics (NYSE:PLOW) Issues Earnings Results, Beats Expectations By $0.06 EPS

Douglas Dynamics (NYSE:PLOW) released its quarterly earnings data on Monday. The auto parts company reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.06, reports. Douglas Dynamics had a return on equity of 19.03% and a net margin of 7.52%. The business had revenue of $218.01 million during the quarter, compared to the consensus estimate of $218.60 million.

Douglas Dynamics Price Performance

NYSE PLOW opened at $39.81 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 2.16 and a debt-to-equity ratio of 0.44. Douglas Dynamics has a 12-month low of $28.52 and a 12-month high of $55.00. The firm’s 50 day moving average is $40.20 and its 200-day moving average is $42.98. The company has a market capitalization of $918.70 million, a PE ratio of 18.10, a price-to-earnings-growth ratio of 0.87 and a beta of 1.14.

Douglas Dynamics Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were given a $0.2950 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Tuesday, September 15th. Douglas Dynamics’s dividend payout ratio (DPR) is currently 53.64%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Weiss Ratings upgraded shares of Douglas Dynamics from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 13th. Wall Street Zen cut shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. DA Davidson set a $57.00 price objective on Douglas Dynamics in a research note on Tuesday, August 4th. Zacks Research upgraded Douglas Dynamics from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 2nd. Finally, Robert W. Baird decreased their target price on Douglas Dynamics from $56.00 to $50.00 and set a “neutral” rating for the company in a research note on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $51.67.

Douglas Dynamics Company Profile

Douglas Dynamics, Inc is a manufacturer of equipment used for snow and ice management. The company’s products are designed for commercial, municipal and residential applications and include snowplows, spreaders, de-icing equipment and related attachments for light-, medium- and heavy-duty trucks.

Its portfolio includes products marketed under brands such as WESTERN, FISHER, BLIZZARD, SnowEx and Henderson. The company offers vehicle-mounted snow and ice control equipment, salt and material spreaders, liquid de-icing systems, truck bodies and other solutions intended to help contractors, municipalities and commercial operators clear roads, parking areas and other paved surfaces.

Founded in 1946, Douglas Dynamics is headquartered in Milwaukee, Wisconsin, and primarily serves customers in North America through equipment dealers, distributors and other commercial channels.