Brokerages expect Douglas Dynamics, Inc. (NYSE:PLOW) to announce earnings per share (EPS) of $0.45 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Douglas Dynamics’ earnings. The lowest EPS estimate is $0.42 and the highest is $0.48. Douglas Dynamics posted earnings per share of $0.49 in the same quarter last year, which would suggest a negative year-over-year growth rate of 8.2%. The company is scheduled to announce its next quarterly earnings report on Monday, October 30th.
According to Zacks, analysts expect that Douglas Dynamics will report full-year earnings of $1.54 per share for the current financial year. For the next year, analysts forecast that the firm will post earnings of $1.78 per share, with EPS estimates ranging from $1.75 to $1.81. Zacks’ earnings per share averages are an average based on a survey of research analysts that follow Douglas Dynamics.
Douglas Dynamics (NYSE:PLOW) last announced its quarterly earnings results on Monday, August 7th. The auto parts company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.53 by $0.11. The firm had revenue of $139.40 million for the quarter, compared to analyst estimates of $132.33 million. Douglas Dynamics had a return on equity of 14.96% and a net margin of 6.16%. The business’s revenue for the quarter was up 22.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.71 earnings per share.
A number of equities research analysts have issued reports on PLOW shares. Oppenheimer Holdings, Inc. dropped coverage on Douglas Dynamics in a research report on Thursday, June 22nd. BidaskClub lowered Douglas Dynamics from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, Zacks Investment Research raised Douglas Dynamics from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $40.00.
Shares of Douglas Dynamics (NYSE:PLOW) traded up 0.188% during trading on Tuesday, hitting $39.975. The stock had a trading volume of 8,621 shares. The stock has a market cap of $903.04 million, a price-to-earnings ratio of 31.726 and a beta of 1.13. Douglas Dynamics has a 12 month low of $25.23 and a 12 month high of $41.35. The company’s 50 day moving average price is $37.52 and its 200 day moving average price is $32.94.
The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Tuesday, September 19th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date was Monday, September 18th. Douglas Dynamics’s dividend payout ratio is currently 76.19%.
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In other news, Chairman James L. Janik sold 20,000 shares of the stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $35.03, for a total value of $700,600.00. Following the transaction, the chairman now owns 322,790 shares in the company, valued at approximately $11,307,333.70. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Sarah C. Lauber acquired 1,250 shares of the company’s stock in a transaction dated Thursday, September 14th. The stock was acquired at an average price of $36.04 per share, for a total transaction of $45,050.00. Following the acquisition, the chief financial officer now owns 1,250 shares in the company, valued at approximately $45,050. The disclosure for this purchase can be found here. 3.20% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in PLOW. Westwood Holdings Group Inc. increased its holdings in shares of Douglas Dynamics by 336.5% in the 2nd quarter. Westwood Holdings Group Inc. now owns 630,684 shares of the auto parts company’s stock valued at $20,749,000 after acquiring an additional 486,195 shares during the last quarter. Uniplan Investment Counsel Inc. increased its holdings in shares of Douglas Dynamics by 148.5% in the 2nd quarter. Uniplan Investment Counsel Inc. now owns 565,102 shares of the auto parts company’s stock valued at $18,591,000 after acquiring an additional 337,722 shares during the last quarter. RK Capital Management LLC purchased a new position in shares of Douglas Dynamics in the 2nd quarter valued at about $9,344,000. William Blair Investment Management LLC increased its holdings in shares of Douglas Dynamics by 75.7% in the 2nd quarter. William Blair Investment Management LLC now owns 347,427 shares of the auto parts company’s stock valued at $11,430,000 after acquiring an additional 149,711 shares during the last quarter. Finally, Lazard Asset Management LLC increased its holdings in shares of Douglas Dynamics by 29.7% in the 2nd quarter. Lazard Asset Management LLC now owns 545,674 shares of the auto parts company’s stock valued at $17,952,000 after acquiring an additional 125,000 shares during the last quarter. Institutional investors and hedge funds own 89.34% of the company’s stock.
Douglas Dynamics Company Profile
Douglas Dynamics, Inc is a manufacturer and up-fitter of commercial vehicle attachments and equipment. The Company’s portfolio includes snow and ice management attachments sold under the BLIZZARD, FISHER, HENDERSON, SNOWEX and WESTERN brands, turf care equipment under the TURFEX brand and industrial maintenance equipment under the SWEEPEX brand.
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