Zacks: Brokerages Anticipate Douglas Dynamics (PLOW) Will Post Quarterly Sales of $75.17 Million

Wall Street brokerages expect that Douglas Dynamics (NYSE:PLOW) will post $75.17 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Douglas Dynamics’ earnings. The highest sales estimate is $78.70 million and the lowest is $73.00 million. Douglas Dynamics posted sales of $72.25 million during the same quarter last year, which would suggest a positive year over year growth rate of 4%. The firm is expected to issue its next earnings results on Monday, May 14th.

According to Zacks, analysts expect that Douglas Dynamics will report full year sales of $75.17 million for the current year, with estimates ranging from $493.10 million to $516.60 million. For the next fiscal year, analysts forecast that the business will post sales of $524.30 million per share, with estimates ranging from $510.00 million to $538.60 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Douglas Dynamics.

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Douglas Dynamics (NYSE:PLOW) last issued its quarterly earnings results on Monday, February 26th. The auto parts company reported $0.50 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.50. The firm had revenue of $137.97 million during the quarter, compared to analysts’ expectations of $135.33 million. Douglas Dynamics had a net margin of 11.66% and a return on equity of 14.04%.

Several analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Douglas Dynamics from a “sell” rating to a “hold” rating in a research note on Wednesday, January 10th. ValuEngine cut shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a research note on Friday. Robert W. Baird restated a “hold” rating and issued a $44.00 target price on shares of Douglas Dynamics in a research note on Thursday, March 1st. Finally, Craig Hallum set a $50.00 target price on shares of Douglas Dynamics and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Douglas Dynamics currently has a consensus rating of “Buy” and an average target price of $47.67.

In related news, VP Robert L. Mccormick sold 15,000 shares of the firm’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $40.08, for a total value of $601,200.00. Following the completion of the sale, the vice president now owns 116,263 shares in the company, valued at $4,659,821.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Robert J. Young sold 818 shares of the firm’s stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $43.49, for a total transaction of $35,574.82. The disclosure for this sale can be found here. Insiders sold a total of 43,138 shares of company stock valued at $1,824,922 in the last 90 days. Company insiders own 3.20% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Douglas Dynamics by 10.2% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 13,727 shares of the auto parts company’s stock valued at $541,000 after purchasing an additional 1,269 shares during the period. Raymond James & Associates lifted its stake in shares of Douglas Dynamics by 16.0% in the fourth quarter. Raymond James & Associates now owns 9,764 shares of the auto parts company’s stock valued at $369,000 after purchasing an additional 1,348 shares during the period. SG Americas Securities LLC lifted its stake in shares of Douglas Dynamics by 8.2% in the third quarter. SG Americas Securities LLC now owns 23,801 shares of the auto parts company’s stock valued at $938,000 after purchasing an additional 1,795 shares during the period. Zions Bancorporation acquired a new stake in shares of Douglas Dynamics in the third quarter valued at about $100,000. Finally, LPL Financial LLC lifted its stake in shares of Douglas Dynamics by 30.8% in the fourth quarter. LPL Financial LLC now owns 10,854 shares of the auto parts company’s stock valued at $410,000 after purchasing an additional 2,554 shares during the period. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Shares of Douglas Dynamics stock opened at $43.00 on Friday. Douglas Dynamics has a 52 week low of $28.55 and a 52 week high of $47.40. The company has a market cap of $971.41, a price-to-earnings ratio of 30.71, a PEG ratio of 1.44 and a beta of 1.15. The company has a quick ratio of 1.47, a current ratio of 2.45 and a debt-to-equity ratio of 1.07.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 22nd will be paid a $0.265 dividend. This represents a $1.06 annualized dividend and a dividend yield of 2.47%. The ex-dividend date of this dividend is Wednesday, March 21st. This is a boost from Douglas Dynamics’s previous quarterly dividend of $0.24. Douglas Dynamics’s dividend payout ratio (DPR) is 44.17%.

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Douglas Dynamics Company Profile

Douglas Dynamics, Inc operates as a manufacturer and up-fitter of commercial work truck attachments and equipment primarily in North America. It operates in 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 and heavy duty trucks, as well as various related parts and accessories.

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