Douglas Dynamics (NYSE:PLOW) Releases Earnings Results, Beats Estimates By $0.48 EPS

Douglas Dynamics (NYSE:PLOW) posted its quarterly earnings results on Monday. The auto parts company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.48, Zacks reports. The company had revenue of $199.90 million for the quarter, compared to analyst estimates of $181.30 million. Douglas Dynamics had a net margin of 5.03% and a return on equity of 13.49%. During the same period last year, the business posted $1.00 EPS.

Douglas Dynamics Stock Performance

Douglas Dynamics stock traded down $1.80 during mid-day trading on Wednesday, reaching $28.91. 414,025 shares of the company were exchanged, compared to its average volume of 240,147. Douglas Dynamics has a twelve month low of $21.31 and a twelve month high of $35.39. The firm has a market cap of $667.53 million, a PE ratio of 26.25, a price-to-earnings-growth ratio of 1.45 and a beta of 1.17. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.60 and a current ratio of 2.06. The firm’s 50-day simple moving average is $24.01 and its two-hundred day simple moving average is $24.28.

Douglas Dynamics Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 17th were paid a $0.295 dividend. The ex-dividend date of this dividend was Monday, June 17th. This represents a $1.18 annualized dividend and a yield of 4.08%. Douglas Dynamics’s dividend payout ratio is currently 100.86%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on PLOW. DA Davidson restated a “buy” rating and issued a $31.00 price objective on shares of Douglas Dynamics in a research note on Tuesday, April 30th. Robert W. Baird reissued a “neutral” rating and set a $25.00 price target (down from $36.00) on shares of Douglas Dynamics in a report on Monday, April 8th.

About Douglas Dynamics

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.