Douglas Dynamics (NYSE:PLOW) Announces Earnings Results

Douglas Dynamics (NYSE:PLOW) posted its earnings results on Monday. The auto parts company reported $1.03 earnings per share for the quarter, beating 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 in the previous year, the business posted $1.00 EPS.

Douglas Dynamics Trading Down 3.2 %

Shares of NYSE:PLOW traded down $0.99 during mid-day trading on Wednesday, reaching $29.72. 79,044 shares of the company were exchanged, compared to its average volume of 237,811. Douglas Dynamics has a 1 year low of $21.31 and a 1 year high of $35.39. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.06 and a quick ratio of 0.60. The firm’s 50-day simple moving average is $24.01 and its 200 day simple moving average is $24.28. The firm has a market cap of $686.23 million, a price-to-earnings ratio of 26.25, a P/E/G ratio of 1.45 and a beta of 1.17.

Douglas Dynamics Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 17th were paid a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date of this dividend was Monday, June 17th. Douglas Dynamics’s dividend payout ratio (DPR) is 100.86%.

Analyst Ratings Changes

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

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.