Douglas Dynamics (NYSE:PLOW) Receiving Somewhat Positive News Coverage, Study Shows
News articles about Douglas Dynamics (NYSE:PLOW) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Douglas Dynamics earned a coverage optimism score of 0.11 on Accern’s scale. Accern also gave media stories about the auto parts company an impact score of 45.6247465855497 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Douglas Dynamics (PLOW) traded up 1.468% during midday trading on Wednesday, hitting $31.658. 23,958 shares of the company’s stock traded hands. Douglas Dynamics has a 52 week low of $25.23 and a 52 week high of $35.90. The company has a 50 day moving average of $31.29 and a 200-day moving average of $31.66. The company has a market capitalization of $715.15 million, a PE ratio of 23.821 and a beta of 1.14.
Douglas Dynamics (NYSE:PLOW) last released its earnings results on Monday, May 8th. The auto parts company reported ($0.14) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by $0.08. Douglas Dynamics had a net margin of 6.83% and a return on equity of 15.78%. The business had revenue of $72.20 million for the quarter, compared to analysts’ expectations of $78.34 million. During the same period last year, the firm earned ($0.04) EPS. The company’s revenue was up 48.0% compared to the same quarter last year. Equities research analysts predict that Douglas Dynamics will post $1.38 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Tuesday, June 20th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, June 16th. This represents a $0.96 annualized dividend and a yield of 3.08%. Douglas Dynamics’s dividend payout ratio (DPR) is presently 72.18%.
PLOW has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Douglas Dynamics from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. BidaskClub downgraded shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Oppenheimer Holdings, Inc. dropped coverage on shares of Douglas Dynamics in a research note on Thursday, June 22nd. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $39.00.
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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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