Douglas Dynamics, Inc. (PLOW) Expected to Post Quarterly Sales of $134.15 Million
Wall Street brokerages expect Douglas Dynamics, Inc. (NYSE:PLOW) to announce sales of $134.15 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Douglas Dynamics’ earnings. The highest sales estimate is $134.20 million and the lowest is $134.10 million. Douglas Dynamics posted sales of $123.57 million during the same quarter last year, which suggests a positive year over year growth rate of 8.6%. The company is scheduled to issue its next quarterly earnings results on Monday, October 30th.
On average, analysts expect that Douglas Dynamics will report full-year sales of $134.15 million for the current financial year, with estimates ranging from $488.40 million to $490.20 million. For the next fiscal year, analysts forecast that the business will report sales of $518.45 million per share, with estimates ranging from $512.90 million to $524.00 million. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Douglas Dynamics.
Douglas Dynamics (NYSE:PLOW) last announced its quarterly earnings results on Monday, August 7th. The auto parts company reported $0.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.11. The business had revenue of $139.40 million during the quarter, compared to the consensus estimate of $132.33 million. Douglas Dynamics had a net margin of 6.16% and a return on equity of 14.96%. The business’s revenue was up 22.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.71 EPS.
Several equities research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a report on Wednesday. BidaskClub raised shares of Douglas Dynamics from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. Finally, Oppenheimer Holdings, Inc. dropped coverage on shares of Douglas Dynamics in a report on Thursday, June 22nd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Douglas Dynamics has a consensus rating of “Buy” and a consensus price target of $40.00.
Douglas Dynamics (NYSE PLOW) opened at 40.15 on Thursday. The stock has a market cap of $906.99 million, a P/E ratio of 31.87 and a beta of 1.13. The stock has a 50 day moving average of $37.37 and a 200-day moving average of $32.89. Douglas Dynamics has a one year low of $25.23 and a one year high of $41.35.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Tuesday, September 19th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend was Monday, September 18th. Douglas Dynamics’s payout ratio is 76.19%.
In other Douglas Dynamics news, CFO Sarah C. Lauber purchased 1,250 shares of the business’s stock in a transaction on Thursday, September 14th. The stock was bought at an average cost of $36.04 per share, with a total value of $45,050.00. Following the acquisition, the chief financial officer now owns 1,250 shares of the company’s stock, valued at $45,050. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman James L. Janik sold 20,000 shares of the company’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $35.03, for a total transaction of $700,600.00. Following the completion of the sale, the chairman now directly owns 322,790 shares of the company’s stock, valued at $11,307,333.70. The disclosure for this sale can be found here. 3.20% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Citadel Advisors LLC acquired a new stake in Douglas Dynamics in the 1st quarter valued at about $204,000. Atria Investments LLC lifted its holdings in Douglas Dynamics by 1.5% in the 2nd quarter. Atria Investments LLC now owns 7,677 shares of the auto parts company’s stock valued at $253,000 after acquiring an additional 112 shares during the last quarter. GW&K Investment Management LLC acquired a new stake in Douglas Dynamics in the 2nd quarter valued at about $257,000. Blair William & Co. IL acquired a new stake in Douglas Dynamics in the 1st quarter valued at about $275,000. Finally, Karp Capital Management Corp acquired a new stake in Douglas Dynamics in the 1st quarter valued at about $297,000. 89.34% of the stock is owned by institutional investors.
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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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