Douglas Dynamics (NYSE:PLOW) Posts Quarterly Earnings Results, Beats Estimates By $0.19 EPS
Douglas Dynamics (NYSE:PLOW) released its quarterly earnings data on Sunday. The auto parts company reported $0.78 EPS for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.19, MarketWatch Earnings reports. The firm had revenue of $158.16 million during the quarter, compared to analysts’ expectations of $147.87 million. Douglas Dynamics had a negative net margin of 19.32% and a positive return on equity of 9.82%. The company’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.72 earnings per share.
NYSE PLOW traded down $0.76 on Tuesday, reaching $49.06. The company had a trading volume of 3,614 shares, compared to its average volume of 76,899. The stock has a market capitalization of $1.12 billion, a P/E ratio of -12.15 and a beta of 0.87. The company’s fifty day moving average is $44.25 and its 200 day moving average is $39.87. Douglas Dynamics has a 52-week low of $24.12 and a 52-week high of $56.89. The company has a quick ratio of 1.84, a current ratio of 3.19 and a debt-to-equity ratio of 1.42.
In other Douglas Dynamics news, insider Keith Hagelin sold 7,713 shares of the firm’s stock in a transaction dated Thursday, December 10th. The stock was sold at an average price of $42.20, for a total value of $325,488.60. Following the completion of the transaction, the insider now owns 78,399 shares in the company, valued at approximately $3,308,437.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 2.30% of the company’s stock.
About Douglas Dynamics
Douglas Dynamics, Inc operates as a manufacturer and upfitter of commercial work truck attachments and equipment 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 trucks and heavy duty trucks, as well as various related parts and accessories.
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