Douglas Dynamics (NYSE:PLOW) Posts Earnings Results, Beats Expectations By $0.22 EPS

Douglas Dynamics (NYSE:PLOW) released its quarterly earnings data on Sunday. The auto parts company reported $0.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.18) by $0.22, MarketWatch Earnings reports. The firm had revenue of $103.34 million for the quarter, compared to analyst estimates of $77.10 million. Douglas Dynamics had a negative net margin of 19.32% and a positive return on equity of 9.82%. The business’s quarterly revenue was up 51.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.34) earnings per share.

Douglas Dynamics stock traded up $0.32 during midday trading on Tuesday, hitting $45.26. 2,267 shares of the stock were exchanged, compared to its average volume of 78,728. Douglas Dynamics has a fifty-two week low of $25.63 and a fifty-two week high of $51.44. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of -10.96 and a beta of 0.87. The stock’s 50-day simple moving average is $46.74 and its 200 day simple moving average is $43.32. The company has a current ratio of 3.19, a quick ratio of 1.84 and a debt-to-equity ratio of 1.42.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 31st. Investors of record on Friday, March 19th were given a dividend of $0.285 per share. This is a boost from Douglas Dynamics’s previous quarterly dividend of $0.28. This represents a $1.14 annualized dividend and a yield of 2.52%. The ex-dividend date of this dividend was Thursday, March 18th. Douglas Dynamics’s dividend payout ratio (DPR) is presently 49.35%.

A number of analysts have recently weighed in on the stock. TheStreet lowered shares of Douglas Dynamics from a “b-” rating to a “c+” rating in a research note on Monday, April 5th. Zacks Investment Research raised shares of Douglas Dynamics from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 28th. Robert W. Baird raised shares of Douglas Dynamics from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $38.00 to $52.00 in a report on Wednesday, February 3rd. Finally, Craig Hallum increased their price objective on shares of Douglas Dynamics from $38.00 to $45.00 and gave the company a “hold” rating in a report on Wednesday, February 24th.

In related news, CEO Robert L. Mccormick sold 8,414 shares of the firm’s stock in a transaction dated Wednesday, March 10th. The shares were sold at an average price of $49.29, for a total transaction of $414,726.06. Following the completion of the sale, the chief executive officer now directly owns 22,071 shares in the company, valued at $1,087,879.59. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.30% of the stock is currently owned by company insiders.

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.

Featured Story: Non-Fungible Token (NFT)

Earnings History for Douglas Dynamics (NYSE:PLOW)

Receive News & Ratings for Douglas Dynamics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Douglas Dynamics and related companies with's FREE daily email newsletter.