Equities analysts expect Douglas Dynamics (NYSE:PLOW) to post sales of $75.17 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Douglas Dynamics’ earnings, with estimates ranging from $73.00 million to $78.70 million. Douglas Dynamics reported sales of $72.25 million in the same quarter last year, which would suggest a positive year over year growth rate of 4%. The company is scheduled to report its next earnings report on Monday, May 14th.
According to Zacks, analysts expect that Douglas Dynamics will report full year sales of $504.85 million for the current year, with estimates ranging from $493.10 million to $516.60 million. For the next year, analysts expect that the business will post sales of $524.30 million per share, with estimates ranging from $510.00 million to $538.60 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Douglas Dynamics.
Douglas Dynamics (NYSE:PLOW) last announced its quarterly earnings results on Monday, February 26th. The auto parts company reported $0.50 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.50. The firm had revenue of $137.97 million for the quarter, compared to analysts’ expectations of $135.33 million. Douglas Dynamics had a net margin of 11.66% and a return on equity of 14.04%.
PLOW stock traded up $0.95 during midday trading on Wednesday, reaching $44.60. 35,495 shares of the company’s stock traded hands, compared to its average volume of 95,468. The stock has a market cap of $986.09, a price-to-earnings ratio of 32.79, a price-to-earnings-growth ratio of 1.46 and a beta of 1.19. The company has a quick ratio of 1.47, a current ratio of 2.45 and a debt-to-equity ratio of 1.07. Douglas Dynamics has a fifty-two week low of $28.55 and a fifty-two week high of $47.40.
The company also recently announced a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Thursday, March 22nd were given a dividend of $0.265 per share. This is a boost from Douglas Dynamics’s previous quarterly dividend of $0.24. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date was Wednesday, March 21st. Douglas Dynamics’s payout ratio is presently 77.94%.
In other news, Chairman James L. Janik sold 18,085 shares of the business’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $43.49, for a total transaction of $786,516.65. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Robert J. Young sold 818 shares of the business’s stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $43.49, for a total transaction of $35,574.82. The disclosure for this sale can be found here. Over the last three months, insiders have sold 28,138 shares of company stock worth $1,223,722. Corporate insiders own 3.10% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. We Are One Seven LLC acquired a new stake in Douglas Dynamics in the fourth quarter valued at $288,000. DF Dent & Co. Inc. raised its holdings in Douglas Dynamics by 10.8% in the fourth quarter. DF Dent & Co. Inc. now owns 70,369 shares of the auto parts company’s stock valued at $2,660,000 after acquiring an additional 6,858 shares in the last quarter. MetLife Investment Advisors LLC acquired a new stake in Douglas Dynamics in the fourth quarter valued at $373,000. LPL Financial LLC raised its holdings in Douglas Dynamics by 30.8% in the fourth quarter. LPL Financial LLC now owns 10,854 shares of the auto parts company’s stock valued at $410,000 after acquiring an additional 2,554 shares in the last quarter. Finally, Millennium Management LLC acquired a new stake in Douglas Dynamics in the fourth quarter valued at $349,000. 90.82% of the stock is currently owned by hedge funds and other institutional investors.
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About Douglas Dynamics
Douglas Dynamics, Inc operates as a manufacturer and up-fitter of commercial work truck attachments and equipment primarily 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 and heavy duty trucks, as well as various related parts and accessories.
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