Douglas Dynamics, Inc. (NYSE:PLOW) Issues Quarterly Earnings Results, Beats Estimates By $0.11 EPS
Douglas Dynamics, Inc. (NYSE:PLOW) posted its quarterly earnings data on Monday. The auto parts company reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.11, Briefing.com reports. Douglas Dynamics had a return on equity of 15.78% and a net margin of 6.83%. The firm had revenue of $139.40 million during the quarter, compared to the consensus estimate of $132.33 million. During the same period in the prior year, the company earned $0.71 EPS. The firm’s revenue was up 22.5% compared to the same quarter last year.
Shares of Douglas Dynamics (NYSE:PLOW) traded up 14.57% during mid-day trading on Tuesday, reaching $35.00. The company’s stock had a trading volume of 171,086 shares. The company’s 50-day moving average is $31.63 and its 200 day moving average is $31.59. The firm has a market capitalization of $790.65 million, a P/E ratio of 26.34 and a beta of 1.14. Douglas Dynamics has a 1-year low of $25.23 and a 1-year high of $35.90.
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Several research analysts recently commented on the company. Zacks Investment Research raised Douglas Dynamics from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. BidaskClub downgraded Douglas Dynamics from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Finally, Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Douglas Dynamics in a research note on Monday, May 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $42.00.
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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