Wall Street analysts expect Douglas Dynamics (NYSE:PLOW) to post $0.78 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Douglas Dynamics’ earnings. Douglas Dynamics reported earnings per share of $0.64 during the same quarter last year, which suggests a positive year over year growth rate of 21.9%. The firm is scheduled to report its next earnings report on Monday, August 6th.
According to Zacks, analysts expect that Douglas Dynamics will report full-year earnings of $2.09 per share for the current fiscal year, with EPS estimates ranging from $2.05 to $2.13. For the next financial year, analysts anticipate that the business will post earnings of $2.19 per share, with EPS estimates ranging from $2.10 to $2.27. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Douglas Dynamics.
Douglas Dynamics (NYSE:PLOW) last posted its quarterly earnings results on Monday, May 7th. The auto parts company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.09. Douglas Dynamics had a net margin of 11.66% and a return on equity of 14.06%. The company had revenue of $84.00 million during the quarter, compared to analysts’ expectations of $75.90 million. During the same quarter in the previous year, the business posted ($0.14) EPS. The firm’s revenue was up 16.3% on a year-over-year basis.
PLOW has been the subject of several analyst reports. Craig Hallum set a $50.00 price target on shares of Douglas Dynamics and gave the stock a “buy” rating in a report on Wednesday, February 28th. Zacks Investment Research downgraded shares of Douglas Dynamics from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Robert W. Baird restated a “hold” rating and set a $44.00 price objective on shares of Douglas Dynamics in a research report on Thursday, March 1st. Finally, ValuEngine upgraded shares of Douglas Dynamics from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $48.00.
NYSE PLOW traded up $0.30 on Wednesday, hitting $47.85. 51,720 shares of the stock were exchanged, compared to its average volume of 89,657. The company has a quick ratio of 1.40, a current ratio of 3.83 and a debt-to-equity ratio of 1.09. Douglas Dynamics has a fifty-two week low of $29.80 and a fifty-two week high of $48.10. The stock has a market capitalization of $1.07 billion, a PE ratio of 35.26, a price-to-earnings-growth ratio of 1.51 and a beta of 1.23.
Several large investors have recently modified their holdings of the company. BlackRock Inc. lifted its position in shares of Douglas Dynamics by 1.2% during the 4th quarter. BlackRock Inc. now owns 1,439,822 shares of the auto parts company’s stock worth $54,427,000 after buying an additional 17,350 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of Douglas Dynamics by 0.3% during the 4th quarter. Wells Fargo & Company MN now owns 1,367,851 shares of the auto parts company’s stock worth $51,705,000 after buying an additional 4,154 shares during the last quarter. Silvercrest Asset Management Group LLC lifted its position in shares of Douglas Dynamics by 0.7% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 679,711 shares of the auto parts company’s stock worth $29,466,000 after buying an additional 4,976 shares during the last quarter. Lazard Asset Management LLC lifted its position in shares of Douglas Dynamics by 10.0% during the 4th quarter. Lazard Asset Management LLC now owns 536,913 shares of the auto parts company’s stock worth $20,295,000 after buying an additional 48,710 shares during the last quarter. Finally, Uniplan Investment Counsel Inc. lifted its position in shares of Douglas Dynamics by 1.5% during the 1st quarter. Uniplan Investment Counsel Inc. now owns 239,904 shares of the auto parts company’s stock worth $10,399,000 after buying an additional 3,658 shares during the last quarter. Institutional investors and hedge funds own 89.77% of the company’s stock.
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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