Douglas Dynamics (NYSE:PLOW) Announces Quarterly Earnings Results, Meets Estimates

Key Points

• Douglas Dynamics met earnings expectations, reporting quarterly EPS of $0.92, in line with analysts’ consensus estimate. The company posted a 7.52% net margin and 19.03% return on equity.
• The stock rose 0.8% to $39.81 during Monday trading, giving the company a market capitalization of approximately $918.8 million.
• Douglas Dynamics maintained its quarterly dividend at $0.295 per share, equivalent to $1.18 annually and a 3.0% yield. Analysts’ overall view remains “Moderate Buy,” with a consensus price target of $51.67.

Douglas Dynamics (NYSE:PLOW - Get Free Report) posted its quarterly earnings results on Monday. The auto parts company reported $0.92 EPS for the quarter, hitting analysts' consensus estimates of $0.92, Zacks reports. Douglas Dynamics had a net margin of 7.52% and a return on equity of 19.03%.

Douglas Dynamics Stock Up 0.8%

PLOW traded up $0.32 during midday trading on Monday, reaching $39.81. 136,105 shares of the company were exchanged, compared to its average volume of 232,941. The company has a market cap of $918.81 million, a price-to-earnings ratio of 18.10, a price-to-earnings-growth ratio of 0.86 and a beta of 1.14. Douglas Dynamics has a one year low of $28.52 and a one year high of $55.00. The company's fifty day moving average price is $40.24 and its 200 day moving average price is $42.96. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.03 and a current ratio of 2.16.

Douglas Dynamics Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were issued a dividend of $0.2950 per share. This represents a $1.18 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Tuesday, September 15th. Douglas Dynamics's payout ratio is currently 53.64%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Robert W. Baird cut their price objective on shares of Douglas Dynamics from $56.00 to $50.00 and set a "neutral" rating on the stock in a research report on Tuesday, August 4th. Weiss Ratings raised Douglas Dynamics from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, August 13th. Wall Street Zen downgraded Douglas Dynamics from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Zacks Research raised Douglas Dynamics from a "strong sell" rating to a "hold" rating in a research note on Wednesday, September 2nd. Finally, DA Davidson set a $57.00 price target on Douglas Dynamics in a report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $51.67.

Douglas Dynamics Company Profile

Douglas Dynamics, Inc is a manufacturer of equipment used for snow and ice management. The company's products are designed for commercial, municipal and residential applications and include snowplows, spreaders, de-icing equipment and related attachments for light-, medium- and heavy-duty trucks.

Its portfolio includes products marketed under brands such as WESTERN, FISHER, BLIZZARD, SnowEx and Henderson. The company offers vehicle-mounted snow and ice control equipment, salt and material spreaders, liquid de-icing systems, truck bodies and other solutions intended to help contractors, municipalities and commercial operators clear roads, parking areas and other paved surfaces.

Founded in 1946, Douglas Dynamics is headquartered in Milwaukee, Wisconsin, and primarily serves customers in North America through equipment dealers, distributors and other commercial channels.

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