Douglas Dynamics (NYSE:PLOW) announced its earnings results on Monday. The auto parts company reported $1.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.12, Morningstar.com reports. Douglas Dynamics had a net margin of 8.53% and a return on equity of 16.34%. The firm had revenue of $176.40 million for the quarter, compared to analyst estimates of $161.77 million. During the same quarter in the prior year, the business posted $1.02 EPS. The business’s revenue was up 8.0% compared to the same quarter last year. Douglas Dynamics updated its FY 2019 guidance to $2.00-2.40 EPS and its FY19 guidance to $2.00-2.40 EPS.
Shares of PLOW traded up $4.19 during trading hours on Tuesday, reaching $42.48. 117,686 shares of the company traded hands, compared to its average volume of 55,198. The stock has a market capitalization of $900.65 million, a price-to-earnings ratio of 22.48 and a beta of 0.67. Douglas Dynamics has a 12-month low of $33.54 and a 12-month high of $48.05. The company has a current ratio of 2.80, a quick ratio of 0.95 and a debt-to-equity ratio of 0.94. The stock has a fifty day moving average of $39.74.
A number of research analysts have issued reports on the stock. TheStreet lowered shares of Douglas Dynamics from a “b” rating to a “c+” rating in a research report on Monday, May 6th. Zacks Investment Research raised shares of Douglas Dynamics from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 10th.
Douglas Dynamics Company Profile
Douglas Dynamics, Inc operates as a manufacturer and upfitter 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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