Douglas Dynamics (NYSE:PLOW) Posts Earnings Results

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.

Several institutional investors and hedge funds have recently modified their holdings of the company. Conestoga Capital Advisors LLC lifted its holdings in Douglas Dynamics by 3.7% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 1,992,143 shares of the auto parts company’s stock worth $79,267,000 after buying an additional 71,955 shares during the last quarter. Wells Fargo & Company MN raised its stake in Douglas Dynamics by 5.2% during the 1st quarter. Wells Fargo & Company MN now owns 1,043,023 shares of the auto parts company’s stock worth $39,708,000 after acquiring an additional 51,750 shares during the period. FMR LLC raised its stake in Douglas Dynamics by 36.5% during the 1st quarter. FMR LLC now owns 1,034,961 shares of the auto parts company’s stock worth $39,401,000 after acquiring an additional 276,541 shares during the period. Westwood Holdings Group Inc. raised its stake in Douglas Dynamics by 19.0% during the 1st quarter. Westwood Holdings Group Inc. now owns 751,796 shares of the auto parts company’s stock worth $28,621,000 after acquiring an additional 119,980 shares during the period. Finally, RK Capital Management LLC raised its stake in Douglas Dynamics by 6.9% during the 1st quarter. RK Capital Management LLC now owns 416,259 shares of the auto parts company’s stock worth $15,847,000 after acquiring an additional 27,000 shares during the period. 89.52% of the stock is owned by hedge funds and other institutional investors.

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.

See Also: What type of investment options does a Roth IRA provide?

Earnings History for Douglas Dynamics (NYSE:PLOW)

Receive News & Ratings for Douglas Dynamics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Douglas Dynamics and related companies with MarketBeat.com's FREE daily email newsletter.