Douglas Dynamics (NYSE:PLOW) Updates FY 2019 Earnings Guidance

Douglas Dynamics (NYSE:PLOW) updated its FY 2019 earnings guidance on Monday. The company provided earnings per share guidance of $2.00-2.40 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.16. The company issued revenue guidance of $520-560 million, compared to the consensus revenue estimate of $541.76 million.Douglas Dynamics also updated its FY19 guidance to $2.00-2.40 EPS.

A number of equities research analysts have weighed in on the company. Zacks Investment Research raised Douglas Dynamics from a strong sell rating to a hold rating in a research report on Wednesday, July 10th. TheStreet lowered Douglas Dynamics from a b rating to a c+ rating in a research report on Monday, May 6th.

NYSE PLOW traded down $0.16 on Wednesday, reaching $42.69. 1,855 shares of the stock traded hands, compared to its average volume of 55,198. 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’s fifty day simple moving average is $39.81. The company has a market cap of $900.65 million, a P/E ratio of 22.63 and a beta of 0.67. Douglas Dynamics has a 12 month low of $33.54 and a 12 month high of $48.05.

Douglas Dynamics (NYSE:PLOW) last issued its earnings results on Monday, August 5th. The auto parts company reported $1.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.12. The business had revenue of $176.40 million during the quarter, compared to analyst estimates of $161.77 million. Douglas Dynamics had a return on equity of 16.34% and a net margin of 8.53%. Douglas Dynamics’s revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.02 EPS. Equities analysts anticipate that Douglas Dynamics will post 1.95 EPS for the current year.

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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