$134.15 Million in Sales Expected for Douglas Dynamics, Inc. (PLOW) This Quarter
Brokerages predict that Douglas Dynamics, Inc. (NYSE:PLOW) will announce $134.15 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Douglas Dynamics’ earnings. The highest sales estimate is $134.20 million and the lowest is $134.10 million. Douglas Dynamics reported sales of $123.57 million during the same quarter last year, which indicates a positive year-over-year growth rate of 8.6%. The firm is scheduled to report its next earnings report on Monday, October 30th.
On average, analysts expect that Douglas Dynamics will report full year sales of $134.15 million for the current fiscal year, with estimates ranging from $488.40 million to $490.20 million. For the next year, analysts anticipate that the business will post sales of $518.45 million per share, with estimates ranging from $512.90 million to $524.00 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Douglas Dynamics.
Douglas Dynamics (NYSE:PLOW) last announced its quarterly earnings results on Monday, August 7th. The auto parts company reported $0.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.11. Douglas Dynamics had a return on equity of 14.96% and a net margin of 6.16%. The business had revenue of $139.40 million for the quarter, compared to the consensus estimate of $132.33 million. During the same period last year, the business posted $0.71 EPS. The business’s revenue was up 22.5% compared to the same quarter last year.
A number of equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Douglas Dynamics from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. BidaskClub downgraded shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, Oppenheimer Holdings, Inc. dropped coverage on shares of Douglas Dynamics in a research report on Thursday, June 22nd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Douglas Dynamics currently has an average rating of “Buy” and an average price target of $40.00.
In related news, Chairman James L. Janik sold 20,000 shares of the business’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $35.03, for a total transaction of $700,600.00. Following the completion of the sale, the chairman now owns 322,790 shares of the company’s stock, valued at approximately $11,307,333.70. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.20% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of the business. Westwood Holdings Group Inc. boosted its stake in Douglas Dynamics by 336.5% during the 2nd quarter. Westwood Holdings Group Inc. now owns 630,684 shares of the auto parts company’s stock valued at $20,749,000 after purchasing an additional 486,195 shares during the period. DF Dent & Co. Inc. boosted its stake in Douglas Dynamics by 1.4% during the 2nd quarter. DF Dent & Co. Inc. now owns 56,392 shares of the auto parts company’s stock valued at $1,855,000 after purchasing an additional 788 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Douglas Dynamics by 2.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,735 shares of the auto parts company’s stock valued at $584,000 after purchasing an additional 485 shares during the period. State Street Corp boosted its stake in Douglas Dynamics by 1.8% during the 2nd quarter. State Street Corp now owns 435,955 shares of the auto parts company’s stock valued at $14,344,000 after purchasing an additional 7,771 shares during the period. Finally, Punch & Associates Investment Management Inc. boosted its stake in Douglas Dynamics by 2.0% during the 2nd quarter. Punch & Associates Investment Management Inc. now owns 472,377 shares of the auto parts company’s stock valued at $15,541,000 after purchasing an additional 9,308 shares during the period. 89.36% of the stock is owned by hedge funds and other institutional investors.
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Shares of Douglas Dynamics (NYSE:PLOW) traded down 0.42% on Tuesday, hitting $35.20. The stock had a trading volume of 95,373 shares. Douglas Dynamics has a 12-month low of $25.23 and a 12-month high of $37.50. The firm has a market cap of $795.17 million, a price-to-earnings ratio of 27.94 and a beta of 1.11. The stock has a 50 day moving average of $33.14 and a 200 day moving average of $31.62.
Douglas Dynamics Company Profile
Douglas Dynamics, Inc is a manufacturer and up-fitter of commercial vehicle attachments and equipment. The Company’s portfolio includes snow and ice management attachments sold under the BLIZZARD, FISHER, HENDERSON, SNOWEX and WESTERN brands, turf care equipment under the TURFEX brand and industrial maintenance equipment under the SWEEPEX brand.
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