Douglas Dynamics (PLOW) Set to Announce Quarterly Earnings on Monday

Douglas Dynamics (NYSE:PLOW) is scheduled to be announcing its earnings results after the market closes on Monday, April 29th. Analysts expect the company to announce earnings of ($0.20) per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Douglas Dynamics (NYSE:PLOW) last released its quarterly earnings data on Monday, February 26th. The auto parts company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.12. The firm had revenue of $134.25 million during the quarter, compared to the consensus estimate of $134.00 million. Douglas Dynamics had a net margin of 4.18% and a return on equity of 10.18%. On average, analysts expect Douglas Dynamics to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Douglas Dynamics Stock Performance

Douglas Dynamics stock opened at $22.00 on Monday. The company has a market cap of $505.56 million, a PE ratio of 22.92, a P/E/G ratio of 1.08 and a beta of 1.14. The company has a fifty day moving average price of $23.88 and a two-hundred day moving average price of $26.54. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.21 and a quick ratio of 1.01. Douglas Dynamics has a 12 month low of $21.42 and a 12 month high of $35.39.

Douglas Dynamics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 18th were issued a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 5.36%. The ex-dividend date was Friday, March 15th. Douglas Dynamics’s dividend payout ratio is presently 122.92%.

Hedge Funds Weigh In On Douglas Dynamics

Several hedge funds and other institutional investors have recently modified their holdings of PLOW. Western Standard LLC acquired a new position in shares of Douglas Dynamics during the second quarter valued at $6,808,000. Medina Value Partners LLC acquired a new position in shares of Douglas Dynamics during the fourth quarter valued at $7,822,000. Citadel Advisors LLC boosted its holdings in shares of Douglas Dynamics by 1,056.2% during the second quarter. Citadel Advisors LLC now owns 75,364 shares of the auto parts company’s stock valued at $2,166,000 after acquiring an additional 68,846 shares during the period. BlackRock Inc. boosted its holdings in shares of Douglas Dynamics by 4.3% during the second quarter. BlackRock Inc. now owns 1,526,572 shares of the auto parts company’s stock valued at $45,614,000 after acquiring an additional 63,188 shares during the period. Finally, Nuveen Asset Management LLC boosted its holdings in shares of Douglas Dynamics by 96.5% during the second quarter. Nuveen Asset Management LLC now owns 128,342 shares of the auto parts company’s stock valued at $3,835,000 after acquiring an additional 63,030 shares during the period. Institutional investors and hedge funds own 91.85% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird reaffirmed a “neutral” rating and issued a $25.00 price objective (down previously from $36.00) on shares of Douglas Dynamics in a report on Monday, April 8th.

Douglas Dynamics Company Profile

Douglas Dynamics, Inc operates as a manufacturer and upfitter of commercial work truck attachments and equipment in North America. It operates through 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 trucks and heavy duty trucks, as well as various related parts and accessories.