Douglas Dynamics (NYSE:PLOW) Issues FY 2021 Earnings Guidance

Douglas Dynamics (NYSE:PLOW) updated its FY 2021 earnings guidance on Monday. The company provided EPS guidance of 1.200-2.000 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.680. The company issued revenue guidance of $505 million-$565 million, compared to the consensus revenue estimate of $527.13 million.

A number of equities analysts recently weighed in on the stock. TheStreet lowered shares of Douglas Dynamics from a b- rating to a c+ rating in a research report on Monday, April 5th. Robert W. Baird upgraded shares of Douglas Dynamics from a neutral rating to an outperform rating and upped their target price for the stock from $38.00 to $52.00 in a research report on Wednesday, February 3rd. Craig Hallum upped their target price on shares of Douglas Dynamics from $38.00 to $45.00 and gave the stock a hold rating in a research report on Wednesday, February 24th. Finally, Zacks Investment Research upgraded shares of Douglas Dynamics from a strong sell rating to a hold rating in a research report on Wednesday, April 28th.

Douglas Dynamics stock traded down $0.09 during mid-day trading on Monday, reaching $42.82. 1,602 shares of the company’s stock traded hands, compared to its average volume of 81,195. The company has a market cap of $982.93 million, a price-to-earnings ratio of -10.39 and a beta of 0.87. The stock has a 50 day moving average of $45.84 and a two-hundred day moving average of $43.78. The company has a quick ratio of 1.84, a current ratio of 3.19 and a debt-to-equity ratio of 1.42. Douglas Dynamics has a 12-month low of $27.03 and a 12-month high of $51.44.

Douglas Dynamics (NYSE:PLOW) last released its quarterly earnings results on Sunday, May 2nd. The auto parts company reported $0.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.18) by $0.22. The company had revenue of $103.34 million for the quarter, compared to the consensus estimate of $77.10 million. Douglas Dynamics had a negative net margin of 19.32% and a positive return on equity of 9.82%. Douglas Dynamics’s revenue was up 51.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.34) earnings per share. As a group, sell-side analysts forecast that Douglas Dynamics will post 0.93 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 31st. Investors of record on Friday, March 19th were paid a dividend of $0.285 per share. This is an increase from Douglas Dynamics’s previous quarterly dividend of $0.28. The ex-dividend date was Thursday, March 18th. This represents a $1.14 dividend on an annualized basis and a yield of 2.66%. Douglas Dynamics’s dividend payout ratio is presently 49.35%.

In other news, CEO Robert L. Mccormick sold 8,414 shares of the stock in a transaction on Wednesday, March 10th. The shares were sold at an average price of $49.29, for a total value of $414,726.06. Following the sale, the chief executive officer now owns 22,071 shares of the company’s stock, valued at $1,087,879.59. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.30% of the stock is owned by corporate insiders.

About Douglas Dynamics

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.

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