Douglas Dynamics Inc (PLOW) Releases Earnings Results, Beats Expectations By $0.26 EPS

Douglas Dynamics Inc (PLOW) reported quarterly earnings results on Monday, Aug-1-2016. The company said it had a profit of $0.71 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.26. Analysts had a consensus of $0.45. The company posted revenue of $113.76 million in the period, compared to analysts expectations of $96.90 million. The company’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 EPS.

Many Wall Street Analysts have commented on Douglas Dynamics Inc. Seaport Global Securities Downgraded Douglas Dynamics Inc on Jul 6, 2016 to ” Neutral”, Price Target of the shares are set at $24.Seaport Global Securities Upgraded Douglas Dynamics Inc on May 24, 2016 to ” Buy”, Price Target of the shares are set at $24.

Douglas Dynamics Inc (PLOW) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $26.67 and reached the intraday high at $27.0401. The bulls started the profit booking and pushed the shares to intraday low of $26.67. The trading session was marked by a volume range of 2,10,287 shares exchanging hands. The 52-week high of the shares is $27.0401 and the 52-week low is $16.89. The market cap of the company stands at $603 M and there are 2,25,01,640 shares in public circulation.

In a different news, on Mar 8, 2016, Robert J Young (VP, Controller & Treasurer) sold 1,674 shares at $21.30 per share price. According to the SEC, on Mar 8, 2016, Robert L Mccormick (EVP, CFO and Secretary) sold 10,654 shares at $21.28 per share price. On Mar 8, 2016, James L Janik (Chairman, President and CEO) sold 10,481 shares at $21.30 per share price, according to the Form-4 filing with the securities and exchange commission.

Douglas Dynamics Inc. is a manufacturer of vehicle attachments and equipment. The Company’s portfolio includes snow and ice management attachments sold under the BLIZZARD FISHER SNOWEX and WESTERN brands turf care equipment under the TURFEX brand and industrial maintenance equipment under the SWEEPEX brand. The Company’s product offerings primarily consist of snow and ice control products and accessories. The Company offers a range of snowplows and sand and salt spreaders for light trucks. It also provides a range of related parts and accessories. The Company also provides customized turnkey solutions to governmental agencies such as Departments of Transportation (DOTs) and municipalities. The Company sells its products through a distributor network primarily to professional snowplowers who are contracted to remove snow and ice from commercial municipal and residential areas. The Company’s distribution network worldwide consists of over 2200 points of sale.

Douglas Dynamics Inc

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