Revenue Update on Douglas Dynamics Inc(NYSE:PLOW)

Douglas Dynamics Inc(NYSE:PLOW) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 1, 2016. Company reported revenue of $113.76M. Analysts estimated a revenue of $96.87M. Earnings per share were $0.71. Analysts had estimated an EPS of $0.45.

In a different note, On Jul 6, 2016, Seaport Global said it Downgrades its rating on Douglas Dynamics Inc. The shares have been rated ‘Neutral’ by the firm. On May 24, 2016, Seaport Global said it Upgrades its rating on Douglas Dynamics Inc. The shares have been rated ‘Buy’ by the firm.

Douglas Dynamics Inc (PLOW) made into the market gainers list on Mondays trading session with the shares advancing 0.13% or 0.04 points. Due to strong positive momentum, the stock ended at $31.87, which is also near the day’s high of $31.99. The stock began the session at $31.77 and the volume stood at 1,21,615 shares. The 52-week high of the shares is $32 and the 52 week low is $16.89. The company has a current market capitalization of $717 M and it has 2,25,01,640 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Mar 8, 2016, Robert J Young (VP, Controller & Treasurer) sold 1,674 shares at $21.30 per share price.Also, 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.

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