Douglas Dynamics (NYSE:PLOW) Updates FY24 Earnings Guidance

Douglas Dynamics (NYSE:PLOW) updated its FY24 earnings guidance on Tuesday. The company provided EPS guidance of $1.20-1.70 for the period, compared to the consensus EPS estimate of $1.49. The company issued revenue guidance of $600-640 million, compared to the consensus revenue estimate of $610.83 million.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Robert W. Baird reiterated a neutral rating and issued a $25.00 price target (down previously from $36.00) on shares of Douglas Dynamics in a report on Monday, April 8th. DA Davidson restated a buy rating and set a $31.00 target price on shares of Douglas Dynamics in a research report on Tuesday.

Douglas Dynamics Stock Performance

NYSE:PLOW traded up $0.19 during trading hours on Tuesday, reaching $22.68. The company had a trading volume of 238,804 shares, compared to its average volume of 246,379. The firm has a market cap of $521.19 million, a PE ratio of 23.90, a price-to-earnings-growth ratio of 1.09 and a beta of 1.14. Douglas Dynamics has a 1-year low of $21.35 and a 1-year high of $35.39. The business’s 50 day moving average price is $23.55 and its 200-day moving average price is $26.19. 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 (NYSE:PLOW) last announced its quarterly earnings results on Monday, February 26th. The auto parts company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.12. Douglas Dynamics had a net margin of 4.18% and a return on equity of 10.18%. The firm had revenue of $134.25 million for the quarter, compared to the consensus estimate of $134.00 million. Research analysts forecast that Douglas Dynamics will post 1.46 EPS for the current year.

Douglas Dynamics Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 18th were issued a dividend of $0.295 per share. The ex-dividend date was Friday, March 15th. This represents a $1.18 annualized dividend and a dividend yield of 5.20%. Douglas Dynamics’s dividend payout ratio is presently 122.92%.

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.