Equities Analysts Issue Forecasts for Douglas Dynamics, Inc.’s Q2 2024 Earnings (NYSE:PLOW)

Douglas Dynamics, Inc. (NYSE:PLOW) – Analysts at Sidoti Csr dropped their Q2 2024 earnings per share estimates for Douglas Dynamics in a research note issued to investors on Tuesday, April 30th. Sidoti Csr analyst G. Burns now anticipates that the auto parts company will post earnings of $0.55 per share for the quarter, down from their previous estimate of $0.62. The consensus estimate for Douglas Dynamics’ current full-year earnings is $1.46 per share. Sidoti Csr also issued estimates for Douglas Dynamics’ Q4 2024 earnings at $0.60 EPS and Q3 2025 earnings at $0.64 EPS.

Douglas Dynamics (NYSE:PLOW) last posted its quarterly earnings results on Monday, February 26th. The auto parts company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.12. The company had revenue of $134.25 million during the quarter, compared to analyst estimates of $134.00 million. Douglas Dynamics had a net margin of 4.90% and a return on equity of 12.70%.

A number of other research analysts also recently issued reports on PLOW. Robert W. Baird restated a “neutral” rating and set a $25.00 price target (down previously from $36.00) on shares of Douglas Dynamics in a report on Monday, April 8th. DA Davidson reissued a “buy” rating and set a $31.00 target price on shares of Douglas Dynamics in a research note on Tuesday.

Douglas Dynamics Stock Performance

Shares of NYSE:PLOW opened at $22.62 on Thursday. The company has a current ratio of 2.21, a quick ratio of 1.01 and a debt-to-equity ratio of 0.78. The company has a 50-day moving average price of $23.51 and a 200-day moving average price of $26.13. The company has a market cap of $519.81 million, a price-to-earnings ratio of 19.33, a price-to-earnings-growth ratio of 1.11 and a beta of 1.14. Douglas Dynamics has a 12 month low of $21.35 and a 12 month high of $35.39.

Douglas Dynamics Dividend Announcement

The business 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. The ex-dividend date of this dividend was Friday, March 15th. This represents a $1.18 annualized dividend and a yield of 5.22%. Douglas Dynamics’s dividend payout ratio (DPR) is presently 100.86%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets grew its position in shares of Douglas Dynamics by 260.6% in the 1st quarter. BNP Paribas Financial Markets now owns 90,001 shares of the auto parts company’s stock worth $2,171,000 after buying an additional 65,042 shares during the period. Prosperity Consulting Group LLC bought a new stake in Douglas Dynamics during the first quarter worth about $308,000. Assenagon Asset Management S.A. purchased a new stake in Douglas Dynamics in the first quarter worth about $7,055,000. Olstein Capital Management L.P. bought a new position in shares of Douglas Dynamics during the first quarter valued at approximately $1,061,000. Finally, Quadrature Capital Ltd bought a new position in shares of Douglas Dynamics during the fourth quarter valued at approximately $207,000. Hedge funds and other institutional investors own 91.85% of the company’s stock.

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.