Douglas Dynamics (NYSE:PLOW) Releases FY24 Earnings Guidance

Douglas Dynamics (NYSE:PLOW) updated its FY24 earnings guidance on Tuesday. The company provided earnings per share guidance of $1.20-1.60 for the period, compared to the consensus earnings per share estimate of $1.55. The company issued revenue guidance of $570-600 million, compared to the consensus revenue estimate of $605.47 million.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Robert W. Baird dropped their price objective on Douglas Dynamics from $30.00 to $26.00 and set a “neutral” rating for the company in a research note on Wednesday. StockNews.com lowered shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a report on Thursday.

Douglas Dynamics Stock Down 1.7 %

PLOW traded down $0.40 during trading on Thursday, reaching $22.66. The stock had a trading volume of 442,906 shares, compared to its average volume of 220,076. Douglas Dynamics has a one year low of $21.31 and a one year high of $31.39. The company has a market capitalization of $523.31 million, a price-to-earnings ratio of 9.85, a P/E/G ratio of 1.22 and a beta of 1.18. The company has a current ratio of 2.03, a quick ratio of 1.04 and a debt-to-equity ratio of 0.73. The stock’s 50 day moving average is $27.03 and its two-hundred day moving average is $25.36.

Douglas Dynamics (NYSE:PLOW) last released its earnings results on Monday, July 29th. The auto parts company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.48. Douglas Dynamics had a net margin of 5.03% and a return on equity of 13.38%. The firm had revenue of $199.90 million during the quarter, compared to analyst estimates of $181.30 million. During the same period last year, the business earned $1.00 earnings per share. As a group, analysts expect that Douglas Dynamics will post 1.5 earnings per share for the current year.

Douglas Dynamics Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 5.21%. The ex-dividend date was Monday, September 16th. Douglas Dynamics’s payout ratio is 51.30%.

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.