Douglas Dynamics (NYSE:PLOW) Releases FY24 Earnings Guidance

Douglas Dynamics (NYSE:PLOW) issued an update on its FY24 earnings guidance on Tuesday morning. 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.

Douglas Dynamics Stock Up 2.5 %

NYSE:PLOW traded up $0.57 on Thursday, hitting $23.19. 195,617 shares of the company’s stock were exchanged, compared to its average volume of 250,804. The firm has a 50-day moving average price of $23.47 and a 200-day moving average price of $26.11. 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 has a 52 week low of $21.35 and a 52 week high of $35.39. The company has a market cap of $532.91 million, a P/E ratio of 19.33, a price-to-earnings-growth ratio of 1.11 and a beta of 1.14.

Douglas Dynamics (NYSE:PLOW) last issued its earnings results on Monday, February 26th. The auto parts company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.12. The company had revenue of $134.25 million for the quarter, compared to analysts’ expectations of $134.00 million. Douglas Dynamics had a net margin of 4.90% and a return on equity of 12.70%. As a group, analysts expect that Douglas Dynamics will post 1.46 EPS for the current fiscal year.

Douglas Dynamics Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders 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 dividend on an annualized basis and a dividend yield of 5.09%. Douglas Dynamics’s payout ratio is 100.86%.

Analysts Set New Price Targets

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

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.