Douglas Dynamics (NYSE:PLOW) Issues FY24 Earnings Guidance

Douglas Dynamics (NYSE:PLOW) updated its FY24 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.20-1.70 for the period, compared to the consensus estimate of $1.43. The company issued revenue guidance of $600-640 million, compared to the consensus revenue estimate of $615.92 million. Douglas Dynamics also updated its FY 2024 guidance to 1.200-1.700 EPS.

Analysts Set New Price Targets

Several brokerages recently commented on PLOW. DA Davidson reissued a buy rating and set a $31.00 target price on shares of Douglas Dynamics in a report on Tuesday, April 30th. StockNews.com raised Douglas Dynamics from a hold rating to a buy rating in a research note on Wednesday. Finally, Robert W. Baird reaffirmed a neutral rating and set a $25.00 target price (down previously from $36.00) on shares of Douglas Dynamics in a research note on Monday, April 8th.

Douglas Dynamics Price Performance

NYSE:PLOW traded down $0.89 during trading hours on Friday, reaching $27.69. 10,771 shares of the company’s stock were exchanged, compared to its average volume of 239,562. The company has a quick ratio of 0.60, a current ratio of 2.06 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $639.36 million, a P/E ratio of 24.37, a price-to-earnings-growth ratio of 1.59 and a beta of 1.17. Douglas Dynamics has a 12 month low of $21.31 and a 12 month high of $33.19. The business’s 50-day simple moving average is $24.07 and its two-hundred day simple moving average is $24.31.

Douglas Dynamics (NYSE:PLOW) last released its quarterly earnings data on Monday, July 29th. The auto parts company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.48. The business had revenue of $199.90 million during the quarter, compared to analyst estimates of $181.30 million. Douglas Dynamics had a return on equity of 13.49% and a net margin of 5.03%. During the same period last year, the company posted $1.00 EPS. Sell-side analysts expect that Douglas Dynamics will post 1.3 EPS for the current fiscal year.

Douglas Dynamics Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 17th were issued a dividend of $0.295 per share. The ex-dividend date of this dividend was Monday, June 17th. This represents a $1.18 annualized dividend and a yield of 4.26%. Douglas Dynamics’s payout ratio is presently 100.86%.

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.