Douglas Dynamics (NYSE:PLOW – Get Free Report) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 1.200-1.700 for the period, compared to the consensus estimate of 1.420. The company issued revenue guidance of $600.0 million-$640.0 million, compared to the consensus revenue estimate of $613.7 million. Douglas Dynamics also updated its FY24 guidance to $1.20-1.70 EPS.
Douglas Dynamics Price Performance
Shares of Douglas Dynamics stock traded down $1.82 during trading on Wednesday, hitting $28.90. 414,084 shares of the company’s stock traded hands, compared to its average volume of 240,147. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.06 and a quick ratio of 0.60. The firm’s fifty day moving average price is $24.01 and its 200 day moving average price is $24.28. Douglas Dynamics has a twelve month low of $21.31 and a twelve month high of $35.39. The company has a market cap of $667.19 million, a PE ratio of 24.70, a PEG ratio of 1.45 and a beta of 1.17.
Douglas Dynamics (NYSE:PLOW – Get Free Report) last issued its earnings results on Monday, July 29th. The auto parts company reported $1.03 earnings per share 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 13.49%. The business had revenue of $199.90 million for the quarter, compared to analyst estimates of $181.30 million. During the same period in the previous year, the business earned $1.00 EPS. Analysts forecast that Douglas Dynamics will post 1.3 earnings per share for the current year.
Douglas Dynamics Dividend Announcement
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on PLOW shares. DA Davidson reissued a buy rating and set a $31.00 price target on shares of Douglas Dynamics in a report on Tuesday, April 30th. Robert W. Baird reissued a neutral rating and set a $25.00 price target (down from $36.00) on shares of Douglas Dynamics in a report on Monday, April 8th. Finally, StockNews.com raised shares of Douglas Dynamics from a hold rating to a buy rating in a report on Wednesday.
Check Out Our Latest Stock Report on PLOW
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.
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