Douglas Dynamics (NYSE:PLOW) Releases FY 2024 Earnings Guidance

Douglas Dynamics (NYSE:PLOW) updated its FY 2024 earnings guidance on Monday. The company provided earnings per share guidance of 1.200-1.600 for the period, compared to the consensus earnings per share estimate of 1.550. The company issued revenue guidance of $570.0 million-$600.0 million, compared to the consensus revenue estimate of $605.5 million.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Douglas Dynamics from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd.

Douglas Dynamics Trading Down 8.3 %

Shares of NYSE PLOW traded down $2.15 during mid-day trading on Tuesday, hitting $23.91. The stock had a trading volume of 48,376 shares, compared to its average volume of 215,500. The firm has a market cap of $552.08 million, a P/E ratio of 20.26, a price-to-earnings-growth ratio of 1.22 and a beta of 1.18. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.04 and a current ratio of 2.03. The business has a 50 day moving average price of $27.21 and a two-hundred day moving average price of $25.37. Douglas Dynamics has a 1 year low of $21.31 and a 1 year high of $31.39.

Douglas Dynamics (NYSE:PLOW) last released its quarterly earnings data on Monday, July 29th. The auto parts company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.48. The firm had revenue of $199.90 million for the quarter, compared to analysts’ expectations of $181.30 million. Douglas Dynamics had a net margin of 5.03% and a return on equity of 13.38%. During the same quarter in the previous year, the company earned $1.00 earnings per share. On average, equities analysts anticipate that Douglas Dynamics will post 1.5 EPS for the current fiscal year.

Douglas Dynamics Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a yield of 4.94%. The ex-dividend date of this dividend was Monday, September 16th. Douglas Dynamics’s payout ratio is 100.00%.

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.