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 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.

Analysts Set New Price Targets

Several research analysts recently commented on PLOW shares. Robert W. Baird reduced their target price on Douglas Dynamics from $30.00 to $26.00 and set a “neutral” rating for the company in a research report on Wednesday. StockNews.com downgraded shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a report on Thursday.

Douglas Dynamics Price Performance

PLOW stock traded up $0.20 during trading on Friday, hitting $22.85. The company had a trading volume of 25,477 shares, compared to its average volume of 219,158. The company has a current ratio of 2.14, a quick ratio of 1.04 and a debt-to-equity ratio of 0.56. The company has a fifty day moving average price of $27.03 and a two-hundred day moving average price of $25.36. Douglas Dynamics has a fifty-two week low of $21.31 and a fifty-two week high of $31.39. The company has a market cap of $527.61 million, a P/E ratio of 9.85, a P/E/G ratio of 1.10 and a beta of 1.18.

Douglas Dynamics (NYSE:PLOW) last issued its earnings results on Monday, July 29th. The auto parts company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.55 by $0.48. The company had revenue of $199.90 million for the quarter, compared to the consensus estimate of $181.30 million. Douglas Dynamics had a net margin of 9.89% and a return on equity of 12.68%. During the same quarter in the previous year, the company earned $1.00 EPS. Equities research analysts expect that Douglas Dynamics will post 1.5 earnings per share for the current fiscal year.

Douglas Dynamics Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a dividend yield of 5.16%. The ex-dividend date was Monday, September 16th. Douglas Dynamics’s payout ratio is 51.30%.

About Douglas Dynamics

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.