FY2024 EPS Estimates for Douglas Dynamics Cut by Sidoti Csr

Douglas Dynamics, Inc. (NYSE:PLOW) – Analysts at Sidoti Csr decreased their FY2024 earnings per share (EPS) estimates for Douglas Dynamics in a research report issued on Tuesday, October 29th. Sidoti Csr analyst G. Burns now anticipates that the auto parts company will post earnings per share of $1.30 for the year, down from their prior estimate of $1.50. The consensus estimate for Douglas Dynamics’ current full-year earnings is $1.50 per share. Sidoti Csr also issued estimates for Douglas Dynamics’ Q4 2024 earnings at $0.35 EPS, Q1 2025 earnings at ($0.17) EPS, Q4 2025 earnings at $0.63 EPS and FY2025 earnings at $1.64 EPS.

A number of other equities research analysts also recently issued reports on the company. Robert W. Baird reduced their price target on Douglas Dynamics from $30.00 to $26.00 and set a “neutral” rating on the stock in a research report on Wednesday. StockNews.com cut shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a research report on Thursday.

Douglas Dynamics Price Performance

Shares of Douglas Dynamics stock opened at $22.66 on Friday. The company has a 50-day simple moving average of $27.03 and a two-hundred day simple moving average of $25.36. Douglas Dynamics has a twelve month low of $21.31 and a twelve month high of $31.39. The stock has a market capitalization of $523.22 million, a price-to-earnings ratio of 9.85, a price-to-earnings-growth ratio of 1.10 and a beta of 1.18. The company has a quick ratio of 1.04, a current ratio of 2.14 and a debt-to-equity ratio of 0.56.

Douglas Dynamics (NYSE:PLOW) last announced its earnings results 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. Douglas Dynamics had a net margin of 9.89% and a return on equity of 12.68%. The company had revenue of $199.90 million during the quarter, compared to analysts’ expectations of $181.30 million. During the same quarter in the previous year, the business posted $1.00 earnings per share.

Douglas Dynamics Dividend Announcement

The firm also recently declared 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. The ex-dividend date was Monday, September 16th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 5.21%. Douglas Dynamics’s dividend payout ratio (DPR) is currently 51.30%.

Institutional Trading of Douglas Dynamics

Several large investors have recently bought and sold shares of PLOW. Harbor Capital Advisors Inc. grew its holdings in shares of Douglas Dynamics by 149.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 353,532 shares of the auto parts company’s stock valued at $9,750,000 after purchasing an additional 211,573 shares during the last quarter. BluePath Capital Management LLC bought a new stake in Douglas Dynamics during the 3rd quarter worth $604,000. Allspring Global Investments Holdings LLC raised its position in Douglas Dynamics by 1.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,420,408 shares of the auto parts company’s stock valued at $66,755,000 after purchasing an additional 36,797 shares during the last quarter. CWM LLC boosted its stake in shares of Douglas Dynamics by 42.2% during the third quarter. CWM LLC now owns 4,050 shares of the auto parts company’s stock valued at $112,000 after purchasing an additional 1,201 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of Douglas Dynamics by 58.6% during the third quarter. SG Americas Securities LLC now owns 7,964 shares of the auto parts company’s stock worth $220,000 after purchasing an additional 2,943 shares during the last quarter. 91.85% of the stock is owned by institutional investors and hedge funds.

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.