Douglas Dynamics, Inc. (NYSE:PLOW) Forecasted to Earn Q3 2024 Earnings of $0.46 Per Share

Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) - Research analysts at Sidoti Csr decreased their Q3 2024 EPS estimates for shares of Douglas Dynamics in a research note issued on Tuesday, April 30th. Sidoti Csr analyst G. Burns now expects that the auto parts company will post earnings per share of $0.46 for the quarter, down from their previous forecast of $0.49. The consensus estimate for Douglas Dynamics' current full-year earnings is $1.46 per share. Sidoti Csr also issued estimates for Douglas Dynamics' FY2024 earnings at $1.30 EPS, Q1 2025 earnings at ($0.21) EPS, Q2 2025 earnings at $0.75 EPS and Q4 2025 earnings at $0.73 EPS.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last posted its quarterly earnings results on Monday, February 26th. The auto parts company reported $0.29 EPS for the quarter, topping analysts' consensus estimates of $0.17 by $0.12. Douglas Dynamics had a net margin of 4.90% and a return on equity of 12.95%. The business had revenue of $134.25 million during the quarter, compared to analysts' expectations of $134.00 million.

Several other brokerages have also issued reports on PLOW. DA Davidson reiterated a "buy" rating and issued a $31.00 price target on shares of Douglas Dynamics in a report on Tuesday. Robert W. Baird reiterated a "neutral" rating and issued a $25.00 target price (down from $36.00) on shares of Douglas Dynamics in a report on Monday, April 8th.

Douglas Dynamics Stock Up 0.9 %

Shares of PLOW traded up $0.21 during trading hours on Friday, hitting $23.54. The stock had a trading volume of 163,197 shares, compared to its average volume of 252,853. Douglas Dynamics has a 1-year low of $21.35 and a 1-year high of $35.39. The firm has a market capitalization of $543.54 million, a P/E ratio of 19.93, a price-to-earnings-growth ratio of 1.11 and a beta of 1.14. The firm has a 50 day simple moving average of $23.46 and a 200-day simple moving average of $26.09. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.06 and a quick ratio of 1.01.

Douglas Dynamics Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 18th were paid a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 5.01%. The ex-dividend date of this dividend was Friday, March 15th. Douglas Dynamics's dividend payout ratio (DPR) is presently 100.86%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. D.B. Root & Company LLC boosted its holdings in Douglas Dynamics by 5.2% during the third quarter. D.B. Root & Company LLC now owns 15,250 shares of the auto parts company's stock worth $460,000 after purchasing an additional 750 shares during the last quarter. New York State Common Retirement Fund boosted its stake in shares of Douglas Dynamics by 11.7% in the 4th quarter. New York State Common Retirement Fund now owns 9,265 shares of the auto parts company's stock worth $275,000 after buying an additional 971 shares during the last quarter. Swiss National Bank grew its holdings in shares of Douglas Dynamics by 2.4% in the third quarter. Swiss National Bank now owns 50,600 shares of the auto parts company's stock valued at $1,527,000 after acquiring an additional 1,200 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new stake in shares of Douglas Dynamics during the fourth quarter valued at approximately $50,000. Finally, Simplex Trading LLC bought a new stake in Douglas Dynamics during the fourth quarter worth $57,000. Institutional investors own 91.85% of the company's stock.

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.