Douglas Dynamics (NYSE:PLOW) Issues FY24 Earnings Guidance

Douglas Dynamics (NYSE:PLOW - Get Free Report) updated its FY24 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.20-1.70 for the period, compared to the consensus estimate of $1.49. The company issued revenue guidance of $600-640 million, compared to the consensus revenue estimate of $610.83 million.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Robert W. Baird reaffirmed a neutral rating and set a $25.00 price objective (down from $36.00) on shares of Douglas Dynamics in a research note on Monday, April 8th. DA Davidson reissued a buy rating and set a $31.00 target price on shares of Douglas Dynamics in a research note on Tuesday.

Douglas Dynamics Stock Up 0.7 %

Shares of NYSE PLOW traded up $0.15 during trading hours on Tuesday, hitting $22.64. The stock had a trading volume of 453,627 shares, compared to its average volume of 249,135. The company has a market capitalization of $520.27 million, a P/E ratio of 23.58, a P/E/G ratio of 1.09 and a beta of 1.14. The firm's 50-day moving average price is $23.55 and its two-hundred day moving average price is $26.19. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.01 and a current ratio of 2.21. Douglas Dynamics has a 52 week low of $21.35 and a 52 week high of $35.39.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last released its quarterly earnings data on Monday, February 26th. The auto parts company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.12. Douglas Dynamics had a net margin of 4.18% and a return on equity of 10.18%. The business had revenue of $134.25 million during the quarter, compared to analyst estimates of $134.00 million. Analysts anticipate that Douglas Dynamics will post 1.46 EPS for the current fiscal year.

Douglas Dynamics Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 18th were given a dividend of $0.295 per share. The ex-dividend date was Friday, March 15th. This represents a $1.18 dividend on an annualized basis and a yield of 5.21%. Douglas Dynamics's payout ratio is currently 122.92%.

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.