FY2024 EPS Estimate for Douglas Dynamics Reduced by Analyst

Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) - Investment analysts at Sidoti Csr reduced their FY2024 EPS estimates for shares of Douglas Dynamics in a research report issued to clients and investors on Tuesday, October 29th. Sidoti Csr analyst G. Burns now anticipates that the auto parts company will post earnings of $1.30 per share for the year, down from their prior forecast 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.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last issued its quarterly earnings data on Monday, July 29th. The auto parts company reported $1.03 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $199.90 million for the quarter, compared to the consensus estimate of $181.30 million. During the same quarter in the previous year, the firm earned $1.00 EPS.

PLOW has been the topic of a number of other research reports. StockNews.com downgraded shares of Douglas Dynamics from a "buy" rating to a "hold" rating in a research report on Thursday. Robert W. Baird dropped their target price on shares of Douglas Dynamics from $30.00 to $26.00 and set a "neutral" rating on the stock in a research report on Wednesday.

Douglas Dynamics Stock Up 1.4 %

Shares of Douglas Dynamics stock traded up $0.31 on Friday, reaching $22.96. The stock had a trading volume of 233,752 shares, compared to its average volume of 220,141. The company has a 50 day moving average price of $27.03 and a 200 day moving average price of $25.36. 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 has a 1 year low of $21.31 and a 1 year high of $31.39. The stock has a market capitalization of $530.15 million, a P/E ratio of 9.85, a P/E/G ratio of 1.10 and a beta of 1.18.

Institutional Trading of Douglas Dynamics

Institutional investors and hedge funds have recently bought and sold shares of the business. CWM LLC lifted its stake in shares of Douglas Dynamics by 20,250.0% in the 2nd quarter. CWM LLC now owns 2,849 shares of the auto parts company's stock valued at $67,000 after purchasing an additional 2,835 shares during the period. Blue Trust Inc. acquired a new position in shares of Douglas Dynamics in the 2nd quarter valued at $100,000. SG Americas Securities LLC acquired a new position in shares of Douglas Dynamics in the 2nd quarter valued at $117,000. Point72 Asset Management L.P. lifted its stake in shares of Douglas Dynamics by 113.6% in the 2nd quarter. Point72 Asset Management L.P. now owns 6,836 shares of the auto parts company's stock valued at $160,000 after purchasing an additional 3,636 shares during the period. Finally, Quantbot Technologies LP acquired a new position in shares of Douglas Dynamics in the 1st quarter valued at $196,000. 91.85% of the stock is currently owned by institutional investors and hedge funds.

Douglas Dynamics Announces Dividend

The business also recently announced 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 annualized dividend and a yield of 5.14%. The ex-dividend date of this dividend was Monday, September 16th. Douglas Dynamics's dividend payout ratio is presently 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.