Douglas Dynamics (NYSE:PLOW) Updates FY 2024 Earnings Guidance

Douglas Dynamics (NYSE:PLOW - Get Free Report) issued an update on its FY 2024 earnings guidance on Monday morning. The company provided EPS guidance of 1.200-1.600 for the period, compared to the consensus EPS estimate of 1.550. The company issued revenue guidance of $570.0 million-$600.0 million, compared to the consensus revenue estimate of $605.5 million.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Douglas Dynamics from a "hold" rating to a "buy" rating in a report on Wednesday, October 23rd.

Douglas Dynamics Stock Performance

PLOW traded up $0.40 during trading hours on Monday, hitting $26.06. The company's stock had a trading volume of 143,188 shares, compared to its average volume of 216,455. The company has a current ratio of 2.03, a quick ratio of 1.04 and a debt-to-equity ratio of 0.73. Douglas Dynamics has a fifty-two week low of $21.31 and a fifty-two week high of $31.39. The company has a 50-day simple moving average of $27.21 and a 200 day simple moving average of $25.37. The firm has a market capitalization of $601.73 million, a PE ratio of 22.08, a PEG ratio of 1.22 and a beta of 1.18.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last posted its quarterly earnings data on Monday, July 29th. The auto parts company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.48. The business had revenue of $199.90 million during the quarter, compared to the consensus estimate of $181.30 million. Douglas Dynamics had a net margin of 5.03% and a return on equity of 13.38%. During the same quarter in the prior year, the company posted $1.00 earnings per share. As a group, sell-side analysts expect that Douglas Dynamics will post 1.5 EPS for the current year.

Douglas Dynamics Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 4.53%. The ex-dividend date of this dividend was Monday, September 16th. Douglas Dynamics's dividend payout ratio (DPR) is presently 100.00%.

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.

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