Douglas Dynamics (NYSE:PLOW) Issues FY24 Earnings Guidance

Douglas Dynamics (NYSE:PLOW - Get Free Report) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided EPS guidance of $1.20-1.60 for the period, compared to the consensus EPS estimate of $1.55. The company issued revenue guidance of $570-600 million, compared to the consensus revenue estimate of $605.47 million.

Douglas Dynamics Stock Down 11.9 %

Douglas Dynamics stock traded down $3.09 during midday trading on Tuesday, hitting $22.97. 664,780 shares of the company were exchanged, compared to its average volume of 218,602. The company's fifty day moving average price is $27.12 and its 200-day moving average price is $25.38. The company has a market cap of $530.38 million, a PE ratio of 19.47, a price-to-earnings-growth ratio of 1.22 and a beta of 1.18. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.03 and a quick ratio of 1.04. Douglas Dynamics has a fifty-two week low of $21.31 and a fifty-two week high of $31.39.

Douglas Dynamics (NYSE:PLOW - Get Free Report) 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 return on equity of 13.38% and a net margin of 5.03%. The company had revenue of $199.90 million for the quarter, compared to analyst estimates of $181.30 million. During the same period in the prior year, the company posted $1.00 EPS. On average, research analysts predict that Douglas Dynamics will post 1.5 EPS for the current fiscal year.

Douglas Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 5.14%. The ex-dividend date was Monday, September 16th. Douglas Dynamics's payout ratio is 100.00%.

Analyst Upgrades and Downgrades

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

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.