Douglas Dynamics (NYSE:PLOW – Get Free Report) updated its FY 2024 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of 1.200-1.600 for the period, compared to the consensus 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
A number of research firms have issued reports on PLOW. StockNews.com downgraded shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a report on Thursday. Robert W. Baird reduced their price objective on shares of Douglas Dynamics from $30.00 to $26.00 and set a “neutral” rating for the company in a research report on Wednesday.
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Douglas Dynamics Price Performance
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 the consensus estimate of $0.55 by $0.48. The business had revenue of $199.90 million during the quarter, compared to analyst estimates of $181.30 million. Douglas Dynamics had a net margin of 5.03% and a return on equity of 13.38%. During the same period in the previous year, the business posted $1.00 earnings per share. As a group, sell-side analysts anticipate that Douglas Dynamics will post 1.5 earnings per share for the current year.
Douglas Dynamics Announces Dividend
The firm 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. The ex-dividend date was Monday, September 16th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 5.21%. Douglas Dynamics’s payout ratio is 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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