Douglas Dynamics (NYSE:PLOW) Updates FY 2023 Earnings Guidance

Douglas Dynamics (NYSE:PLOW) issued an update on its FY 2023 earnings guidance on Friday morning. The company provided earnings per share guidance of $3.00-3.40 for the period. Douglas Dynamics also updated its FY 2019 guidance to $2.00-2.40 EPS.

PLOW stock opened at $44.27 on Friday. Douglas Dynamics has a twelve month low of $33.54 and a twelve month high of $45.90. The company has a quick ratio of 1.37, a current ratio of 2.52 and a debt-to-equity ratio of 0.89. The stock’s 50 day moving average is $43.18 and its 200-day moving average is $39.89. The firm has a market capitalization of $1.01 billion, a PE ratio of 23.42 and a beta of 0.59.

Douglas Dynamics (NYSE:PLOW) last announced its quarterly earnings results on Monday, August 5th. The auto parts company reported $1.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.12. Douglas Dynamics had a return on equity of 17.35% and a net margin of 9.12%. The company had revenue of $176.40 million during the quarter, compared to analysts’ expectations of $161.77 million. During the same period in the previous year, the business earned $1.02 earnings per share. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. On average, equities research analysts anticipate that Douglas Dynamics will post 2.1 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 20th were paid a dividend of $0.273 per share. This represents a $1.09 annualized dividend and a yield of 2.47%. The ex-dividend date of this dividend was Thursday, September 19th. Douglas Dynamics’s dividend payout ratio (DPR) is currently 57.67%.

A number of research firms have weighed in on PLOW. TheStreet upgraded Douglas Dynamics from a c+ rating to an a- rating in a report on Thursday, August 8th. Zacks Investment Research upgraded Douglas Dynamics from a hold rating to a buy rating and set a $48.00 target price on the stock in a report on Friday, August 16th.

In other news, Chairman James L. Janik sold 9,325 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $44.00, for a total value of $410,300.00. Following the sale, the chairman now directly owns 166,297 shares of the company’s stock, valued at approximately $7,317,068. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman James L. Janik sold 8,603 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $44.03, for a total value of $378,790.09. Following the completion of the sale, the chairman now directly owns 151,605 shares in the company, valued at $6,675,168.15. The disclosure for this sale can be found here. Over the last three months, insiders sold 60,308 shares of company stock worth $2,653,810. Insiders own 2.60% of the company’s stock.

Douglas Dynamics Company Profile

Douglas Dynamics, Inc operates as a manufacturer and upfitter of commercial work truck attachments and equipment primarily in North America. It operates in 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 and heavy duty trucks, as well as various related parts and accessories.

Read More: Mutual funds are not immune from market timing

Receive News & Ratings for Douglas Dynamics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Douglas Dynamics and related companies with MarketBeat.com's FREE daily email newsletter.