Douglas Dynamics (NYSE:PLOW – Get Free Report) updated its FY24 earnings guidance on Tuesday. The company provided EPS guidance of $1.20-1.70 for the period, compared to the consensus EPS estimate of $1.43. The company issued revenue guidance of $600-640 million, compared to the consensus revenue estimate of $615.92 million. Douglas Dynamics also updated its FY 2024 guidance to 1.200-1.700 EPS.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on PLOW shares. DA Davidson restated a buy rating and set a $31.00 target price on shares of Douglas Dynamics in a research note on Tuesday, April 30th. Robert W. Baird reiterated a neutral rating and issued a $25.00 price target (down from $36.00) on shares of Douglas Dynamics in a report on Monday, April 8th.
Check Out Our Latest Report on PLOW
Douglas Dynamics Price Performance
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 (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.48. The company had revenue of $199.90 million for the quarter, compared to analysts’ expectations of $181.30 million. Douglas Dynamics had a return on equity of 13.49% and a net margin of 5.03%. During the same period in the previous year, the firm posted $1.00 EPS. On average, equities analysts predict that Douglas Dynamics will post 1.3 EPS for the current year.
Douglas Dynamics Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 17th were paid a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date of this dividend was Monday, June 17th. Douglas Dynamics’s dividend payout ratio (DPR) is 100.86%.
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.
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