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

Douglas Dynamics (NYSE:PLOWGet Free Report) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 1.200-2.100 for the period, compared to the consensus earnings per share estimate of 2.260. The company issued revenue guidance of $600.0 million-$660.0 million, compared to the consensus revenue estimate of $688.6 million.

Douglas Dynamics Trading Down 1.0 %

Douglas Dynamics stock opened at $23.00 on Friday. Douglas Dynamics has a one year low of $22.34 and a one year high of $35.39. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.01 and a current ratio of 2.21. The stock has a market cap of $528.54 million, a PE ratio of 23.96, a price-to-earnings-growth ratio of 1.14 and a beta of 1.14. The stock has a 50-day moving average of $25.17 and a two-hundred day moving average of $27.61.

Douglas Dynamics (NYSE:PLOWGet Free Report) last announced its quarterly earnings data on Monday, February 26th. The auto parts company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.12. The firm had revenue of $134.25 million during the quarter, compared to analysts’ expectations of $134.00 million. Douglas Dynamics had a return on equity of 10.18% and a net margin of 4.18%. On average, research analysts anticipate that Douglas Dynamics will post 1.46 EPS for the current fiscal year.

Douglas Dynamics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Monday, March 18th will be paid a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 5.13%. The ex-dividend date is Friday, March 15th. Douglas Dynamics’s dividend payout ratio is currently 122.92%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Western Standard LLC acquired a new position in Douglas Dynamics during the second quarter worth about $6,808,000. Medina Value Partners LLC acquired a new position in Douglas Dynamics in the 4th quarter valued at about $7,822,000. Citadel Advisors LLC grew its stake in shares of Douglas Dynamics by 1,056.2% in the 2nd quarter. Citadel Advisors LLC now owns 75,364 shares of the auto parts company’s stock valued at $2,166,000 after buying an additional 68,846 shares during the period. BlackRock Inc. increased its holdings in shares of Douglas Dynamics by 4.3% during the 2nd quarter. BlackRock Inc. now owns 1,526,572 shares of the auto parts company’s stock worth $45,614,000 after buying an additional 63,188 shares during the last quarter. Finally, Nuveen Asset Management LLC increased its stake in Douglas Dynamics by 96.5% during the second quarter. Nuveen Asset Management LLC now owns 128,342 shares of the auto parts company’s stock worth $3,835,000 after acquiring an additional 63,030 shares during the last quarter. 88.92% of the stock is owned by institutional investors and hedge funds.

About Douglas Dynamics

(Get Free Report)

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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Earnings History and Estimates for Douglas Dynamics (NYSE:PLOW)

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