Douglas Dynamics (NYSE:PLOW – Get Free Report) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided EPS guidance of $1.20-1.70 for the period, compared to the consensus EPS estimate of $1.49. The company issued revenue guidance of $600-640 million, compared to the consensus revenue estimate of $610.83 million.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on PLOW shares. Robert W. Baird reissued a neutral rating and issued a $25.00 price objective (down previously from $36.00) on shares of Douglas Dynamics in a report on Monday, April 8th. DA Davidson reiterated a buy rating and set a $31.00 price target on shares of Douglas Dynamics in a research note on Tuesday.
Read Our Latest Stock Analysis on Douglas Dynamics
Douglas Dynamics Stock Performance
Douglas Dynamics (NYSE:PLOW – Get 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, beating analysts’ consensus estimates of $0.17 by $0.12. The company had revenue of $134.25 million during the quarter, compared to the consensus estimate of $134.00 million. Douglas Dynamics had a return on equity of 12.95% and a net margin of 4.90%. Research analysts anticipate that Douglas Dynamics will post 1.46 earnings per share for the current fiscal year.
Douglas Dynamics Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 18th were paid a $0.295 dividend. The ex-dividend date was Friday, March 15th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 5.01%. Douglas Dynamics’s dividend payout ratio (DPR) is presently 100.86%.
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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