Q2 2024 EPS Estimates for Douglas Dynamics, Inc. Reduced by Analyst (NYSE:PLOW)

Douglas Dynamics, Inc. (NYSE:PLOW) – Stock analysts at Sidoti Csr decreased their Q2 2024 earnings per share (EPS) estimates for shares of Douglas Dynamics in a report released on Tuesday, April 30th. Sidoti Csr analyst G. Burns now anticipates that the auto parts company will post earnings of $0.55 per share for the quarter, down from their previous estimate of $0.62. The consensus estimate for Douglas Dynamics’ current full-year earnings is $1.46 per share. Sidoti Csr also issued estimates for Douglas Dynamics’ Q4 2024 earnings at $0.60 EPS and Q3 2025 earnings at $0.64 EPS.

A number of other analysts have also weighed in on PLOW. DA Davidson reiterated a “buy” rating and issued a $31.00 target price on shares of Douglas Dynamics in a research note on Tuesday. Robert W. Baird restated a “neutral” rating and issued a $25.00 target price (down from $36.00) on shares of Douglas Dynamics in a research note on Monday, April 8th.

Douglas Dynamics Price Performance

PLOW stock opened at $23.54 on Thursday. The stock has a market cap of $543.54 million, a PE ratio of 19.93, a P/E/G ratio of 1.11 and a beta of 1.14. Douglas Dynamics has a 12 month low of $21.35 and a 12 month high of $35.39. The company has a 50-day moving average price of $23.46 and a 200 day moving average price of $26.09. The company has a current ratio of 2.06, a quick ratio of 1.01 and a debt-to-equity ratio of 0.82.

Douglas Dynamics (NYSE:PLOW) last posted its quarterly earnings data on Monday, February 26th. The auto parts company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.17 by $0.12. Douglas Dynamics had a net margin of 4.90% and a return on equity of 12.95%. The company had revenue of $134.25 million during the quarter, compared to analyst estimates of $134.00 million.

Douglas Dynamics Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Monday, March 18th were paid a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 5.01%. The ex-dividend date was Friday, March 15th. Douglas Dynamics’s dividend payout ratio (DPR) is presently 100.86%.

Institutional Investors Weigh In On Douglas Dynamics

Several hedge funds have recently modified their holdings of PLOW. Brown Brothers Harriman & Co. purchased a new position in Douglas Dynamics during the fourth quarter valued at approximately $50,000. Simplex Trading LLC purchased a new position in shares of Douglas Dynamics in the 4th quarter valued at $57,000. SG Americas Securities LLC bought a new position in shares of Douglas Dynamics in the 3rd quarter worth $124,000. Quest Partners LLC purchased a new stake in shares of Douglas Dynamics during the 4th quarter worth $150,000. Finally, Quadrature Capital Ltd bought a new stake in Douglas Dynamics during the fourth quarter valued at about $207,000. Hedge funds and other institutional investors own 91.85% 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 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.