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.
Douglas Dynamics Price Performance
PLOW stock traded up $0.15 during mid-day trading on Tuesday, hitting $22.64. The stock had a trading volume of 72,894 shares, compared to its average volume of 244,347. The firm has a fifty day simple moving average of $23.55 and a 200 day simple moving average of $26.19. The firm has a market capitalization of $520.27 million, a P/E ratio of 23.43, a P/E/G ratio of 1.09 and a beta of 1.14. The company has a current ratio of 2.21, a quick ratio of 1.01 and a debt-to-equity ratio of 0.78. Douglas Dynamics has a 52 week low of $21.35 and a 52 week high of $35.39.
Douglas Dynamics (NYSE:PLOW – Get Free Report) last issued its earnings results on Monday, February 26th. The auto parts company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.12. Douglas Dynamics had a return on equity of 10.18% and a net margin of 4.18%. The firm had revenue of $134.25 million for the quarter, compared to the consensus estimate of $134.00 million. As a group, research analysts forecast that Douglas Dynamics will post 1.46 EPS for the current year.
Douglas Dynamics Dividend Announcement
Wall Street Analyst Weigh In
Separately, Robert W. Baird reaffirmed a neutral rating and issued a $25.00 price objective (down previously from $36.00) on shares of Douglas Dynamics in a research note on Monday, April 8th.
Check Out Our Latest Stock Analysis on PLOW
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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