Douglas Dynamics (NYSE:PLOW – Get Free Report) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided EPS guidance of $1.20-1.60 for the period, compared to the consensus EPS estimate of $1.55. The company issued revenue guidance of $570-600 million, compared to the consensus revenue estimate of $605.47 million.
Douglas Dynamics Stock Down 13.1 %
Shares of NYSE PLOW traded down $3.42 during trading on Tuesday, reaching $22.64. 377,521 shares of the stock were exchanged, compared to its average volume of 217,227. The company has a market capitalization of $522.76 million, a price-to-earnings ratio of 19.99, a price-to-earnings-growth ratio of 1.22 and a beta of 1.18. The business’s 50-day moving average price is $27.21 and its 200 day moving average price is $25.37. The company has a quick ratio of 1.04, a current ratio of 2.03 and a debt-to-equity ratio of 0.73. Douglas Dynamics has a twelve month low of $21.31 and a twelve month high of $31.39.
Douglas Dynamics (NYSE:PLOW – Get Free Report) last announced its earnings results on Monday, July 29th. The auto parts company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.48. Douglas Dynamics had a return on equity of 13.38% and a net margin of 5.03%. The company had revenue of $199.90 million for the quarter, compared to analyst estimates of $181.30 million. During the same period in the prior year, the company posted $1.00 EPS. As a group, equities analysts forecast that Douglas Dynamics will post 1.5 EPS for the current fiscal year.
Douglas Dynamics Dividend Announcement
Wall Street Analyst Weigh In
Separately, StockNews.com raised Douglas Dynamics from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd.
Get Our Latest Stock Report on Douglas Dynamics
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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