Q3 2024 Earnings Forecast for Douglas Dynamics, Inc. Issued By Sidoti Csr (NYSE:PLOW)

Douglas Dynamics, Inc. (NYSE:PLOW) – Analysts at Sidoti Csr dropped their Q3 2024 earnings per share (EPS) estimates for shares of Douglas Dynamics in a research note issued to investors on Tuesday, April 30th. Sidoti Csr analyst G. Burns now expects that the auto parts company will post earnings per share of $0.46 for the quarter, down from their prior forecast of $0.49. The consensus estimate for Douglas Dynamics’ current full-year earnings is $1.46 per share. Sidoti Csr also issued estimates for Douglas Dynamics’ FY2024 earnings at $1.30 EPS, Q1 2025 earnings at ($0.21) EPS, Q2 2025 earnings at $0.75 EPS and Q4 2025 earnings at $0.73 EPS.

Douglas Dynamics (NYSE:PLOW) 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 the consensus estimate of $0.17 by $0.12. The business 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 12.95% and a net margin of 4.90%.

PLOW has been the subject of several other research reports. DA Davidson reiterated a “buy” rating and issued a $31.00 price objective on shares of Douglas Dynamics in a research note on Tuesday. Robert W. Baird restated a “neutral” rating and set a $25.00 target price (down previously from $36.00) on shares of Douglas Dynamics in a research note on Monday, April 8th.

Douglas Dynamics Stock Performance

Shares of PLOW opened at $23.32 on Friday. The stock has a 50-day simple moving average of $23.46 and a 200-day simple moving average of $26.09. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.01 and a current ratio of 2.06. The stock has a market capitalization of $538.34 million, a PE ratio of 19.93, a PEG ratio of 1.11 and a beta of 1.14. Douglas Dynamics has a 1 year low of $21.35 and a 1 year high of $35.39.

Douglas Dynamics Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders 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 5.06%. The ex-dividend date was Friday, March 15th. Douglas Dynamics’s dividend payout ratio is currently 100.86%.

Institutional Investors Weigh In On Douglas Dynamics

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PLOW. D.B. Root & Company LLC raised its stake in shares of Douglas Dynamics by 5.2% during the third quarter. D.B. Root & Company LLC now owns 15,250 shares of the auto parts company’s stock worth $460,000 after purchasing an additional 750 shares during the last quarter. New York State Common Retirement Fund raised its position in Douglas Dynamics by 11.7% in the fourth quarter. New York State Common Retirement Fund now owns 9,265 shares of the auto parts company’s stock worth $275,000 after acquiring an additional 971 shares in the last quarter. Swiss National Bank raised its position in Douglas Dynamics by 2.4% in the third quarter. Swiss National Bank now owns 50,600 shares of the auto parts company’s stock worth $1,527,000 after acquiring an additional 1,200 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new position in Douglas Dynamics in the fourth quarter worth $50,000. Finally, Simplex Trading LLC purchased a new position in Douglas Dynamics in the fourth quarter worth $57,000. Hedge funds and other institutional investors own 91.85% of the company’s stock.

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.