Douglas Dynamics, Inc. to Post Q2 2024 Earnings of $0.55 Per Share, Sidoti Csr Forecasts (NYSE:PLOW)

Douglas Dynamics, Inc. (NYSE:PLOW) – Equities research analysts at Sidoti Csr decreased their Q2 2024 earnings per share (EPS) estimates for Douglas Dynamics in a research report issued to clients and investors on Tuesday, April 30th. Sidoti Csr analyst G. Burns now forecasts that the auto parts company will earn $0.55 per share for the quarter, down from their prior forecast 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.

Douglas Dynamics (NYSE:PLOW) last issued its earnings results 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. Douglas Dynamics had a return on equity of 12.70% and a net margin of 4.90%. The company had revenue of $134.25 million during the quarter, compared to analysts’ expectations of $134.00 million.

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

Douglas Dynamics Trading Down 0.1 %

Shares of PLOW opened at $22.62 on Thursday. Douglas Dynamics has a 12-month low of $21.35 and a 12-month high of $35.39. The firm has a market capitalization of $519.81 million, a P/E ratio of 19.33, a P/E/G ratio of 1.11 and a beta of 1.14. The firm has a 50-day moving average price of $23.51 and a 200 day moving average price of $26.13. 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 18th were paid a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 5.22%. The ex-dividend date of this dividend was Friday, March 15th. Douglas Dynamics’s dividend payout ratio (DPR) is 100.86%.

Institutional Trading of Douglas Dynamics

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in shares of Douglas Dynamics in the third quarter valued at $124,000. Punch & Associates Investment Management Inc. grew its position in Douglas Dynamics by 32.2% in the 3rd quarter. Punch & Associates Investment Management Inc. now owns 364,773 shares of the auto parts company’s stock valued at $11,009,000 after acquiring an additional 88,804 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Douglas Dynamics by 0.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,344,968 shares of the auto parts company’s stock worth $70,771,000 after purchasing an additional 20,522 shares during the period. Diamond Hill Capital Management Inc. lifted its position in shares of Douglas Dynamics by 13.3% during the third quarter. Diamond Hill Capital Management Inc. now owns 175,545 shares of the auto parts company’s stock worth $5,298,000 after purchasing an additional 20,649 shares in the last quarter. Finally, D.B. Root & Company LLC boosted its stake in shares of Douglas Dynamics by 5.2% in the third quarter. D.B. Root & Company LLC now owns 15,250 shares of the auto parts company’s stock valued at $460,000 after purchasing an additional 750 shares during the period. 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.