Q3 2024 EPS Estimates for Douglas Dynamics, Inc. Lowered by Sidoti Csr (NYSE:PLOW)

Douglas Dynamics, Inc. (NYSE:PLOW) – Sidoti Csr dropped their Q3 2024 earnings estimates for Douglas Dynamics in a report released on Tuesday, April 30th. Sidoti Csr analyst G. Burns now expects that the auto parts company will earn $0.46 per share for the quarter, down from their previous estimate 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 released its quarterly earnings results on Monday, February 26th. The auto parts company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $134.00 million.

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

Douglas Dynamics Price Performance

PLOW stock opened at $23.54 on Friday. Douglas Dynamics has a 1 year low of $21.35 and a 1 year high of $35.39. The company has a market cap of $543.54 million, a P/E ratio of 19.93, a PEG ratio of 1.11 and a beta of 1.14. The firm has a 50-day moving average of $23.46 and a 200 day moving average of $26.09. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.06 and a quick ratio of 1.01.

Douglas Dynamics Dividend Announcement

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

Hedge Funds Weigh In On Douglas Dynamics

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC increased its stake in shares of Douglas Dynamics by 1.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,371,391 shares of the auto parts company’s stock valued at $70,383,000 after purchasing an additional 26,423 shares in the last quarter. Conestoga Capital Advisors LLC grew its holdings in shares of Douglas Dynamics by 16.6% during the fourth quarter. Conestoga Capital Advisors LLC now owns 2,191,913 shares of the auto parts company’s stock valued at $65,056,000 after buying an additional 311,799 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Douglas Dynamics by 0.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 902,805 shares of the auto parts company’s stock valued at $26,796,000 after buying an additional 8,194 shares during the last quarter. William Blair Investment Management LLC grew its holdings in shares of Douglas Dynamics by 3.0% during the third quarter. William Blair Investment Management LLC now owns 721,639 shares of the auto parts company’s stock valued at $21,779,000 after buying an additional 20,973 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. grew its holdings in shares of Douglas Dynamics by 32.2% during the third quarter. Punch & Associates Investment Management Inc. now owns 364,773 shares of the auto parts company’s stock valued at $11,009,000 after buying an additional 88,804 shares during the last quarter. 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.