The Shyft Group (SHYF) to Release Quarterly Earnings on Thursday

The Shyft Group (NASDAQ:SHYF) will issue its quarterly earnings data before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of ($0.18) per share for the quarter. The Shyft Group has set its FY 2024 guidance at 0.280-0.510 EPS and its FY24 guidance at $0.28-0.51 EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

The Shyft Group (NASDAQ:SHYF) last posted its quarterly earnings data on Thursday, February 22nd. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.03. The Shyft Group had a net margin of 0.74% and a return on equity of 4.91%. The firm had revenue of $202.33 million for the quarter, compared to analysts’ expectations of $205.40 million. On average, analysts expect The Shyft Group to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

The Shyft Group Trading Down 0.7 %

NASDAQ SHYF opened at $11.03 on Wednesday. The Shyft Group has a twelve month low of $9.81 and a twelve month high of $27.36. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.99 and a current ratio of 1.57. The stock has a market cap of $378.66 million, a price-to-earnings ratio of 61.28 and a beta of 1.67. The firm’s 50 day moving average price is $11.23 and its two-hundred day moving average price is $11.56.

The Shyft Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Friday, February 16th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend was Thursday, February 15th. The Shyft Group’s payout ratio is 111.12%.

Insider Buying and Selling at The Shyft Group

In related news, CEO John Albert Dunn bought 4,545 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was bought at an average price of $11.00 per share, with a total value of $49,995.00. Following the purchase, the chief executive officer now directly owns 35,894 shares of the company’s stock, valued at approximately $394,834. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.54% of the company’s stock.

Wall Street Analyst Weigh In

Separately, DA Davidson decreased their target price on shares of The Shyft Group from $13.00 to $12.00 and set a “neutral” rating for the company in a research note on Tuesday, February 27th. Three equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $14.00.

The Shyft Group Company Profile

The Shyft Group, Inc engages in the manufacture and assembly of specialty vehicles for the commercial and recreational vehicle industries in the United States and internationally. It operates in two segments, Fleet Vehicles and Services, and Specialty Vehicles. The Fleet Vehicles and Services segment offers commercial vehicles used in the e-commerce/last mile/parcel delivery, beverage and grocery delivery, laundry and linen, mobile retail, and trades and construction industries.