Enerflex (EFXT) Set to Announce Quarterly Earnings on Tuesday

Enerflex (NYSE:EFXT) is scheduled to be announcing its earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.06 per share for the quarter.

Enerflex (NYSE:EFXT) last posted its quarterly earnings data on Wednesday, February 28th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.16). The business had revenue of $574.61 million during the quarter, compared to analyst estimates of $583.70 million. Enerflex had a positive return on equity of 0.11% and a negative net margin of 3.47%. On average, analysts expect Enerflex to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Enerflex Stock Down 3.0 %

Shares of Enerflex stock traded down $0.18 during trading on Tuesday, reaching $5.86. The company’s stock had a trading volume of 47,492 shares, compared to its average volume of 219,890. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.89. The company has a market cap of $726.41 million, a price-to-earnings ratio of -9.15 and a beta of 2.44. Enerflex has a 1-year low of $3.94 and a 1-year high of $8.36. The company has a 50-day simple moving average of $5.89 and a two-hundred day simple moving average of $5.04.

Enerflex Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, March 13th will be paid a dividend of $0.0184 per share. The ex-dividend date is Tuesday, March 12th. This represents a $0.07 dividend on an annualized basis and a dividend yield of 1.26%. This is a positive change from Enerflex’s previous quarterly dividend of $0.02. Enerflex’s dividend payout ratio (DPR) is presently -10.61%.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets upgraded Enerflex from a “market perform” rating to an “outperform” rating in a research note on Thursday, February 29th.

Enerflex Company Profile

Enerflex Ltd. offers energy infrastructure and energy transition solutions to natural gas markets in North America, Latin America, and the Eastern Hemisphere. The company provides natural gas compression infrastructure, processing, and treated water infrastructure under contract to oil and natural gas customers; power generation rental solutions; custom and standard compression packages for reciprocating and screw compressor applications; re-engineering, re-configuration, and re-packaging of compressors for various field applications; integrated turnkey power generation, gas compression, processing facilities, natural gas compression, processing, and electric power solutions; after-market mechanical services and parts distribution, as well as maintenance solutions to the oil and natural gas industry, operations, and overhaul services; and equipment supply, parts supply, and general asset management.