Atb Cap Markets Weighs in on NFI Group Inc.’s Q2 2024 Earnings (TSE:NFI)

NFI Group Inc. (TSE:NFI) – Investment analysts at Atb Cap Markets lifted their Q2 2024 EPS estimates for shares of NFI Group in a report released on Sunday, May 5th. Atb Cap Markets analyst C. Murray now forecasts that the company will post earnings per share of ($0.03) for the quarter, up from their previous estimate of ($0.08). The consensus estimate for NFI Group’s current full-year earnings is $0.23 per share. Atb Cap Markets also issued estimates for NFI Group’s Q4 2024 earnings at $0.34 EPS, FY2024 earnings at $0.19 EPS, Q1 2025 earnings at $0.03 EPS, Q2 2025 earnings at $0.19 EPS and FY2025 earnings at $1.26 EPS.

A number of other equities analysts have also weighed in on NFI. National Bankshares reduced their target price on shares of NFI Group from C$20.00 to C$19.00 and set an “outperform” rating for the company in a research note on Monday. CIBC boosted their target price on NFI Group from C$12.00 to C$12.50 and gave the company an “underperform” rating in a research note on Tuesday. Stifel Canada upgraded shares of NFI Group from a “hold” rating to a “buy” rating in a report on Monday. Stifel Nicolaus upgraded shares of NFI Group from a “hold” rating to a “buy” rating and increased their target price for the stock from C$15.00 to C$18.00 in a report on Monday. Finally, BMO Capital Markets lowered their price target on shares of NFI Group from C$17.00 to C$15.00 and set an “outperform” rating on the stock in a research note on Friday, March 1st. One equities research analyst has rated the stock with a sell rating and seven have given a buy rating to the company. According to MarketBeat, NFI Group has an average rating of “Moderate Buy” and an average price target of C$19.33.

NFI Group Stock Up 5.4 %

TSE:NFI opened at C$14.07 on Wednesday. NFI Group has a 1 year low of C$8.35 and a 1 year high of C$14.55. The stock has a 50-day moving average price of C$11.99 and a two-hundred day moving average price of C$12.73. The stock has a market cap of C$1.67 billion, a price-to-earnings ratio of -10.58, a PEG ratio of -0.07 and a beta of 1.35. The company has a current ratio of 1.81, a quick ratio of 0.55 and a debt-to-equity ratio of 163.50.

NFI Group (TSE:NFI) last posted its earnings results on Thursday, February 29th. The company reported C($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of C($0.28) by C$0.21. NFI Group had a negative return on equity of 16.18% and a negative net margin of 3.45%. The company had revenue of C$1.08 billion during the quarter, compared to analyst estimates of C$1.21 billion.

Insider Buying and Selling at NFI Group

In other NFI Group news, Director Richard Paul Davies acquired 2,570 shares of the stock in a transaction on Thursday, March 28th. The shares were purchased at an average price of C$13.17 per share, for a total transaction of C$33,846.90. In other NFI Group news, Director Colin Robertson bought 50,000 shares of NFI Group stock in a transaction dated Monday, March 11th. The stock was bought at an average cost of C$11.65 per share, with a total value of C$582,375.00. Also, Director Richard Paul Davies purchased 2,570 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The shares were acquired at an average cost of C$13.17 per share, with a total value of C$33,846.90. Over the last quarter, insiders bought 64,228 shares of company stock valued at $734,754. Company insiders own 0.65% of the company’s stock.

NFI Group Company Profile

NFI Group Inc, together with its subsidiaries, manufactures and sells buses in North America, the United Kingdom, rest of Europe, and the Asia Pacific. It operates through Manufacturing Operations and Aftermarket Operations segments. The Manufacturing Operations segment design, manufacture, service, and support transit buses, coaches, medium-duty shuttles, and low floor cutaway buses.