FY2024 EPS Estimates for Enerflex Lifted by Raymond James

Enerflex Ltd. (TSE:EFX) – Equities research analysts at Raymond James increased their FY2024 earnings estimates for Enerflex in a report released on Tuesday, October 15th. Raymond James analyst M. Barth now expects that the company will post earnings per share of $0.19 for the year, up from their previous forecast of $0.14. The consensus estimate for Enerflex’s current full-year earnings is $0.73 per share.

Enerflex (TSE:EFX) last released its quarterly earnings results on Wednesday, August 7th. The company reported C$0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.08 by C($0.03). Enerflex had a negative return on equity of 9.39% and a negative net margin of 4.30%. The firm had revenue of C$840.09 million during the quarter, compared to analysts’ expectations of C$761.73 million.

Several other research firms also recently commented on EFX. TD Securities lifted their price objective on shares of Enerflex from C$11.00 to C$12.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. ATB Capital decreased their price objective on shares of Enerflex from C$12.50 to C$12.00 in a research report on Wednesday, August 21st. Finally, BMO Capital Markets upped their price objective on shares of Enerflex from C$10.00 to C$11.00 in a research report on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Enerflex presently has a consensus rating of “Moderate Buy” and a consensus price target of C$10.67.

Enerflex Price Performance

TSE EFX opened at C$9.06 on Friday. The firm’s fifty day simple moving average is C$8.07 and its two-hundred day simple moving average is C$7.66. The company has a current ratio of 1.27, a quick ratio of 1.20 and a debt-to-equity ratio of 93.84. Enerflex has a 12-month low of C$5.44 and a 12-month high of C$9.23. The firm has a market capitalization of C$1.12 billion, a P/E ratio of -7.88 and a beta of 1.71.

Enerflex Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Wednesday, October 2nd were paid a dividend of $0.025 per share. The ex-dividend date was Thursday, August 22nd. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.10%. Enerflex’s dividend payout ratio is currently -8.70%.

About Enerflex

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.