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

The Shyft Group (NASDAQ:SHYF) will announce its earnings results before the market opens on Thursday, October 24th. Analysts expect the company to announce earnings of $0.13 per share for the quarter. The Shyft Group has set its FY24 guidance at $0.35-0.50 EPS and its FY 2024 guidance at 0.350-0.500 EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

The Shyft Group (NASDAQ:SHYF) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.09. The company had revenue of $192.80 million during the quarter, compared to the consensus estimate of $201.49 million. The Shyft Group had a negative net margin of 0.30% and a positive return on equity of 1.22%. The company’s revenue for the quarter was down 14.3% on a year-over-year basis. During the same period last year, the firm earned $0.22 EPS. 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 Stock Performance

Shares of SHYF stock opened at $12.44 on Thursday. The stock has a fifty day moving average price of $12.86 and a 200 day moving average price of $12.42. The stock has a market cap of $427.61 million, a PE ratio of -1,244.00 and a beta of 1.65. The Shyft Group has a 1 year low of $9.81 and a 1 year high of $17.56. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.19 and a current ratio of 1.86.

The Shyft Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Friday, August 16th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date was Friday, August 16th. The Shyft Group’s dividend payout ratio (DPR) is presently -2,000.00%.

Analyst Upgrades and Downgrades

Separately, DA Davidson raised shares of The Shyft Group from a “neutral” rating to a “buy” rating and raised their price target for the stock from $12.00 to $18.00 in a research note on Monday, July 29th.

About The Shyft Group

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.