FY2025 EPS Estimate for The Shyft Group Decreased by Analyst

The Shyft Group, Inc. (NASDAQ:SHYF) – Stock analysts at DA Davidson cut their FY2025 EPS estimates for The Shyft Group in a report released on Tuesday, February 25th. DA Davidson analyst M. Shlisky now anticipates that the company will earn $0.72 per share for the year, down from their previous estimate of $0.90. DA Davidson currently has a “Buy” rating and a $15.00 target price on the stock. The consensus estimate for The Shyft Group’s current full-year earnings is $0.68 per share.

Separately, Roth Mkm reiterated a “buy” rating and issued a $16.00 price objective on shares of The Shyft Group in a research report on Tuesday, December 17th.

The Shyft Group Stock Up 1.1 %

Shares of NASDAQ:SHYF opened at $10.68 on Wednesday. The firm has a market capitalization of $373.07 million, a PE ratio of -118.65 and a beta of 1.66. The firm has a fifty day moving average of $11.75 and a 200 day moving average of $12.62. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.16 and a current ratio of 1.82. The Shyft Group has a 52-week low of $9.81 and a 52-week high of $17.56.

The Shyft Group (NASDAQ:SHYF) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.09). The Shyft Group had a positive return on equity of 2.75% and a negative net margin of 0.36%. The firm had revenue of $201.43 million for the quarter, compared to the consensus estimate of $211.90 million.

Institutional Trading of The Shyft Group

Several institutional investors and hedge funds have recently modified their holdings of the company. T. Rowe Price Investment Management Inc. grew its holdings in shares of The Shyft Group by 60.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,240,017 shares of the company’s stock valued at $38,038,000 after purchasing an additional 1,216,701 shares in the last quarter. Ausdal Financial Partners Inc. purchased a new stake in The Shyft Group during the fourth quarter worth $8,789,000. Manatuck Hill Partners LLC lifted its stake in shares of The Shyft Group by 183.3% during the 4th quarter. Manatuck Hill Partners LLC now owns 425,000 shares of the company’s stock worth $4,990,000 after purchasing an additional 275,000 shares during the last quarter. Royce & Associates LP lifted its position in shares of The Shyft Group by 21.4% during the fourth quarter. Royce & Associates LP now owns 1,156,776 shares of the company’s stock valued at $13,581,000 after buying an additional 203,758 shares during the last quarter. Finally, Nuveen Asset Management LLC increased its position in shares of The Shyft Group by 30.3% during the fourth quarter. Nuveen Asset Management LLC now owns 496,516 shares of the company’s stock worth $5,829,000 after purchasing an additional 115,430 shares in the last quarter. 85.84% of the stock is currently owned by institutional investors.

The Shyft Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Thursday, February 27th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date of this dividend is Thursday, February 27th. The Shyft Group’s payout ratio is -222.22%.

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.