The Shyft Group (NASDAQ:SHYF – Get Free Report) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 0.280-0.510 for the period, compared to the consensus EPS estimate of 0.390. The company issued revenue guidance of $850.0 million-$900.0 million, compared to the consensus revenue estimate of $864.0 million. The Shyft Group also updated its FY24 guidance to $0.28-0.51 EPS.
The Shyft Group Stock Up 0.3 %
SHYF traded up $0.03 during trading on Friday, reaching $11.26. The stock had a trading volume of 383,774 shares, compared to its average volume of 310,600. The stock’s 50 day moving average is $11.21 and its two-hundred day moving average is $11.53. The company has a current ratio of 1.57, a quick ratio of 0.99 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $386.56 million, a price-to-earnings ratio of -1,126.00 and a beta of 1.67. The Shyft Group has a one year low of $9.81 and a one year high of $27.36.
The Shyft Group (NASDAQ:SHYF – Get Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.03. The business had revenue of $202.33 million during the quarter, compared to the consensus estimate of $205.40 million. The Shyft Group had a return on equity of 2.74% and a net margin of 0.01%. As a group, analysts expect that The Shyft Group will post 0.28 earnings per share for the current year.
The Shyft Group Dividend Announcement
Wall Street Analysts Forecast Growth
Separately, DA Davidson cut their target price on The Shyft Group from $13.00 to $12.00 and set a neutral rating on the stock in a research note on Tuesday, February 27th. Three investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. According to MarketBeat, The Shyft Group has a consensus rating of Moderate Buy and a consensus target price of $14.00.
View Our Latest Stock Report on SHYF
Insider Transactions at The Shyft Group
In other The Shyft Group news, CEO John Albert Dunn acquired 4,545 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were bought at an average cost of $11.00 per share, with a total value of $49,995.00. Following the completion of the transaction, the chief executive officer now directly owns 35,894 shares of the company’s stock, valued at approximately $394,834. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.54% of the company’s stock.
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.
Read More
- Five stocks we like better than The Shyft Group
- 3 Home Improvement Stocks that Can Upgrade Your Portfolio
- MarketBeat Week in Review – 4/22 – 4/26
- How Technical Indicators Can Help You Find Oversold Stocks
- 3 Stocks Leading the U.S. Agriculture Comeback
- How to Evaluate a Stock Before Buying
- How to Use Put Debit Spreads to Profit From Falling Stocks
Receive News & Ratings for The Shyft Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Shyft Group and related companies with MarketBeat.com's FREE daily email newsletter.