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

The Shyft Group (NASDAQ:SHYF) is scheduled to be announcing its earnings results before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of ($0.18) per share for the quarter. The Shyft Group has set its FY 2024 guidance at 0.280-0.510 EPS and its FY24 guidance at $0.28-0.51 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 issued its earnings results on Thursday, February 22nd. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.03. The business had revenue of $202.33 million for the quarter, compared to analyst estimates of $205.40 million. The Shyft Group had a return on equity of 4.91% and a net margin of 0.74%. 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 Trading Down 0.7 %

Shares of SHYF opened at $11.03 on Wednesday. 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 firm has a market capitalization of $378.66 million, a P/E ratio of 61.28 and a beta of 1.67. The stock’s fifty day simple moving average is $11.23 and its 200 day simple moving average is $11.56. The Shyft Group has a twelve month low of $9.81 and a twelve month high of $27.36.

The Shyft Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Friday, February 16th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.81%. The ex-dividend date was Thursday, February 15th. The Shyft Group’s dividend payout ratio (DPR) is currently 111.12%.

Wall Street Analyst Weigh In

Separately, DA Davidson lowered their price target on The Shyft Group from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Tuesday, February 27th. Three research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $14.00.

Insider Activity at The Shyft Group

In related news, CEO John Albert Dunn purchased 4,545 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was purchased at an average cost of $11.00 per share, for a total transaction of $49,995.00. Following the acquisition, the chief executive officer now owns 35,894 shares in the company, valued at $394,834. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.54% of the stock is owned by insiders.

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.