The Shyft Group (NASDAQ:SHYF) Issues FY24 Earnings Guidance

The Shyft Group (NASDAQ:SHYF) issued an update on its FY24 earnings guidance on Thursday morning. The company provided EPS guidance of $0.35-0.50 for the period, compared to the consensus EPS estimate of $0.39. The company issued revenue guidance of $800-850 million, compared to the consensus revenue estimate of $868.07 million.

The Shyft Group Trading Down 4.7 %

Shares of The Shyft Group stock opened at $11.64 on Thursday. The Shyft Group has a twelve month low of $9.81 and a twelve month high of $21.45. The company has a current ratio of 1.77, a quick ratio of 1.12 and a debt-to-equity ratio of 0.26. The company has a 50-day simple moving average of $11.97 and a two-hundred day simple moving average of $11.56.

The Shyft Group (NASDAQ:SHYF) last issued its quarterly earnings data on Thursday, April 25th. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.23) by $0.15. The Shyft Group had a net margin of 0.01% and a return on equity of 2.76%. The business had revenue of $197.89 million during the quarter, compared to analysts’ expectations of $183.90 million. Equities research analysts predict that The Shyft Group will post 0.26 EPS for the current year.

The Shyft Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Friday, May 17th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.72%. The ex-dividend date was Thursday, May 16th. The Shyft Group’s dividend payout ratio (DPR) is -2,000.00%.

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.