NFI Group Inc. to Post FY2024 Earnings of $0.19 Per Share, Stifel Canada Forecasts (TSE:NFI)

NFI Group Inc. (TSE:NFI) – Stock analysts at Stifel Canada lowered their FY2024 earnings estimates for NFI Group in a research report issued on Monday, October 7th. Stifel Canada analyst D. Young now forecasts that the company will post earnings of $0.19 per share for the year, down from their prior forecast of $0.25. The consensus estimate for NFI Group’s current full-year earnings is $1.28 per share.

NFI has been the topic of several other research reports. CIBC raised shares of NFI Group from an “underperform” rating to a “neutral” rating and raised their target price for the company from C$12.50 to C$20.00 in a research note on Friday, August 2nd. ATB Capital boosted their target price on NFI Group from C$18.00 to C$22.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Cibc World Mkts raised NFI Group from a “strong sell” rating to a “hold” rating in a research note on Friday, August 2nd. BMO Capital Markets boosted their price objective on NFI Group from C$15.00 to C$23.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Finally, Stifel Nicolaus raised their target price on NFI Group from C$18.00 to C$23.00 in a research note on Tuesday, August 6th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$22.00.

NFI Group Stock Performance

NFI Group has a 52-week low of C$10.89 and a 52-week high of C$19.55. The firm has a market capitalization of C$2.03 billion, a P/E ratio of -38.80, a PEG ratio of -0.07 and a beta of 1.41. The business’s 50-day simple moving average is C$18.59 and its 200 day simple moving average is C$15.96. The company has a debt-to-equity ratio of 164.92, a quick ratio of 0.55 and a current ratio of 1.74.

NFI Group (TSE:NFI) last announced its quarterly earnings results on Wednesday, July 31st. The company reported C$0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.02 by C$0.02. NFI Group had a negative net margin of 1.59% and a negative return on equity of 8.17%. The company had revenue of C$1.16 billion during the quarter, compared to the consensus estimate of C$1.15 billion.

Insider Buying and Selling at NFI Group

In related news, Senior Officer Jason Michael Pellaers sold 2,145 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of C$18.78, for a total value of C$40,283.10. Corporate insiders own 0.62% of the company’s stock.

NFI Group Company Profile

NFI Group Inc, together with its subsidiaries, manufactures and sells buses in North America, the United Kingdom, rest of Europe, and the Asia Pacific. It operates through Manufacturing Operations and Aftermarket Operations segments. The Manufacturing Operations segment design, manufacture, service, and support transit buses, coaches, medium-duty shuttles, and low floor cutaway buses.