Analysts Offer Predictions for NFI Group Inc.’s Q3 2024 Earnings (TSE:NFI)

NFI Group Inc. (TSE:NFI) – Equities researchers at Atb Cap Markets reduced their Q3 2024 EPS estimates for shares of NFI Group in a research report issued on Monday, October 7th. Atb Cap Markets analyst C. Murray now anticipates that the company will post earnings per share of $0.00 for the quarter, down from their prior forecast of $0.06. The consensus estimate for NFI Group’s current full-year earnings is $1.28 per share. Atb Cap Markets also issued estimates for NFI Group’s Q4 2024 earnings at $0.11 EPS, FY2024 earnings at ($0.04) EPS, Q1 2025 earnings at $0.09 EPS, Q3 2025 earnings at $0.35 EPS, Q4 2025 earnings at $0.66 EPS and FY2025 earnings at $1.30 EPS.

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

Several other equities research analysts have also issued reports on NFI. Stifel Nicolaus raised their target price on shares of NFI Group from C$18.00 to C$23.00 in a report on Tuesday, August 6th. CIBC upgraded shares of NFI Group from an “underperform” rating to a “neutral” rating and raised their target price for the stock from C$12.50 to C$20.00 in a report on Friday, August 2nd. ATB Capital lifted their price objective on shares of NFI Group from C$18.00 to C$22.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. BMO Capital Markets boosted their price objective on shares of NFI Group from C$15.00 to C$23.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Finally, National Bankshares boosted their price objective on shares of NFI Group from C$21.00 to C$22.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, NFI Group presently has an average rating of “Moderate Buy” and a consensus target price of C$22.00.

NFI Group Price Performance

NFI Group stock opened at C$17.60 on Thursday. The firm has a 50-day moving average price of C$18.59 and a 200-day moving average price of C$15.96. The firm has a market capitalization of C$2.09 billion, a PE ratio of -40.00, a price-to-earnings-growth ratio of -0.07 and a beta of 1.41. The company has a current ratio of 1.74, a quick ratio of 0.55 and a debt-to-equity ratio of 164.92. NFI Group has a 12-month low of C$10.89 and a 12-month high of C$19.55.

Insider Buying and Selling at NFI Group

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

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.