Analysts Issue Forecasts for The Shyft Group FY2025 Earnings

The Shyft Group, Inc. (NASDAQ:SHYF - Free Report) - DA Davidson lowered their FY2025 EPS estimates for The Shyft Group in a report issued on Tuesday, February 25th. DA Davidson analyst M. Shlisky now expects that the company will post earnings of $0.72 per share for the year, down from their previous forecast of $0.90. DA Davidson currently has a "Buy" rating and a $15.00 price target on the stock. The consensus estimate for The Shyft Group's current full-year earnings is $0.68 per share.

The Shyft Group (NASDAQ:SHYF - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.09). The firm had revenue of $201.43 million during the quarter, compared to analysts' expectations of $211.90 million. The Shyft Group had a positive return on equity of 2.75% and a negative net margin of 0.36%.

Separately, Roth Mkm restated a "buy" rating and set a $16.00 target price on shares of The Shyft Group in a report on Tuesday, December 17th.

The Shyft Group Trading Down 1.4 %

The Shyft Group stock traded down $0.14 during mid-day trading on Wednesday, reaching $10.02. 296,411 shares of the company traded hands, compared to its average volume of 219,116. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.82 and a quick ratio of 1.16. The firm's 50 day moving average price is $11.66 and its 200 day moving average price is $12.57. The firm has a market capitalization of $350.02 million, a price-to-earnings ratio of -111.32 and a beta of 1.66. The Shyft Group has a 52-week low of $9.81 and a 52-week high of $17.56.

Hedge Funds Weigh In On The Shyft Group

Hedge funds have recently bought and sold shares of the company. Barclays PLC boosted its stake in The Shyft Group by 257.9% in the 3rd quarter. Barclays PLC now owns 45,666 shares of the company's stock worth $573,000 after purchasing an additional 32,906 shares in the last quarter. Kirr Marbach & Co. LLC IN raised its position in The Shyft Group by 32.5% in the 4th quarter. Kirr Marbach & Co. LLC IN now owns 300,901 shares of the company's stock worth $3,533,000 after buying an additional 73,773 shares during the last quarter. Geode Capital Management LLC raised its position in The Shyft Group by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 773,150 shares of the company's stock worth $9,705,000 after buying an additional 9,588 shares during the last quarter. JPMorgan Chase & Co. raised its position in The Shyft Group by 49.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 176,601 shares of the company's stock worth $2,216,000 after buying an additional 58,816 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in The Shyft Group by 76.7% in the 3rd quarter. Franklin Resources Inc. now owns 54,727 shares of the company's stock worth $669,000 after buying an additional 23,761 shares during the last quarter. Institutional investors own 85.84% of the company's stock.

The Shyft Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Thursday, February 27th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend is Thursday, February 27th. The Shyft Group's payout ratio is -222.22%.

The Shyft Group Company Profile

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.