The Shyft Group, Inc. (NASDAQ:SHYF - Get Free Report) announced a quarterly dividend on Saturday, February 22nd, Wall Street Journal reports. Investors of record on Thursday, February 27th will be paid a dividend of 0.05 per share on Friday, March 28th. This represents a $0.20 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date is Thursday, February 27th.
The Shyft Group has increased its dividend by an average of 26.0% per year over the last three years. The Shyft Group has a dividend payout ratio of 18.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect The Shyft Group to earn $0.95 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 21.1%.
The Shyft Group Trading Down 9.9 %
The Shyft Group stock traded down $1.23 during mid-day trading on Friday, reaching $11.17. 293,153 shares of the company traded hands, compared to its average volume of 159,816. The firm's 50 day moving average price is $11.86 and its 200 day moving average price is $12.67. The Shyft Group has a 52-week low of $9.81 and a 52-week high of $17.56. 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 has a market capitalization of $385.25 million, a price-to-earnings ratio of -124.10 and a beta of 1.66.
The Shyft Group (NASDAQ:SHYF - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.14 by ($0.09). The company had revenue of $201.43 million during the quarter, compared to the consensus estimate of $211.90 million. The Shyft Group had a positive return on equity of 2.75% and a negative net margin of 0.36%. On average, analysts anticipate that The Shyft Group will post 0.68 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
SHYF has been the topic of several recent research reports. DA Davidson raised The Shyft Group from a "neutral" rating to a "buy" rating and set a $15.00 price target on the stock in a research note on Wednesday, January 15th. Roth Mkm reiterated a "buy" rating and issued a $16.00 price target on shares of The Shyft Group in a research note on Tuesday, December 17th.
Read Our Latest Stock Analysis on SHYF
The Shyft Group Company Profile
(
Get Free Report)
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.
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