Raymond James Forecasts Enerflex's FY2024 Earnings (TSE:EFX)

Enerflex Ltd. (TSE:EFX - Free Report) - Equities research analysts at Raymond James increased their FY2024 earnings estimates for shares of Enerflex in a report released on Tuesday, October 15th. Raymond James analyst M. Barth now forecasts that the company will post earnings of $0.19 per share for the year, up from their prior estimate of $0.14. The consensus estimate for Enerflex's current full-year earnings is $0.73 per share.

Enerflex (TSE:EFX - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The company reported C$0.05 EPS for the quarter, missing the consensus estimate of C$0.08 by C($0.03). Enerflex had a negative return on equity of 9.39% and a negative net margin of 4.30%. The business had revenue of C$840.09 million for the quarter, compared to the consensus estimate of C$761.73 million.

Other research analysts have also recently issued research reports about the company. TD Securities lifted their price objective on Enerflex from C$11.00 to C$12.00 and gave the company a "buy" rating in a research note on Tuesday, October 8th. BMO Capital Markets raised their price target on Enerflex from C$10.00 to C$11.00 in a report on Thursday, August 8th. Finally, ATB Capital dropped their price target on shares of Enerflex from C$12.50 to C$12.00 in a research note on Wednesday, August 21st. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Enerflex currently has a consensus rating of "Moderate Buy" and a consensus price target of C$10.67.

Enerflex Stock Up 0.9 %

Shares of EFX stock traded up C$0.08 during trading hours on Friday, hitting C$9.06. 243,314 shares of the company's stock traded hands, compared to its average volume of 287,568. The company has a quick ratio of 1.20, a current ratio of 1.27 and a debt-to-equity ratio of 93.84. The stock has a market cap of C$1.12 billion, a price-to-earnings ratio of -7.88 and a beta of 1.71. The stock's fifty day simple moving average is C$8.07 and its two-hundred day simple moving average is C$7.66. Enerflex has a 12-month low of C$5.44 and a 12-month high of C$9.23.

Enerflex Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Wednesday, October 2nd were paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 1.10%. The ex-dividend date was Thursday, August 22nd. Enerflex's dividend payout ratio is currently -8.70%.

About Enerflex

Enerflex Ltd. offers energy infrastructure and energy transition solutions to natural gas markets in North America, Latin America, and the Eastern Hemisphere. The company provides natural gas compression infrastructure, processing, and treated water infrastructure under contract to oil and natural gas customers; power generation rental solutions; custom and standard compression packages for reciprocating and screw compressor applications; re-engineering, re-configuration, and re-packaging of compressors for various field applications; integrated turnkey power generation, gas compression, processing facilities, natural gas compression, processing, and electric power solutions; after-market mechanical services and parts distribution, as well as maintenance solutions to the oil and natural gas industry, operations, and overhaul services; and equipment supply, parts supply, and general asset management.