FY2024 EPS Estimates for China Yuchai International Limited Cut by Analyst (NYSE:CYD)

China Yuchai International Limited (NYSE:CYD) – Equities research analysts at Greenridge Global decreased their FY2024 earnings estimates for shares of China Yuchai International in a research note issued on Wednesday, June 19th. Greenridge Global analyst W. Gregozeski now forecasts that the company will post earnings per share of $1.07 for the year, down from their prior forecast of $1.09. The consensus estimate for China Yuchai International’s current full-year earnings is $1.09 per share.

Separately, StockNews.com started coverage on China Yuchai International in a research report on Thursday. They set a “buy” rating for the company.

China Yuchai International Stock Down 1.3 %

China Yuchai International stock opened at $8.93 on Friday. The company has a current ratio of 1.59, a quick ratio of 1.20 and a debt-to-equity ratio of 0.06. China Yuchai International has a 1-year low of $7.83 and a 1-year high of $12.50. The firm has a 50-day moving average of $8.45 and a 200-day moving average of $8.52.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Shah Capital Management boosted its stake in shares of China Yuchai International by 2.1% during the 1st quarter. Shah Capital Management now owns 4,192,772 shares of the company’s stock valued at $35,764,000 after purchasing an additional 84,265 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in China Yuchai International by 3.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 70,475 shares of the company’s stock worth $712,000 after buying an additional 2,605 shares during the period. Finally, Verity Asset Management Inc. bought a new stake in China Yuchai International during the 1st quarter valued at approximately $175,000.

China Yuchai International Company Profile

China Yuchai International Limited, through its subsidiaries, manufactures, assembles, and sells diesel and natural gas engines for trucks, buses and passenger vehicles, marine, industrial, construction, agriculture, and generator set applications in the People's Republic of China and internationally.