The Shyft Group (SHYF) Set to Announce Quarterly Earnings on Thursday

The Shyft Group (NASDAQ:SHYF) is scheduled to issue its quarterly earnings data before the market opens on Thursday, October 24th. Analysts expect the company to announce earnings of $0.13 per share for the quarter. The Shyft Group has set its FY24 guidance at $0.35-0.50 EPS and its FY 2024 guidance at 0.350-0.500 EPS.Investors that wish to register for the company’s conference call can do so using this link.

The Shyft Group (NASDAQ:SHYF) last issued its earnings results on Thursday, July 25th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.09. The company had revenue of $192.80 million during the quarter, compared to analyst estimates of $201.49 million. The Shyft Group had a positive return on equity of 1.22% and a negative net margin of 0.30%. The firm’s quarterly revenue was down 14.3% on a year-over-year basis. During the same quarter last year, the business posted $0.22 EPS. On average, analysts expect The Shyft Group to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

The Shyft Group Stock Up 0.6 %

Shares of SHYF stock opened at $12.44 on Thursday. The company has a current ratio of 1.86, a quick ratio of 1.19 and a debt-to-equity ratio of 0.26. The stock has a 50 day moving average of $12.86 and a 200 day moving average of $12.42. The Shyft Group has a twelve month low of $9.81 and a twelve month high of $17.56. The stock has a market cap of $427.61 million, a P/E ratio of -1,244.00 and a beta of 1.65.

The Shyft Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Friday, August 16th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend was Friday, August 16th. The Shyft Group’s dividend payout ratio is currently -2,000.00%.

Analyst Upgrades and Downgrades

Separately, DA Davidson raised shares of The Shyft Group from a “neutral” rating to a “buy” rating and upped their target price for the company from $12.00 to $18.00 in a research report on Monday, July 29th.

About The Shyft Group

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.