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

The Shyft Group (NASDAQ:SHYF) is expected to be announcing its earnings results before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $0.14 per share and revenue of $211.90 million for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

The Shyft Group Trading Up 0.9 %

Shares of SHYF stock opened at $12.52 on Thursday. The Shyft Group has a 12-month low of $9.81 and a 12-month high of $17.56. The company has a current ratio of 1.82, a quick ratio of 1.16 and a debt-to-equity ratio of 0.44. The firm’s 50 day moving average is $11.90 and its 200 day moving average is $12.70. The stock has a market capitalization of $431.81 million, a P/E ratio of -104.33 and a beta of 1.66.

The Shyft Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Thursday, February 27th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.60%. The ex-dividend date is Thursday, February 27th. The Shyft Group’s dividend payout ratio is currently -166.67%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on SHYF shares. Roth Mkm restated a “buy” rating and issued a $16.00 target price on shares of The Shyft Group in a report on Tuesday, December 17th. DA Davidson upgraded shares of The Shyft Group from a “neutral” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Wednesday, January 15th.

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.