DA Davidson Reduces Earnings Estimates for The Shyft Group

The Shyft Group, Inc. (NASDAQ:SHYF) – Analysts at DA Davidson reduced their FY2025 EPS estimates for shares of The Shyft Group in a research note issued to investors on Tuesday, February 25th. DA Davidson analyst M. Shlisky now expects that the company will earn $0.72 per share for the year, down from their previous forecast of $0.90. DA Davidson has a “Buy” rating and a $15.00 price target on the stock. The consensus estimate for The Shyft Group’s current full-year earnings is $0.68 per share.

Separately, Roth Mkm reaffirmed a “buy” rating and set a $16.00 price target on shares of The Shyft Group in a research note on Tuesday, December 17th.

The Shyft Group Stock Performance

The Shyft Group stock opened at $10.44 on Wednesday. The business has a 50 day moving average of $11.71 and a 200-day moving average of $12.61. 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 Shyft Group has a 1 year low of $9.81 and a 1 year high of $17.56. The company has a market capitalization of $364.69 million, a P/E ratio of -115.99 and a beta of 1.66.

The Shyft Group (NASDAQ:SHYF) last issued its 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 Shyft Group had a positive return on equity of 2.75% and a negative net margin of 0.36%. The firm had revenue of $201.43 million during the quarter, compared to analyst estimates of $211.90 million.

Institutional Trading of The Shyft Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SHYF. T. Rowe Price Investment Management Inc. lifted its position in shares of The Shyft Group by 60.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,240,017 shares of the company’s stock worth $38,038,000 after purchasing an additional 1,216,701 shares during the period. Ausdal Financial Partners Inc. bought a new stake in The Shyft Group during the fourth quarter valued at $8,789,000. Manatuck Hill Partners LLC grew its holdings in The Shyft Group by 183.3% during the 4th quarter. Manatuck Hill Partners LLC now owns 425,000 shares of the company’s stock worth $4,990,000 after acquiring an additional 275,000 shares during the period. Royce & Associates LP grew its holdings in The Shyft Group by 21.4% during the 4th quarter. Royce & Associates LP now owns 1,156,776 shares of the company’s stock worth $13,581,000 after acquiring an additional 203,758 shares during the period. Finally, Nuveen Asset Management LLC raised its position in shares of The Shyft Group by 30.3% in the 4th quarter. Nuveen Asset Management LLC now owns 496,516 shares of the company’s stock worth $5,829,000 after acquiring an additional 115,430 shares in the last quarter. Institutional investors and hedge funds own 85.84% of the company’s stock.

The Shyft Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Thursday, February 27th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date is Thursday, February 27th. The Shyft Group’s dividend payout ratio is currently -222.22%.

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.