FY2024 Earnings Forecast for NFI Group Inc. (TSE:NFI) Issued By Stifel Canada

NFI Group Inc. (TSE:NFI) – Stifel Canada decreased their FY2024 EPS estimates for shares of NFI Group in a research note issued to investors on Monday, October 7th. Stifel Canada analyst D. Young now forecasts that the company will earn $0.19 per share for the year, down from their previous estimate of $0.25. The consensus estimate for NFI Group’s current full-year earnings is $1.28 per share.

NFI Group (TSE:NFI) last announced its quarterly earnings results on Wednesday, July 31st. The company reported C$0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.02 by C$0.02. NFI Group had a negative return on equity of 8.17% and a negative net margin of 1.59%. The business had revenue of C$1.16 billion during the quarter, compared to analyst estimates of C$1.15 billion.

A number of other research analysts also recently weighed in on the stock. Cibc World Mkts upgraded shares of NFI Group from a “strong sell” rating to a “hold” rating in a report on Friday, August 2nd. Stifel Nicolaus upped their price target on NFI Group from C$18.00 to C$23.00 in a research note on Tuesday, August 6th. CIBC raised NFI Group from an “underperform” rating to a “neutral” rating and upped their target price for the stock from C$12.50 to C$20.00 in a research report on Friday, August 2nd. ATB Capital boosted their price objective on shares of NFI Group from C$18.00 to C$22.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Finally, National Bankshares lifted their target price on shares of NFI Group from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$22.00.

NFI Group Price Performance

Shares of NFI opened at C$17.17 on Wednesday. The company has a debt-to-equity ratio of 164.92, a quick ratio of 0.55 and a current ratio of 1.74. The firm has a market cap of C$2.04 billion, a PE ratio of -39.02, a PEG ratio of -0.07 and a beta of 1.41. NFI Group has a twelve month low of C$10.89 and a twelve month high of C$19.55. The firm’s 50 day moving average price is C$18.59 and its 200 day moving average price is C$15.95.

Insider Buying and Selling

In other NFI Group news, Senior Officer Jason Michael Pellaers sold 2,145 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of C$18.78, for a total value of C$40,283.10. 0.62% of the stock is currently owned by insiders.

About NFI Group

NFI Group Inc, together with its subsidiaries, manufactures and sells buses in North America, the United Kingdom, rest of Europe, and the Asia Pacific. It operates through Manufacturing Operations and Aftermarket Operations segments. The Manufacturing Operations segment design, manufacture, service, and support transit buses, coaches, medium-duty shuttles, and low floor cutaway buses.