Q2 2024 EPS Estimates for NFI Group Inc. (TSE:NFI) Increased by Analyst

NFI Group Inc. (TSE:NFI) – Stock analysts at Atb Cap Markets raised their Q2 2024 earnings estimates for shares of NFI Group in a report issued on Sunday, May 5th. Atb Cap Markets analyst C. Murray now anticipates that the company will post earnings of ($0.03) per share for the quarter, up from their previous forecast of ($0.08). The consensus estimate for NFI Group’s current full-year earnings is $0.23 per share. Atb Cap Markets also issued estimates for NFI Group’s Q4 2024 earnings at $0.34 EPS, FY2024 earnings at $0.19 EPS, Q1 2025 earnings at $0.03 EPS, Q2 2025 earnings at $0.19 EPS and FY2025 earnings at $1.26 EPS.

NFI Group (TSE:NFI) last posted its quarterly earnings results on Thursday, February 29th. The company reported C($0.07) earnings per share for the quarter, beating the consensus estimate of C($0.28) by C$0.21. The firm had revenue of C$1.08 billion during the quarter, compared to the consensus estimate of C$1.21 billion. NFI Group had a negative net margin of 3.45% and a negative return on equity of 16.18%.

A number of other brokerages have also commented on NFI. Stifel Canada upgraded shares of NFI Group from a “hold” rating to a “buy” rating in a research note on Monday. National Bankshares lowered their target price on shares of NFI Group from C$20.00 to C$19.00 and set an “outperform” rating on the stock in a report on Monday. Stifel Nicolaus raised NFI Group from a “hold” rating to a “buy” rating and boosted their price objective for the stock from C$15.00 to C$18.00 in a report on Monday. BMO Capital Markets lowered their price objective on NFI Group from C$17.00 to C$15.00 and set an “outperform” rating for the company in a research note on Friday, March 1st. Finally, ATB Capital lifted their target price on NFI Group from C$17.00 to C$18.00 and gave the company an “outperform” rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$19.33.

NFI Group Stock Down 0.7 %

NFI stock opened at C$13.22 on Wednesday. The company has a debt-to-equity ratio of 163.50, a quick ratio of 0.55 and a current ratio of 1.81. NFI Group has a fifty-two week low of C$8.35 and a fifty-two week high of C$14.55. The stock’s 50 day simple moving average is C$11.93 and its 200 day simple moving average is C$12.72. The company has a market cap of C$1.57 billion, a P/E ratio of -9.94, a price-to-earnings-growth ratio of -0.07 and a beta of 1.35.

Insider Activity at NFI Group

In related news, Director Richard Paul Davies acquired 2,570 shares of the stock in a transaction on Thursday, March 28th. The shares were acquired at an average price of C$13.17 per share, with a total value of C$33,846.90. In other news, Director Richard Paul Davies bought 2,570 shares of the stock in a transaction on Thursday, March 28th. The shares were purchased at an average cost of C$13.17 per share, for a total transaction of C$33,846.90. Also, Director Colin Robertson purchased 50,000 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were purchased at an average price of C$11.65 per share, with a total value of C$582,375.00. Over the last 90 days, insiders purchased 64,228 shares of company stock worth $734,754. 0.65% of the stock is owned by company 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.