FY2025 EPS Estimate for The Shyft Group Decreased by Analyst

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

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 the consensus estimate of $211.90 million.

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

The Shyft Group Stock Down 2.2 %

The Shyft Group stock opened at $10.44 on Wednesday. The firm has a market capitalization of $364.69 million, a price-to-earnings ratio of -115.99 and a beta of 1.66. The firm’s fifty day moving average price is $11.71 and its two-hundred day moving average price is $12.61. The Shyft Group has a 1-year low of $9.81 and a 1-year 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.

Hedge Funds Weigh In On The Shyft Group

A number of hedge funds have recently bought and sold shares of SHYF. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of The Shyft Group by 4.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,391 shares of the company’s stock valued at $228,000 after purchasing an additional 836 shares in the last quarter. Isthmus Partners LLC lifted its position in shares of The Shyft Group by 0.9% during the 4th quarter. Isthmus Partners LLC now owns 202,463 shares of the company’s stock worth $2,377,000 after buying an additional 1,899 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of The Shyft Group by 77.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,403 shares of the company’s stock valued at $52,000 after acquiring an additional 1,919 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of The Shyft Group by 7.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 33,758 shares of the company’s stock valued at $397,000 after acquiring an additional 2,224 shares during the last quarter. Finally, Centaurus Financial Inc. boosted its position in The Shyft Group by 0.6% in the third quarter. Centaurus Financial Inc. now owns 433,056 shares of the company’s stock worth $5,435,000 after purchasing an additional 2,433 shares during the last quarter. 85.84% of the stock is owned by hedge funds and other institutional investors.

The Shyft Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Thursday, February 27th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend is Thursday, February 27th. The Shyft Group’s dividend payout ratio (DPR) is presently -222.22%.

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.