The Shyft Group (NASDAQ:SHYF – Get Free Report) updated its FY24 earnings guidance on Thursday. The company provided EPS guidance of $0.35-0.50 for the period, compared to the consensus EPS estimate of $0.39. The company issued revenue guidance of $800-850 million, compared to the consensus revenue estimate of $868.07 million. The Shyft Group also updated its FY 2024 guidance to 0.350-0.500 EPS.
The Shyft Group Stock Up 1.5 %
Shares of NASDAQ:SHYF traded up $0.20 during trading on Friday, reaching $13.79. The stock had a trading volume of 478,105 shares, compared to its average volume of 506,352. The Shyft Group has a one year low of $9.81 and a one year high of $16.49. The company has a market capitalization of $473.96 million, a P/E ratio of -1,379.00 and a beta of 1.66. The company has a current ratio of 1.77, a quick ratio of 1.12 and a debt-to-equity ratio of 0.26. The firm’s 50-day simple moving average is $12.02 and its 200 day simple moving average is $11.59.
The Shyft Group (NASDAQ:SHYF – Get Free Report) last released its quarterly earnings results on Thursday, April 25th. The company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.15. The business had revenue of $197.89 million for the quarter, compared to analysts’ expectations of $183.90 million. The Shyft Group had a negative net margin of 0.30% and a positive return on equity of 1.22%. As a group, research analysts expect that The Shyft Group will post 0.26 EPS for the current fiscal year.
The Shyft Group Dividend Announcement
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.
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