The Shyft Group (NASDAQ:SHYF – Get Free Report) released its quarterly earnings results on Thursday. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.09, Briefing.com reports. The firm had revenue of $192.80 million for the quarter, compared to the consensus estimate of $201.49 million. The Shyft Group had a negative net margin of 0.30% and a positive return on equity of 1.22%. The firm’s quarterly revenue was down 14.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.22 EPS. The Shyft Group updated its FY24 guidance to $0.35-0.50 EPS and its FY 2024 guidance to 0.350-0.500 EPS.
The Shyft Group Stock Up 1.5 %
Shares of SHYF traded up $0.20 during midday trading on Friday, hitting $13.79. The company had a trading volume of 478,105 shares, compared to its average volume of 506,352. The company’s 50 day moving average price is $12.02 and its 200 day moving average price is $11.59. The stock has a market cap of $473.96 million, a price-to-earnings ratio of -1,379.00 and a beta of 1.66. The Shyft Group has a 52 week low of $9.81 and a 52 week high of $16.49. The company has a quick ratio of 1.12, a current ratio of 1.77 and a debt-to-equity ratio of 0.26.
The Shyft Group Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Friday, May 17th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.45%. The ex-dividend date was Thursday, May 16th. The Shyft Group’s payout ratio is currently -2,000.00%.
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.
Recommended Stories
- Five stocks we like better than The Shyft Group
- Biggest Stock Losers – Today’s Biggest Percentage Decliners
- Is Crypto Cool Again? What Stocks You Should Be Watching
- How to Invest in Small Cap Stocks
- Why Call Options Volume for These 2 Stocks Spiked Together
- Are Penny Stocks a Good Fit for Your Portfolio?
- MarketBeat Week in Review – 7/22 – 7/26
Receive News & Ratings for The Shyft Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Shyft Group and related companies with MarketBeat.com's FREE daily email newsletter.
