FY2025 EPS Estimates for The Shyft Group, Inc. (NASDAQ:SHYF) Lifted by DA Davidson

The Shyft Group, Inc. (NASDAQ:SHYF) – Research analysts at DA Davidson lifted their FY2025 earnings per share (EPS) estimates for The Shyft Group in a report released on Tuesday, July 30th. DA Davidson analyst M. Shlisky now expects that the company will post earnings of $1.01 per share for the year, up from their prior estimate of $0.77. DA Davidson has a “Buy” rating and a $18.00 price objective on the stock. The consensus estimate for The Shyft Group’s current full-year earnings is $0.28 per share.

The Shyft Group (NASDAQ:SHYF) last released its quarterly earnings data on Thursday, July 25th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.07 by $0.09. The Shyft Group had a negative net margin of 0.30% and a positive return on equity of 1.22%. The business had revenue of $192.80 million for the quarter, compared to analyst estimates of $201.49 million. During the same period in the previous year, the firm earned $0.22 EPS. The business’s revenue for the quarter was down 14.3% compared to the same quarter last year.

The Shyft Group Trading Up 1.3 %

Shares of NASDAQ SHYF opened at $16.77 on Thursday. The firm’s 50-day moving average is $12.25 and its two-hundred day moving average is $11.70. The Shyft Group has a 12-month low of $9.81 and a 12-month high of $17.56. The company has a quick ratio of 1.19, a current ratio of 1.86 and a debt-to-equity ratio of 0.26.

The Shyft Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Friday, May 17th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend was Thursday, May 16th. The Shyft Group’s dividend payout ratio (DPR) is presently -2,000.00%.

Institutional Trading of The Shyft Group

Large investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD raised its stake in The Shyft Group by 4.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 30,465 shares of the company’s stock valued at $379,000 after purchasing an additional 1,231 shares during the last quarter. nVerses Capital LLC acquired a new position in shares of The Shyft Group in the second quarter valued at approximately $26,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of The Shyft Group by 31.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,978 shares of the company’s stock valued at $134,000 after buying an additional 2,605 shares during the period. Motco purchased a new position in shares of The Shyft Group during the first quarter valued at approximately $39,000. Finally, CWM LLC boosted its position in The Shyft Group by 260.9% during the second quarter. CWM LLC now owns 4,731 shares of the company’s stock worth $56,000 after acquiring an additional 3,420 shares during the last quarter. Institutional investors and hedge funds own 85.84% of the company’s stock.

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.