Enerflex FY2028 EPS Estimate Cut by Raymond James Financial

Key Points

• Raymond James Financial has revised down its FY2028 earnings per share estimate for Enerflex to $1.93, down from a prior estimate of $2.20, while maintaining an "Outperform" rating on the stock.
• Other analysts, including ATB Capital and TD Securities, have increased their price targets for Enerflex, with current estimates ranging from C$17.00 to C$19.00.
• Enerflex announced a quarterly dividend of $0.0375 per share, with an ex-dividend date of August 18th, marking a yield of 1.2%.

Enerflex Ltd. (TSE:EFX - Free Report) - Stock analysts at Raymond James Financial dropped their FY2028 earnings per share (EPS) estimates for shares of Enerflex in a research note issued on Thursday, August 7th. Raymond James Financial analyst M. Barth now expects that the company will post earnings per share of $1.93 for the year, down from their previous forecast of $2.20. Raymond James Financial currently has a "Outperform" rating and a $18.25 price objective on the stock. The consensus estimate for Enerflex's current full-year earnings is $0.73 per share.

Other analysts also recently issued research reports about the company. ATB Capital lifted their price target on Enerflex from C$16.50 to C$19.00 and gave the company an "outperform" rating in a research note on Friday. TD Securities lifted their price target on Enerflex from C$15.00 to C$17.00 and gave the company a "buy" rating in a research note on Friday. Finally, BMO Capital Markets lifted their price target on Enerflex from C$15.00 to C$16.00 and gave the company an "outperform" rating in a research note on Friday. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, Enerflex currently has an average rating of "Moderate Buy" and a consensus target price of C$16.88.

Enerflex Stock Performance

EFX opened at C$12.56 on Monday. The business's 50-day moving average price is C$10.87 and its two-hundred day moving average price is C$10.86. Enerflex has a 1 year low of C$7.23 and a 1 year high of C$15.22. The company has a market capitalization of C$1.56 billion, a price-to-earnings ratio of -13.64 and a beta of 1.71. The company has a debt-to-equity ratio of 81.27, a current ratio of 1.19 and a quick ratio of 1.20.

Insider Buying and Selling at Enerflex

In other news, Senior Officer Gregory Dean Stewart sold 10,130 shares of the firm's stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of C$10.80, for a total value of C$109,437.43. 0.49% of the stock is owned by insiders.

Enerflex Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Tuesday, September 2nd will be issued a $0.0375 dividend. The ex-dividend date is Monday, August 18th. This represents a $0.15 annualized dividend and a dividend yield of 1.2%. Enerflex's dividend payout ratio (DPR) is presently -10.86%.

About Enerflex

Enerflex Ltd engineers, designs, manufactures and provides aftermarket support for equipment, systems, and turnkey facilities used to process and move natural gas from the wellhead to the pipeline. The company's focus is gas compression, where it offers a range of applications and gas inlet streams, from low-horsepower/low-pressure applications such as a coal seam gas and solution gas vapor recovery units to high-horsepower, centralized field, or processing plant compression.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.