The Shyft Group FY2026 EPS Forecast Increased by DA Davidson

The Shyft Group, Inc. (NASDAQ:SHYF - Free Report) - Equities research analysts at DA Davidson upped their FY2026 earnings estimates for The Shyft Group in a report released on Friday, April 25th. DA Davidson analyst M. Shlisky now expects that the company will post earnings per share of $1.06 for the year, up from their previous estimate of $1.03. DA Davidson has a "Buy" rating and a $15.00 price target on the stock. The consensus estimate for The Shyft Group's current full-year earnings is $0.68 per share.

The Shyft Group Stock Up 2.6 %

NASDAQ:SHYF traded up $0.23 during mid-day trading on Monday, hitting $8.97. The company had a trading volume of 29,605 shares, compared to its average volume of 290,656. The business has a fifty day simple moving average of $8.63 and a 200-day simple moving average of $11.19. The firm has a market capitalization of $313.17 million, a price-to-earnings ratio of -100.17 and a beta of 1.83. The Shyft Group has a 1 year low of $6.82 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.

The Shyft Group (NASDAQ:SHYF - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.14 by ($0.09). The Shyft Group had a negative net margin of 0.36% and a positive return on equity of 2.75%. The business had revenue of $201.43 million during the quarter, compared to analysts' expectations of $211.90 million.

The Shyft Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 16th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $0.20 annualized dividend and a dividend yield of 2.23%. The Shyft Group's payout ratio is currently 2,000.00%.

Hedge Funds Weigh In On The Shyft Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. T. Rowe Price Investment Management Inc. lifted its position in shares of The Shyft Group by 60.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,240,017 shares of the company's stock worth $38,038,000 after purchasing an additional 1,216,701 shares in the last quarter. Vanguard Group Inc. lifted its holdings in The Shyft Group by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 1,773,705 shares of the company's stock worth $20,823,000 after buying an additional 13,263 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in The Shyft Group by 5.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,295,359 shares of the company's stock worth $15,207,000 after buying an additional 70,269 shares in the last quarter. Zuckerman Investment Group LLC boosted its position in The Shyft Group by 1.4% in the 4th quarter. Zuckerman Investment Group LLC now owns 1,294,886 shares of the company's stock valued at $14,762,000 after buying an additional 17,787 shares during the last quarter. Finally, Royce & Associates LP grew its stake in shares of The Shyft Group by 21.4% during the fourth quarter. Royce & Associates LP now owns 1,156,776 shares of the company's stock valued at $13,581,000 after acquiring an additional 203,758 shares in the last quarter. Hedge funds and other institutional investors 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.