The Shyft Group, Inc. (NASDAQ:SHYF - Free Report) - Equities researchers at DA Davidson upped their FY2025 earnings estimates for shares of The Shyft Group in a research report issued to clients and investors on Tuesday, April 30th. DA Davidson analyst M. Shlisky now forecasts that the company will post earnings per share of $0.77 for the year, up from their prior forecast of $0.73. DA Davidson has a "Neutral" rating and a $12.00 price target on the stock. The consensus estimate for The Shyft Group's current full-year earnings is $0.28 per share.
The Shyft Group Stock Down 1.3 %
NASDAQ SHYF traded down $0.14 during trading hours on Wednesday, hitting $10.74. 166,485 shares of the company's stock were exchanged, compared to its average volume of 283,499. The Shyft Group has a 1-year low of $9.81 and a 1-year high of $27.36. 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 stock has a 50-day simple moving average of $11.20 and a 200 day simple moving average of $11.43.
The Shyft Group (NASDAQ:SHYF - Get Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.03. The company had revenue of $202.33 million during the quarter, compared to analysts' expectations of $205.40 million. The Shyft Group had a net margin of 0.01% and a return on equity of 2.76%.
Institutional Trading of The Shyft Group
A number of institutional investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC purchased a new position in shares of The Shyft Group in the 1st quarter worth about $176,000. Olstein Capital Management L.P. boosted its stake in The Shyft Group by 16.3% in the first quarter. Olstein Capital Management L.P. now owns 285,000 shares of the company's stock worth $3,540,000 after buying an additional 40,000 shares in the last quarter. PNC Financial Services Group Inc. grew its position in The Shyft Group by 101.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 535,539 shares of the company's stock valued at $6,544,000 after acquiring an additional 270,284 shares during the last quarter. Orchard Capital Management LLC raised its stake in shares of The Shyft Group by 5.5% during the fourth quarter. Orchard Capital Management LLC now owns 548,643 shares of the company's stock worth $6,704,000 after acquiring an additional 28,664 shares in the last quarter. Finally, Aristides Capital LLC purchased a new stake in shares of The Shyft Group in the 4th quarter valued at $250,000. 85.84% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at The Shyft Group
In other news, CEO John Albert Dunn purchased 4,545 shares of the company's stock in a transaction that occurred on Monday, February 26th. The shares were bought at an average cost of $11.00 per share, with a total value of $49,995.00. Following the completion of the transaction, the chief executive officer now directly owns 35,894 shares of the company's stock, valued at $394,834. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.54% of the stock is currently owned by company insiders.
The Shyft Group Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Friday, February 16th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date was Thursday, February 15th. The Shyft Group's dividend payout ratio is currently -2,000.00%.
About The Shyft Group
(
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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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