Raymond James Financial Predicts Enerflex FY2028 Earnings

Key Points

• Raymond James Financial has revised its FY2028 earnings per share estimate for Enerflex from $1.57 to $1.41, while maintaining an "Outperform" rating on the stock.
• Enerflex recently increased its quarterly dividend from $0.03 to $0.0375 per share, resulting in an annualized yield of 1.6%.
• Institutional investors now hold 46.47% of Enerflex's shares following significant increases from major firms, including a 1,046.0% increase by Bank of America Corp DE.

Enerflex Ltd. (NYSE:EFXT - Free Report) - Equities research analysts at Raymond James Financial reduced their FY2028 earnings per share (EPS) estimates for shares of Enerflex in a report issued on Thursday, August 7th. Raymond James Financial analyst M. Barth now anticipates that the company will post earnings of $1.41 per share for the year, down from their previous estimate of $1.57. Raymond James Financial has a "Outperform" rating on the stock. The consensus estimate for Enerflex's current full-year earnings is $0.25 per share.

Several other research analysts also recently commented on EFXT. Wall Street Zen raised Enerflex from a "hold" rating to a "strong-buy" rating in a research report on Saturday. BMO Capital Markets reaffirmed an "outperform" rating on shares of Enerflex in a research report on Friday. Royal Bank Of Canada lifted their price target on Enerflex from $12.00 to $13.00 and gave the stock an "outperform" rating in a research report on Friday. Finally, CIBC dropped their price target on Enerflex from $10.00 to $9.25 and set a "neutral" rating on the stock in a research report on Friday, May 9th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $11.13.

Enerflex Stock Performance

Shares of NYSE EFXT opened at $9.11 on Monday. The company has a quick ratio of 0.88, a current ratio of 1.19 and a debt-to-equity ratio of 0.65. The business's 50 day moving average is $7.93 and its two-hundred day moving average is $7.76. The company has a market cap of $1.12 billion, a P/E ratio of 8.76 and a beta of 2.00. Enerflex has a 12 month low of $5.29 and a 12 month high of $10.61.

Enerflex (NYSE:EFXT - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.42. The firm had revenue of $615.00 million during the quarter, compared to analyst estimates of $555.24 million. Enerflex had a return on equity of 10.21% and a net margin of 5.54%.

Institutional Trading of Enerflex

Institutional investors and hedge funds have recently modified their holdings of the company. Bank of America Corp DE increased its position in shares of Enerflex by 1,046.0% during the fourth quarter. Bank of America Corp DE now owns 391,211 shares of the company's stock valued at $3,893,000 after purchasing an additional 357,073 shares during the period. XTX Topco Ltd bought a new stake in shares of Enerflex during the fourth quarter valued at approximately $299,000. D. E. Shaw & Co. Inc. bought a new stake in shares of Enerflex during the fourth quarter valued at approximately $401,000. Jupiter Asset Management Ltd. acquired a new stake in Enerflex in the 1st quarter valued at $348,000. Finally, JPMorgan Chase & Co. boosted its stake in Enerflex by 28.0% in the 4th quarter. JPMorgan Chase & Co. now owns 99,550 shares of the company's stock valued at $991,000 after buying an additional 21,801 shares in the last quarter. 46.47% of the stock is currently owned by institutional investors.

Enerflex Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th will be given a dividend of $0.0375 per share. This is a boost from Enerflex's previous quarterly dividend of $0.03. This represents a $0.15 dividend on an annualized basis and a dividend yield of 1.6%. Enerflex's payout ratio is currently 9.62%.

About Enerflex

Enerflex Ltd. offers energy infrastructure and energy transition solutions to natural gas markets in North America, Latin America, and the Eastern Hemisphere. The company provides natural gas compression infrastructure, processing, and treated water infrastructure under contract to oil and natural gas customers; power generation rental solutions; custom and standard compression packages for reciprocating and screw compressor applications; re-engineering, re-configuration, and re-packaging of compressors for various field applications; integrated turnkey power generation, gas compression, processing facilities, natural gas compression, processing, and electric power solutions; after-market mechanical services and parts distribution, as well as maintenance solutions to the oil and natural gas industry, operations, and overhaul services; and equipment supply, parts supply, and general asset management.

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