Equities Analysts Set Expectations for Enerflex Ltd.'s Q3 2024 Earnings (TSE:EFX)

Enerflex Ltd. (TSE:EFX - Free Report) - Stock analysts at Atb Cap Markets boosted their Q3 2024 EPS estimates for shares of Enerflex in a research report issued to clients and investors on Sunday, May 12th. Atb Cap Markets analyst T. Monachello now expects that the company will post earnings of $0.10 per share for the quarter, up from their previous forecast of $0.09. The consensus estimate for Enerflex's current full-year earnings is $0.52 per share. Atb Cap Markets also issued estimates for Enerflex's Q4 2024 earnings at $0.15 EPS, FY2025 earnings at $0.78 EPS and FY2026 earnings at $0.64 EPS.

Enerflex (TSE:EFX - Get Free Report) last issued its earnings results on Wednesday, February 28th. The company reported C($0.12) earnings per share for the quarter, missing analysts' consensus estimates of C$0.09 by C($0.21). Enerflex had a negative net margin of 3.51% and a negative return on equity of 7.55%. The firm had revenue of C$782.21 million for the quarter, compared to the consensus estimate of C$788.63 million.

A number of other research firms also recently issued reports on EFX. BMO Capital Markets dropped their price objective on shares of Enerflex from C$11.00 to C$10.00 in a research note on Wednesday, May 8th. National Bankshares upgraded Enerflex from a "sector perform" rating to an "outperform" rating and set a C$10.00 price objective for the company in a research note on Thursday, January 25th. Raymond James decreased their price target on shares of Enerflex from C$11.50 to C$11.00 in a research report on Thursday, May 9th. ATB Capital lifted their price objective on shares of Enerflex from C$12.00 to C$13.50 and gave the stock an "outperform" rating in a research report on Friday, March 1st. Finally, CIBC cut their price objective on shares of Enerflex from C$6.55 to C$6.00 in a report on Monday. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of C$10.56.

Enerflex Stock Up 3.0 %

Enerflex stock traded up C$0.21 during midday trading on Tuesday, hitting C$7.20. 346,919 shares of the company's stock were exchanged, compared to its average volume of 362,888. The company has a debt-to-equity ratio of 94.38, a quick ratio of 1.20 and a current ratio of 1.25. The company has a market cap of C$892.51 million, a PE ratio of -8.00 and a beta of 1.82. The firm has a 50-day moving average of C$8.01 and a two-hundred day moving average of C$6.96. Enerflex has a 12 month low of C$5.44 and a 12 month high of C$11.03.

Enerflex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, May 23rd will be paid a dividend of $0.025 per share. The ex-dividend date is Wednesday, May 22nd. This represents a $0.10 annualized dividend and a yield of 1.39%. Enerflex's dividend payout ratio is presently -11.11%.

Enerflex Company Profile

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.