The Shyft Group (SHYF) Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for The Shyft Group in the last twelve months. There are currently 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" SHYF shares.
View SHYF analyst ratings or view top-rated stocks.

3 brokerages have issued 12 month price targets for The Shyft Group's shares. Their SHYF share price forecasts range from $30.00 to $40.00. On average, they anticipate the company's stock price to reach $34.00 in the next twelve months. This suggests a possible upside of 34.4% from the stock's current price.
View analysts price targets for SHYF or view top-rated stocks among Wall Street analysts.

The Shyft Group's stock was trading at $24.86 at the beginning of the year. Since then, SHYF stock has increased by 1.7% and is now trading at $25.29.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our SHYF earnings forecast.

The Shyft Group, Inc. (NASDAQ:SHYF) announced its earnings results on Thursday, April, 27th. The company reported $0.08 earnings per share for the quarter, beating analysts' consensus estimates of ($0.05) by $0.13. The company had revenue of $243.44 million for the quarter, compared to the consensus estimate of $218.55 million. The Shyft Group had a trailing twelve-month return on equity of 17.50% and a net margin of 3.96%.

The Shyft Group declared a quarterly dividend on Tuesday, May 2nd. Shareholders of record on Wednesday, May 17th will be given a dividend of $0.05 per share on Tuesday, June 20th. This represents a $0.20 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend is Tuesday, May 16th.
Read our dividend analysis for SHYF.

ETFs with the largest weight of The Shyft Group (NASDAQ:SHYF) stock in their portfolio include First Trust RBA American Industrial Renaissance ETF (AIRR), Invesco Raymond James SB-1 Equity ETF (RYJ), First Trust Multi-Manager Small Cap Opportunities ETF (MMSC), Invesco DWA SmallCap Momentum ETF (DWAS), iShares Micro-Cap ETF (IWC),

The Shyft Group (NASDAQ:SHYF) pays an annual dividend of $0.20 per share and currently has a dividend yield of 0.79%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 16.81%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SHYF will have a dividend payout ratio of 11.36% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SHYF.

The Shyft Group updated its FY 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share (EPS) guidance of $0.98-$1.60 for the period, compared to the consensus EPS estimate of $1.34. The company issued revenue guidance of $1.00 billion-$1.20 billion, compared to the consensus revenue estimate of $1.11 billion.

Based on aggregate information from My MarketBeat watchlists, some companies that other The Shyft Group investors own include Advanced Micro Devices (AMD), Best Buy (BBY), Ball (BLL), Livongo Health (LVGO), Navidea Biopharmaceuticals (NAVB), PennyMac Financial Services (PFSI), QUALCOMM (QCOM), Teladoc Health (TDOC) and Taiwan Semiconductor Manufacturing (TSM).

The Shyft Group trades on the NASDAQ under the ticker symbol "SHYF."

The Shyft Group's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (6.76%), GW&K Investment Management LLC (4.38%), abrdn plc (4.29%), Dimensional Fund Advisors LP (3.51%), Zuckerman Investment Group LLC (2.51%) and Summit Creek Advisors LLC (2.12%). Insiders that own company stock include Daryl M Adams, Daryl M Adams, Michael Dinkins, Ronald Edward Harbour, Stephen K Guillaume and Thomas R Clevinger.
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Shares of SHYF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SHYF stock can currently be purchased for approximately $25.29.

The Shyft Group (NASDAQ:SHYF) has a market capitalization of $883.13 million and generates $1.03 billion in revenue each year. The company earns $36.56 million in net income (profit) each year or $1.19 on an earnings per share basis.

The company employs 4,200 workers across the globe.

The Shyft Group's mailing address is 41280 BRIDGE STREET, NOVI MI, 48375. The official website for the company is www.spartanmotors.com. The company can be reached via phone at (517) 543-6400, via email at mail@lambert-edwards.com, or via fax at 517-543-5403.