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 year. 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 analysts have issued twelve-month price objectives for The Shyft Group's shares. Their SHYF share price forecasts range from $38.00 to $40.00. On average, they expect the company's share price to reach $39.33 in the next year. This suggests a possible upside of 19.5% from the stock's current price.
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The Shyft Group's stock was trading at $24.86 on January 1st, 2023. Since then, SHYF shares have increased by 32.4% and is now trading at $32.92.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
View our SHYF earnings forecast.

The Shyft Group will be holding an earnings conference call on Thursday, February 23rd at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

The Shyft Group, Inc. (NASDAQ:SHYF) posted its earnings results on Thursday, November, 4th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.09. The business earned $272.60 million during the quarter, compared to analyst estimates of $247.60 million. The Shyft Group had a trailing twelve-month return on equity of 15.42% and a net margin of 3.91%. The firm's revenue for the quarter was up 34.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 EPS.

The Shyft Group declared a quarterly dividend on Tuesday, November 1st. Shareholders of record on Wednesday, November 16th will be paid a dividend of $0.05 per share on Thursday, December 15th. This represents a $0.20 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date of this dividend is Tuesday, November 15th.
Read our dividend analysis for SHYF.

The Shyft Group (NASDAQ:SHYF) pays an annual dividend of $0.20 per share and currently has a dividend yield of 0.61%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 18.35%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SHYF will have a dividend payout ratio of 10.81% 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 2022 earnings guidance on Thursday, November, 3rd. The company provided EPS guidance of $1.02-$1.24 for the period, compared to the consensus EPS estimate of $1.07. The company issued revenue guidance of $1.00 billion-$1.10 billion, compared to the consensus revenue estimate of $1.02 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 a number of institutional and retail investors. Top institutional shareholders include Ziegler Capital Management LLC (1.08%), Congress Asset Management Co. MA (0.90%), Kirr Marbach & Co. LLC IN (0.64%), Allspring Global Investments Holdings LLC (0.57%), Sequoia Financial Advisors LLC (0.27%) and Rice Hall James & Associates LLC (0.27%). 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 $32.92.

The Shyft Group (NASDAQ:SHYF) has a market capitalization of $1.15 billion and generates $991.79 million in revenue each year. The company earns $68.93 million in net income (profit) each year or $1.09 on an earnings per share basis.

The company employs 3,800 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.