Atb Cap Markets Weighs in on NFI Group Inc.’s Q2 2023 Earnings (TSE:NFI)

NFI Group Inc. (TSE:NFI – Get Rating) – Research analysts at Atb Cap Markets boosted their Q2 2023 earnings per share estimates for shares of NFI Group in a research note issued to investors on Wednesday, May 17th. Atb Cap Markets analyst C. Murray now anticipates that the company will earn ($0.72) per share for the quarter, up from their previous estimate of ($0.73). The consensus estimate for NFI Group’s current full-year earnings is ($0.96) per share. Atb Cap Markets also issued estimates for NFI Group’s Q3 2023 earnings at ($0.43) EPS, Q4 2023 earnings at ($0.08) EPS, FY2023 earnings at ($1.76) EPS, Q4 2024 earnings at $0.63 EPS and FY2024 earnings at $0.87 EPS.

NFI Group (TSE:NFI – Get Rating) last released its earnings results on Wednesday, March 1st. The company reported C($0.42) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C($0.67) by C$0.25. NFI Group had a negative net margin of 13.97% and a negative return on equity of 42.76%. The company had revenue of C$926.78 million during the quarter, compared to the consensus estimate of C$850.90 million.

A number of other equities analysts also recently commented on the company. ATB Capital dropped their price objective on NFI Group from C$14.00 to C$12.50 in a report on Thursday. National Bankshares upgraded shares of NFI Group from a “sector perform” rating to an “outperform” rating and set a C$13.00 price target on the stock in a report on Friday, May 5th. CIBC increased their target price on shares of NFI Group from C$8.50 to C$9.00 in a research report on Monday, May 8th. TD Securities boosted their price target on NFI Group from C$10.00 to C$11.00 and gave the stock a “hold” rating in a research report on Friday, March 3rd. Finally, National Bank Financial raised NFI Group from a “sector perform market weight” rating to an “outperform market weight” rating in a report on Thursday, May 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, NFI Group has an average rating of “Hold” and an average target price of C$11.33.

NFI Group Stock Performance

Shares of TSE NFI opened at C$9.28 on Monday. The company has a market capitalization of C$716.04 million, a P/E ratio of -1.76, a price-to-earnings-growth ratio of -0.07 and a beta of 1.45. The company has a debt-to-equity ratio of 251.73, a current ratio of 1.58 and a quick ratio of 0.55. NFI Group has a one year low of C$7.00 and a one year high of C$14.94. The business’s 50-day moving average price is C$8.34 and its two-hundred day moving average price is C$9.49.

About NFI Group

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NFI Group Inc, together with its subsidiaries, manufactures and sells buses in North America, the United Kingdom, Europe, the Asia Pacific, and internationally. It operates through two segments, Manufacturing Operations and Aftermarket Operations. The company offers heavy-duty transit buses under the New Flyer name; single and double-deck buses under the Alexander Dennis Limited brand name; motor coaches under Plaxton and MCI brand names; low-floor cutaway and medium-duty buses under the ARBOC brand; and aftermarket parts under the NFI Parts brand name, as well as articulated buses.