Research Analysts Issue Forecasts for The Shyft Group, Inc.’s Q2 2024 Earnings (NASDAQ:SHYF)

The Shyft Group, Inc. (NASDAQ:SHYF) – Analysts at DA Davidson issued their Q2 2024 EPS estimates for shares of The Shyft Group in a research report issued to clients and investors on Tuesday, April 30th. DA Davidson analyst M. Shlisky forecasts that the company will post earnings of $0.15 per share for the quarter. DA Davidson currently has a “Neutral” rating and a $12.00 price target on the stock. The consensus estimate for The Shyft Group’s current full-year earnings is $0.26 per share. DA Davidson also issued estimates for The Shyft Group’s FY2024 earnings at $0.33 EPS.

The Shyft Group Price Performance

Shares of NASDAQ:SHYF opened at $12.52 on Thursday. The company has a 50-day moving average price of $11.21 and a two-hundred day moving average price of $11.43. The Shyft Group has a twelve month low of $9.81 and a twelve month high of $27.36. The company has a quick ratio of 1.12, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $430.31 million, a PE ratio of -1,250.00 and a beta of 1.69.

The Shyft Group (NASDAQ:SHYF) last issued its earnings results on Thursday, February 22nd. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.03. The Shyft Group had a return on equity of 2.76% and a net margin of 0.01%. The firm had revenue of $202.33 million for the quarter, compared to analyst estimates of $205.40 million.

Insider Buying and Selling

In other The Shyft Group news, CEO John Albert Dunn bought 4,545 shares of the stock in a transaction on Monday, February 26th. The shares were acquired at an average price of $11.00 per share, with a total value of $49,995.00. Following the acquisition, the chief executive officer now directly owns 35,894 shares of the company’s stock, valued at approximately $394,834. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.54% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Peoples Bank KS bought a new stake in shares of The Shyft Group during the third quarter valued at about $45,000. First Command Advisory Services Inc. purchased a new stake in The Shyft Group in the 3rd quarter worth approximately $81,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in The Shyft Group by 54.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,373 shares of the company’s stock valued at $125,000 after purchasing an additional 2,945 shares during the period. Strs Ohio bought a new position in The Shyft Group in the 3rd quarter valued at $136,000. Finally, Sequoia Financial Advisors LLC bought a new position in shares of The Shyft Group in the fourth quarter worth $124,000. Institutional investors own 85.84% of the company’s stock.

The Shyft Group Company Profile

The Shyft Group, Inc engages in the manufacture and assembly of specialty vehicles for the commercial and recreational vehicle industries in the United States and internationally. It operates in two segments, Fleet Vehicles and Services, and Specialty Vehicles. The Fleet Vehicles and Services segment offers commercial vehicles used in the e-commerce/last mile/parcel delivery, beverage and grocery delivery, laundry and linen, mobile retail, and trades and construction industries.