Q3 2024 EPS Estimates for NFI Group Inc. Lowered by Atb Cap Markets (TSE:NFI)

NFI Group Inc. (TSE:NFI) – Research analysts at Atb Cap Markets lowered their Q3 2024 earnings per share (EPS) estimates for NFI Group in a research report issued to clients and investors on Sunday, May 5th. Atb Cap Markets analyst C. Murray now anticipates that the company will earn $0.07 per share for the quarter, down from their prior forecast of $0.08. The consensus estimate for NFI Group’s current full-year earnings is $0.23 per share. Atb Cap Markets also issued estimates for NFI Group’s Q4 2025 earnings at $0.68 EPS.

NFI Group (TSE:NFI) last announced its quarterly earnings results on Thursday, February 29th. The company reported C($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of C($0.28) by C$0.21. The business had revenue of C$1.08 billion during the quarter, compared to analysts’ expectations of C$1.21 billion. NFI Group had a negative net margin of 3.45% and a negative return on equity of 16.18%.

Other research analysts have also recently issued research reports about the stock. CIBC increased their price objective on shares of NFI Group from C$12.00 to C$12.50 and gave the company an “underperform” rating in a research report on Tuesday. National Bankshares cut their price target on NFI Group from C$20.00 to C$19.00 and set an “outperform” rating on the stock in a research note on Monday. ATB Capital upped their price objective on NFI Group from C$17.00 to C$18.00 and gave the stock an “outperform” rating in a research report on Monday. Stifel Nicolaus raised NFI Group from a “hold” rating to a “buy” rating and upped their price target for the company from C$15.00 to C$18.00 in a report on Monday. Finally, BMO Capital Markets cut their price objective on shares of NFI Group from C$17.00 to C$15.00 and set an “outperform” rating on the stock in a report on Friday, March 1st. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$19.33.

NFI Group Stock Performance

TSE NFI opened at C$13.22 on Tuesday. The company has a market cap of C$1.57 billion, a P/E ratio of -9.94, a P/E/G ratio of -0.07 and a beta of 1.35. NFI Group has a 1-year low of C$8.35 and a 1-year high of C$14.55. The company has a debt-to-equity ratio of 163.50, a current ratio of 1.81 and a quick ratio of 0.55. The stock has a 50-day moving average of C$11.93 and a two-hundred day moving average of C$12.72.

Insider Buying and Selling

In other NFI Group news, Director Colin Robertson acquired 50,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were acquired at an average cost of C$11.65 per share, for a total transaction of C$582,375.00. In related news, Senior Officer Brian Keith Dewsnup purchased 5,750 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was bought at an average price of C$8.39 per share, with a total value of C$48,213.75. Also, Director Colin Robertson acquired 50,000 shares of NFI Group stock in a transaction dated Monday, March 11th. The stock was bought at an average price of C$11.65 per share, for a total transaction of C$582,375.00. Over the last ninety days, insiders bought 64,228 shares of company stock valued at $734,754. 0.65% of the stock is owned by insiders.

About NFI Group

NFI Group Inc, together with its subsidiaries, manufactures and sells buses in North America, the United Kingdom, rest of Europe, and the Asia Pacific. It operates through Manufacturing Operations and Aftermarket Operations segments. The Manufacturing Operations segment design, manufacture, service, and support transit buses, coaches, medium-duty shuttles, and low floor cutaway buses.