-$0.06 Earnings Per Share Expected for The Shyft Group, Inc. (NASDAQ:SHYF) This Quarter

Wall Street brokerages predict that The Shyft Group, Inc. (NASDAQ:SHYFGet Rating) will announce earnings of ($0.06) per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for The Shyft Group’s earnings, with the lowest EPS estimate coming in at ($0.09) and the highest estimate coming in at ($0.02). The Shyft Group posted earnings per share of $0.36 during the same quarter last year, which indicates a negative year-over-year growth rate of 116.7%. The company is expected to report its next earnings report before the market opens on Monday, January 1st.

According to Zacks, analysts expect that The Shyft Group will report full-year earnings of $1.87 per share for the current year, with EPS estimates ranging from $1.78 to $1.95. For the next financial year, analysts anticipate that the firm will post earnings of $3.11 per share, with EPS estimates ranging from $2.90 to $3.23. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that cover The Shyft Group.

The Shyft Group (NASDAQ:SHYFGet Rating) last announced its earnings results on Thursday, February 24th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.09. The business had revenue of $277.30 million for the quarter, compared to analysts’ expectations of $232.48 million. The Shyft Group had a return on equity of 28.57% and a net margin of 6.95%. The business’s revenue for the quarter was up 61.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.24 EPS.

A number of research firms have weighed in on SHYF. Zacks Investment Research lowered The Shyft Group from a “hold” rating to a “sell” rating in a research note on Thursday, March 3rd. Raymond James raised The Shyft Group from an “outperform” rating to a “strong-buy” rating and set a $57.00 price target for the company in a report on Friday, February 25th. Finally, DA Davidson cut The Shyft Group from a “buy” rating to a “neutral” rating in a report on Wednesday, April 6th.

In other news, Director Thomas R. Clevinger sold 5,000 shares of the stock in a transaction on Thursday, March 10th. The stock was sold at an average price of $39.27, for a total value of $196,350.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.88% of the stock is owned by corporate insiders.

Several hedge funds have recently modified their holdings of the business. NEXT Financial Group Inc purchased a new position in shares of The Shyft Group during the fourth quarter worth about $30,000. UBS Group AG grew its holdings in shares of The Shyft Group by 46.8% during the third quarter. UBS Group AG now owns 916 shares of the company’s stock worth $35,000 after buying an additional 292 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in The Shyft Group in the 4th quarter valued at approximately $36,000. Point72 Hong Kong Ltd purchased a new stake in The Shyft Group in the 3rd quarter valued at approximately $104,000. Finally, US Bancorp DE boosted its holdings in The Shyft Group by 9.5% in the 3rd quarter. US Bancorp DE now owns 3,554 shares of the company’s stock valued at $135,000 after purchasing an additional 309 shares in the last quarter. 82.16% of the stock is currently owned by institutional investors.

Shares of The Shyft Group stock traded down $0.58 during trading on Monday, reaching $29.87. The company’s stock had a trading volume of 252,157 shares, compared to its average volume of 242,275. The stock has a market capitalization of $1.05 billion, a P/E ratio of 15.48 and a beta of 1.58. The company has a 50-day moving average price of $38.87. The Shyft Group has a 1-year low of $28.81 and a 1-year high of $54.50.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 17th. Shareholders of record on Thursday, February 17th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.67%. This is a boost from The Shyft Group’s previous quarterly dividend of $0.03. The ex-dividend date was Wednesday, February 16th. The Shyft Group’s dividend payout ratio is 10.53%.

About The Shyft Group (Get Rating)

The Shyft Group, Inc manufactures and assembles specialty vehicles for the commercial vehicle 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 manufactures and sells 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.

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