The Shyft Group (NASDAQ:SHYF) Announces Earnings Results

The Shyft Group (NASDAQ:SHYF) released its earnings results on Thursday. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.09), Zacks reports. The Shyft Group had a negative net margin of 0.48% and a positive return on equity of 1.01%. The Shyft Group updated its FY 2025 guidance to 0.690-0.920 EPS.

The Shyft Group Trading Down 0.5 %

Shares of NASDAQ:SHYF traded down $0.07 during midday trading on Thursday, hitting $12.46. 187,261 shares of the stock were exchanged, compared to its average volume of 190,145. The stock has a market capitalization of $429.57 million, a price-to-earnings ratio of -103.62 and a beta of 1.66. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.16 and a current ratio of 1.82. The business’s 50-day moving average price is $11.90 and its 200 day moving average price is $12.70. The Shyft Group has a 12 month low of $9.81 and a 12 month high of $17.56.

The Shyft Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Thursday, February 27th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend is Thursday, February 27th. The Shyft Group’s dividend payout ratio (DPR) is currently -166.67%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Roth Mkm restated a “buy” rating and set a $16.00 price target on shares of The Shyft Group in a report on Tuesday, December 17th. DA Davidson upgraded The Shyft Group from a “neutral” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Wednesday, January 15th.

About The Shyft Group

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.