The Shyft Group (NASDAQ:SHYF) Posts Earnings Results, Misses Estimates By $0.09 EPS

The Shyft Group (NASDAQ:SHYF) posted its quarterly earnings data on Thursday. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.09), Zacks reports. The business had revenue of $201.43 million during the quarter, compared to analyst estimates of $211.90 million. The Shyft Group had a positive return on equity of 2.75% and a negative net margin of 0.36%. The Shyft Group updated its FY 2025 guidance to 0.690-0.920 EPS.

The Shyft Group Trading Down 9.9 %

NASDAQ SHYF opened at $11.17 on Friday. The stock has a 50-day simple moving average of $11.86 and a two-hundred day simple moving average of $12.68. The Shyft Group has a fifty-two week low of $9.81 and a fifty-two week high of $17.56. The company has a current ratio of 1.82, a quick ratio of 1.16 and a debt-to-equity ratio of 0.44.

The Shyft Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Thursday, February 27th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $0.20 dividend on an annualized basis and a yield of 1.79%. The Shyft Group’s dividend payout ratio is currently -222.20%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. DA Davidson raised The Shyft Group from a “neutral” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Wednesday, January 15th. Roth Mkm reaffirmed a “buy” rating and set a $16.00 price target on shares of The Shyft Group in a research report on Tuesday, December 17th.

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.