The Shyft Group, Inc. (SHYF) To Go Ex-Dividend on February 27th

The Shyft Group, Inc. (NASDAQ:SHYF) announced a quarterly dividend on Monday, February 24th, Wall Street Journal reports. Shareholders of record on Thursday, February 27th will be given a dividend of 0.05 per share on Friday, March 28th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date is Thursday, February 27th.

The Shyft Group has increased its dividend payment by an average of 26.0% annually over the last three years. The Shyft Group has a payout ratio of 18.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect The Shyft Group to earn $0.95 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 21.1%.

The Shyft Group Stock Performance

SHYF opened at $10.56 on Tuesday. The Shyft Group has a 1-year low of $9.81 and a 1-year high of $17.56. The company has a market capitalization of $368.88 million, a price-to-earnings ratio of -117.32 and a beta of 1.66. The business has a 50 day moving average price of $11.79 and a two-hundred day moving average price of $12.64. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.82 and a quick ratio of 1.16.

The Shyft Group (NASDAQ:SHYF) last released its earnings results on Thursday, February 20th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.09). The Shyft Group had a positive return on equity of 2.75% and a negative net margin of 0.36%. The firm had revenue of $201.43 million for the quarter, compared to analyst estimates of $211.90 million. Research analysts predict that The Shyft Group will post 0.68 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on SHYF. Roth Mkm reaffirmed a “buy” rating and issued 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 target price 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.