The Shyft Group (NASDAQ:SHYF – Get Free Report) released its earnings results on Thursday. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.09, Briefing.com reports. The company had revenue of $192.80 million during the quarter, compared to analysts’ expectations of $201.49 million. The Shyft Group had a positive return on equity of 1.22% and a negative net margin of 0.30%. The firm’s revenue for the quarter was down 14.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.22 EPS. The Shyft Group updated its FY24 guidance to $0.35-0.50 EPS and its FY 2024 guidance to 0.350-0.500 EPS.
The Shyft Group Stock Up 1.5 %
Shares of SHYF traded up $0.20 on Friday, reaching $13.79. The stock had a trading volume of 478,105 shares, compared to its average volume of 506,352. The firm has a market capitalization of $473.96 million, a price-to-earnings ratio of -1,379.00 and a beta of 1.66. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.12 and a current ratio of 1.77. The company has a 50-day simple moving average of $12.02 and a 200-day simple moving average of $11.59. The Shyft Group has a 12-month low of $9.81 and a 12-month high of $16.49.
The Shyft Group Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Friday, May 17th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend was Thursday, May 16th. The Shyft Group’s payout ratio is presently -2,000.00%.
The Shyft Group Company Profile
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.
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