The Shyft Group (NASDAQ:SHYF – Get Free Report) updated its FY24 earnings guidance on Thursday. The company provided EPS guidance of $0.35-0.50 for the period, compared to the consensus EPS estimate of $0.39. The company issued revenue guidance of $800-850 million, compared to the consensus revenue estimate of $868.07 million. The Shyft Group also updated its FY 2024 guidance to 0.350-0.500 EPS.
The Shyft Group Stock Performance
Shares of NASDAQ:SHYF traded up $0.20 on Friday, reaching $13.79. 374,413 shares of the company’s stock were exchanged, compared to its average volume of 314,039. The Shyft Group has a twelve month low of $9.81 and a twelve month high of $16.49. The company has a fifty day moving average of $11.99 and a 200-day moving average of $11.57. The company has a market capitalization of $473.96 million, a price-to-earnings ratio of -1,375.00 and a beta of 1.66. The company has a current ratio of 1.77, a quick ratio of 1.12 and a debt-to-equity ratio of 0.26.
The Shyft Group (NASDAQ:SHYF – Get Free Report) last released its earnings results on Thursday, April 25th. The company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.15. The Shyft Group had a return on equity of 2.76% and a net margin of 0.01%. The firm had revenue of $197.89 million during the quarter, compared to the consensus estimate of $183.90 million. On average, research analysts predict that The Shyft Group will post 0.26 EPS for the current fiscal year.
The Shyft Group Dividend Announcement
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.
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