The Shyft Group (NASDAQ:SHYF) Updates FY24 Earnings Guidance

The Shyft Group (NASDAQ:SHYF) 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) 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

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Friday, May 17th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $0.20 annualized dividend and a dividend yield of 1.45%. The Shyft Group’s dividend payout ratio is -2,000.00%.

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.