The Shyft Group (NASDAQ:SHYF – Get Free Report) announced its earnings results on Thursday. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.07 by $0.09, Briefing.com reports. The Shyft Group had a positive return on equity of 1.22% and a negative net margin of 0.30%. The business had revenue of $192.80 million for the quarter, compared to analysts’ expectations of $201.49 million. During the same period in the prior year, the business posted $0.22 earnings per share. The firm’s revenue was down 14.3% on a year-over-year basis. 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 %
The Shyft Group stock traded up $0.20 during trading on Friday, hitting $13.79. 478,105 shares of the company were exchanged, compared to its average volume of 506,352. The business’s 50 day moving average is $12.02 and its 200 day moving average is $11.59. The Shyft Group has a 52 week low of $9.81 and a 52 week high of $16.49. The company has a market capitalization of $473.96 million, a P/E ratio of -1,379.00 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 Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Friday, May 17th were issued a dividend of $0.05 per share. The ex-dividend date was Thursday, May 16th. This represents a $0.20 annualized dividend and a yield of 1.45%. The Shyft Group’s dividend payout ratio (DPR) is currently -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.
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