Stifel Canada Analysts Cut Earnings Estimates for NFI Group Inc. (TSE:NFI)

NFI Group Inc. (TSE:NFI) – Research analysts at Stifel Canada decreased their Q3 2024 EPS estimates for shares of NFI Group in a research note issued on Monday, October 7th. Stifel Canada analyst D. Young now anticipates that the company will post earnings per share of $0.08 for the quarter, down from their prior estimate of $0.13. The consensus estimate for NFI Group’s current full-year earnings is $1.28 per share. Stifel Canada also issued estimates for NFI Group’s Q4 2024 earnings at $0.24 EPS and FY2025 earnings at $1.35 EPS.

Other analysts have also recently issued research reports about the stock. CIBC raised shares of NFI Group from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from C$12.50 to C$20.00 in a report on Friday, August 2nd. BMO Capital Markets increased their target price on shares of NFI Group from C$15.00 to C$23.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Stifel Nicolaus upped their price target on shares of NFI Group from C$18.00 to C$23.00 in a research note on Tuesday, August 6th. ATB Capital raised their price objective on shares of NFI Group from C$18.00 to C$22.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Finally, Cibc World Mkts raised NFI Group from a “strong sell” rating to a “hold” rating in a research note on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$22.00.

NFI Group Stock Performance

NFI Group has a 1-year low of C$10.89 and a 1-year high of C$19.55. The company has a market cap of C$2.03 billion, a P/E ratio of -38.80, a price-to-earnings-growth ratio of -0.07 and a beta of 1.41. The company has a current ratio of 1.74, a quick ratio of 0.55 and a debt-to-equity ratio of 164.92. The business has a 50-day moving average of C$18.59 and a 200 day moving average of C$15.96.

NFI Group (TSE:NFI) last issued its earnings results on Wednesday, July 31st. The company reported C$0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.02 by C$0.02. NFI Group had a negative net margin of 1.59% and a negative return on equity of 8.17%. The firm had revenue of C$1.16 billion for the quarter, compared to analysts’ expectations of C$1.15 billion.

Insider Buying and Selling at NFI Group

In other NFI Group news, Senior Officer Jason Michael Pellaers sold 2,145 shares of NFI Group stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of C$18.78, for a total transaction of C$40,283.10. Company insiders own 0.62% of the company’s stock.

About NFI Group

NFI Group Inc, together with its subsidiaries, manufactures and sells buses in North America, the United Kingdom, rest of Europe, and the Asia Pacific. It operates through Manufacturing Operations and Aftermarket Operations segments. The Manufacturing Operations segment design, manufacture, service, and support transit buses, coaches, medium-duty shuttles, and low floor cutaway buses.