Atb Cap Markets Research Analysts Lower Earnings Estimates for NFI Group Inc. (TSE:NFI)

NFI Group Inc. (TSE:NFI) – Investment analysts at Atb Cap Markets decreased their Q3 2024 EPS estimates for NFI Group in a research note issued to investors on Monday, October 7th. Atb Cap Markets analyst C. Murray now expects that the company will post earnings per share of $0.00 for the quarter, down from their previous estimate of $0.06. The consensus estimate for NFI Group’s current full-year earnings is $1.28 per share. Atb Cap Markets also issued estimates for NFI Group’s Q4 2024 earnings at $0.11 EPS, FY2024 earnings at ($0.04) EPS, Q1 2025 earnings at $0.09 EPS, Q3 2025 earnings at $0.35 EPS, Q4 2025 earnings at $0.66 EPS and FY2025 earnings at $1.30 EPS.

A number of other analysts have also weighed in on NFI. Cibc World Mkts upgraded shares of NFI Group from a “strong sell” rating to a “hold” rating in a research note on Friday, August 2nd. CIBC raised shares of NFI Group from an “underperform” rating to a “neutral” rating and raised their price target for the company from C$12.50 to C$20.00 in a research report on Friday, August 2nd. Stifel Nicolaus boosted their price objective on shares of NFI Group from C$18.00 to C$23.00 in a report on Tuesday, August 6th. BMO Capital Markets increased their target price on NFI Group from C$15.00 to C$23.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Finally, National Bankshares lifted their target price on NFI Group from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$22.00.

NFI Group Price Performance

The firm’s fifty day moving average is C$18.59 and its two-hundred day moving average is C$15.96. The company has a debt-to-equity ratio of 164.92, a current ratio of 1.74 and a quick ratio of 0.55. The company has a market capitalization of C$2.03 billion, a P/E ratio of -38.80, a PEG ratio of -0.07 and a beta of 1.41. NFI Group has a twelve month low of C$10.89 and a twelve month high of C$19.55.

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

Insider Activity

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

NFI Group Company Profile

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.