DA Davidson Increases Earnings Estimates for The Shyft Group

The Shyft Group, Inc. (NASDAQ:SHYF) – Analysts at DA Davidson increased their FY2024 earnings per share (EPS) estimates for shares of The Shyft Group in a research note issued to investors on Monday, October 28th. DA Davidson analyst M. Shlisky now expects that the company will earn $0.31 per share for the year, up from their previous forecast of $0.27. DA Davidson has a “Buy” rating and a $18.00 price objective on the stock. The consensus estimate for The Shyft Group’s current full-year earnings is $0.29 per share. DA Davidson also issued estimates for The Shyft Group’s Q4 2024 earnings at $0.10 EPS and FY2025 earnings at $0.90 EPS.

The Shyft Group Trading Down 2.2 %

SHYF stock opened at $12.92 on Wednesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.82 and a quick ratio of 1.16. The company has a market capitalization of $445.66 million, a price-to-earnings ratio of -107.67 and a beta of 1.65. The Shyft Group has a 1-year low of $9.81 and a 1-year high of $17.56. The business has a 50 day simple moving average of $12.68 and a two-hundred day simple moving average of $12.46.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its position in shares of The Shyft Group by 4.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 30,465 shares of the company’s stock valued at $379,000 after acquiring an additional 1,231 shares during the last quarter. Quest Partners LLC lifted its position in The Shyft Group by 21.2% in the second quarter. Quest Partners LLC now owns 10,098 shares of the company’s stock worth $120,000 after buying an additional 1,768 shares during the last quarter. nVerses Capital LLC bought a new stake in The Shyft Group in the second quarter worth $26,000. Motco bought a new stake in The Shyft Group in the first quarter worth $39,000. Finally, CWM LLC lifted its position in The Shyft Group by 260.9% in the second quarter. CWM LLC now owns 4,731 shares of the company’s stock worth $56,000 after buying an additional 3,420 shares during the last quarter. 85.84% of the stock is currently owned by institutional investors.

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.