NFI Group (NFI) Scheduled to Post Quarterly Earnings on Thursday

NFI Group (TSE:NFIGet Rating) is scheduled to post its quarterly earnings results before the market opens on Thursday, May 5th. Analysts expect NFI Group to post earnings of C($0.38) per share for the quarter.

NFI Group (TSE:NFIGet Rating) last announced its quarterly earnings results on Thursday, March 10th. The company reported C($0.26) EPS for the quarter, missing the consensus estimate of C($0.14) by C($0.12). The business had revenue of C$871.16 million during the quarter, compared to the consensus estimate of C$757.22 million.

TSE:NFI opened at C$13.70 on Thursday. The company’s 50 day moving average is C$16.24 and its 200-day moving average is C$19.41. The company has a quick ratio of 0.82, a current ratio of 1.77 and a debt-to-equity ratio of 113.15. NFI Group has a 12 month low of C$13.47 and a 12 month high of C$31.80. The firm has a market cap of C$1.06 billion and a price-to-earnings ratio of -51.70.

The company also recently announced a quarterly dividend, which was paid on Friday, April 15th. Investors of record on Thursday, March 31st were paid a $0.053 dividend. The ex-dividend date was Wednesday, March 30th. This represents a $0.21 dividend on an annualized basis and a yield of 1.55%. NFI Group’s payout ratio is presently -253.96%.

In related news, Director Adam L. Gray acquired 225,400 shares of the stock in a transaction dated Wednesday, March 16th. The shares were bought at an average cost of C$14.78 per share, for a total transaction of C$3,331,412.00. Following the purchase, the director now owns 7,437,487 shares in the company, valued at approximately C$109,926,057.86. Also, Director Larry Dean Edwards bought 5,180 shares of the business’s stock in a transaction that occurred on Monday, March 14th. The shares were bought at an average price of C$13.91 per share, with a total value of C$72,072.45. Following the transaction, the director now directly owns 15,000 shares in the company, valued at C$208,704. In the last 90 days, insiders bought 982,580 shares of company stock valued at $15,485,854.

Several brokerages have recently issued reports on NFI. National Bankshares lowered their price target on NFI Group from C$26.00 to C$19.00 and set an “outperform” rating on the stock in a research report on Friday, March 11th. TD Securities dropped their price target on NFI Group from C$22.00 to C$18.00 and set a “hold” rating on the stock in a research report on Friday, March 11th. Scotiabank cut their price target on NFI Group from C$28.00 to C$22.00 in a report on Friday, March 11th. Atb Cap Markets lowered shares of NFI Group from an “outperform” rating to a “speculative” rating in a research report on Thursday, March 10th. Finally, CIBC reduced their price target on shares of NFI Group from C$25.00 to C$18.00 and set a “neutral” rating for the company in a report on Friday, March 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, NFI Group currently has a consensus rating of “Hold” and a consensus target price of C$20.06.

NFI Group Company Profile (Get Rating)

NFI Group Inc, together with its subsidiaries, manufactures and sells buses in North America, the United Kingdom, Europe, the Asia Pacific, and internationally. It operates through two segments, Manufacturing Operations and Aftermarket Operations. The company offers heavy-duty transit buses under the New Flyer name; single and double-deck buses under the Alexander Dennis Limited brand name; motor coaches under Plaxton and MCI brand names; low-floor cutaway and medium-duty buses under the ARBOC brand; and aftermarket parts under the NFI Parts brand name, as well as articulated buses.

See Also

Earnings History for NFI Group (TSE:NFI)

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