Should I buy or sell The Shyft Group stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for The Shyft Group in the last year. There are currently 3 hold ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" SHYF shares. View SHYF analyst ratings or view top-rated stocks .

What is The Shyft Group's stock price target for 2024?

4 analysts have issued 1-year price objectives for The Shyft Group's stock. Their SHYF share price targets range from $12.00 to $18.00. On average, they predict the company's stock price to reach $14.00 in the next year. This suggests a possible upside of 33.1% from the stock's current price. View analysts price targets for SHYF or view top-rated stocks among Wall Street analysts .

How have SHYF shares performed in 2024?

The Shyft Group's stock was trading at $12.22 at the start of the year. Since then, SHYF shares have decreased by 13.9% and is now trading at $10.52. View the best growth stocks for 2024 here .

Are investors shorting The Shyft Group?

The Shyft Group saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 1,150,000 shares, a drop of 19.6% from the March 15th total of 1,430,000 shares. Based on an average trading volume of 269,400 shares, the days-to-cover ratio is currently 4.3 days. Currently, 3.8% of the shares of the stock are short sold. View The Shyft Group's Short Interest .

When is The Shyft Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024. View our SHYF earnings forecast .

How can I listen to The Shyft Group's earnings call?

The Shyft Group will be holding an earnings conference call on Thursday, April 25th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link .

How were The Shyft Group's earnings last quarter?

The Shyft Group, Inc. (NASDAQ:SHYF) posted its quarterly earnings data on Thursday, February, 22nd. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.03. The firm had revenue of $202.33 million for the quarter, compared to the consensus estimate of $205.40 million. The Shyft Group had a trailing twelve-month return on equity of 4.91% and a net margin of 0.74%.

How often does The Shyft Group pay dividends? What is the dividend yield for The Shyft Group?

The Shyft Group announced a quarterly dividend on Thursday, February 1st. Investors of record on Friday, February 16th will be given a dividend of $0.05 per share on Monday, March 18th. This represents a $0.20 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend is Thursday, February 15th. Read our dividend analysis for SHYF .

Is The Shyft Group a good dividend stock?

The Shyft Group (NASDAQ:SHYF) pays an annual dividend of $0.20 per share and currently has a dividend yield of 1.92%. The dividend payout ratio is 111.12%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, SHYF will have a dividend payout ratio of 26.32% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for SHYF .

What ETF holds The Shyft Group's stock?

First Trust RBA American Industrial Renaissance ETF holds 524,537 shares of SHYF stock, representing 1.77% of its portfolio.

What guidance has The Shyft Group issued on next quarter's earnings?

The Shyft Group issued an update on its FY24 earnings guidance on Thursday, February, 22nd. The company provided earnings per share guidance of $0.28-0.51 for the period, compared to the consensus earnings per share estimate of $0.61. The company issued revenue guidance of $850-900 million, compared to the consensus revenue estimate of $876.80 million.

What other stocks do shareholders of The Shyft Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other The Shyft Group investors own include Advanced Micro Devices (AMD) , Best Buy (BBY) , Ball (BLL) , Livongo Health (LVGO) , PennyMac Financial Services (PFSI) , QUALCOMM (QCOM) , Teladoc Health (TDOC) and Taiwan Semiconductor Manufacturing (TSM) .

Who are The Shyft Group's major shareholders?

The Shyft Group's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.04%). Insiders that own company stock include Daryl M Adams, Daryl M Adams , John Albert Dunn, Jonathan C Douyard, Joshua A Sherbin, Michael Dinkins, Pamela L Kermisch, Ronald Edward Harbour , Stephen K Guillaume , Terri Pizzuto and Thomas R Clevinger. View institutional ownership trends .

How do I buy shares of The Shyft Group?

Shares of SHYF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:SHYF

The Shyft Group (SHYF) Stock Price, News & Analysis

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Free SHYF Stock Alerts

$10.67

+0.40 (+3.89%)

(As of 02:33 PM ET)

Compare

Today's Range: $10.20
▼
$10.72
50-Day Range: $10.04
▼
$12.42
52-Week Range: $9.81
▼
$27.36

Volume: 185,028 shs
Average Volume: 269,840 shs
Market Capitalization: $366.30 million

P/E Ratio: 59.28
Dividend Yield: 1.87%
Price Target: $14.00

Get The Shyft Group alerts:

The Shyft Group MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 33.1% Upside
$14.00 Price Target
Short Interest: Healthy
3.76% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.80
Based on 4 Articles This Week
Insider Trading: Acquiring Shares
$49,995 Bought Last Quarter
Proj. Earnings Growth: 171.43%
From $0.28 to $0.76 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.30 out of 5 stars

Auto/Tires/Trucks Sector

12th out of 77 stocks

Motor Vehicles & Car Bodies Industry

4th out of 26 stocks

3.3

Analyst's Opinion

Consensus Rating
The Shyft Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on no buy ratings, 3 hold ratings, and no sell ratings.
Amount of Analyst Coverage
The Shyft Group has only been the subject of 1 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
3.76% of the float of The Shyft Group has been sold short.
Short Interest Ratio / Days to Cover
The Shyft Group has a short interest ratio ("days to cover") of 4.3.
Change versus previous month
Short interest in The Shyft Group has recently decreased by 19.58%, indicating that investor sentiment is improving significantly.

1.7

Dividend Strength

Dividend Yield
The Shyft Group pays a meaningful dividend of 1.92%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
The Shyft Group does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of The Shyft Group is 111.12%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on earnings estimates, The Shyft Group will have a dividend payout ratio of 26.32% next year. This indicates that The Shyft Group will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SHYF.

3.2

News and Social Media Coverage

News Sentiment
The Shyft Group has a news sentiment score of 0.80. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.40 average news sentiment score of Auto/Tires/Trucks companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for The Shyft Group this week, compared to 2 articles on an average week.
Search Interest
Only 1 people have searched for SHYF on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
69 people have added The Shyft Group to their MarketBeat watchlist in the last 30 days. This is an increase of 68% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, The Shyft Group insiders have bought more of their company's stock than they have sold. Specifically, they have bought $49,995.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 2.54% of the stock of The Shyft Group is held by insiders.
Percentage Held by Institutions
85.84% of the stock of The Shyft Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for The Shyft Group are expected to grow by 171.43% in the coming year, from $0.28 to $0.76 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of The Shyft Group is 58.45, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.77.
Price to Earnings Ratio vs. Sector
The P/E ratio of The Shyft Group is 58.45, which means that it is trading at a more expensive P/E ratio than the Auto/Tires/Trucks sector average P/E ratio of about 12.20.
Price to Book Value per Share Ratio
The Shyft Group has a P/B Ratio of 1.43. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About The Shyft Group Stock (NASDAQ:SHYF)

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. This segment markets its commercial vehicles, including walk-in vans, cutaway vans, and truck bodies under the Aeromaster, Velocity, Trademaster, and Utilivan brands; and vocation-specific equipment upfit services under the Utilimaster Upfit Services and Strobes-R-Us brands. It also installs specialty interior and exterior up-fit equipment for walk-in vans, truck bodies, cargo vans, and light duty pick-up trucks; and provides aftermarket support, including parts sales and field services, as well as parts and accessories. The Specialty Vehicles segment provides diesel motor home chassis; and truck bodies under the Royal Truck Body and DuraMag brands. The segment also provides final assembly services for Isuzu N-gas and F-series chassis under the Builtmore Contract Manufacturing brand; and designs and installs custom lighting and upfit solutions for a range of specialty industries. In addition, this segment provides truck accessories under the Magnum brand; and a range of parts and accessories, and maintenance and repair services for its motorhome and specialty chassis. It sells its products to commercial users, original equipment manufacturers, dealers, individuals, municipalities, and other government entities. The company was formerly known as Spartan Motors, Inc. and changed its name to The Shyft Group, Inc. in June 2020. The Shyft Group, Inc. was incorporated in 1975 and is headquartered in Novi, Michigan.

SHYF Stock Price History

30 days | 90 days | 365 days | Advanced Chart

SHYF Stock News Headlines

April 18, 2024 | americanbankingnews.com

The Shyft Group (SHYF) Set to Announce Quarterly Earnings on Thursday

April 16, 2024 | msn.com

Here are the restaurants at this year’s Corks and Forks in Maitland

April 19, 2024 | Banyan Hill Publishing (Ad)

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April 16, 2024 | finance.yahoo.com

The Shyft Group Announces First Quarter 2024 Financial Results Conference Call

March 24, 2024 | finance.yahoo.com

The Shyft Group, Inc. (NASDAQ:SHYF) Stock Is Going Strong But Fundamentals Look Uncertain: What Lies Ahead

March 24, 2024 | finance.yahoo.com

The Shyft Group, Inc. (NASDAQ:SHYF) Stock Is Going Strong But Fundamentals Look Uncertain: What Lies Ahead ?

March 10, 2024 | finance.yahoo.com

Be Wary Of Shyft Group (NASDAQ:SHYF) And Its Returns On Capital

March 6, 2024 | businesswire.com

Model 1 Enters a National Distribution Agreement with The Shyft Group; Expanding its Commercial Product Offerings and Upfit Capabilities

April 19, 2024 | Banyan Hill Publishing (Ad)

The Best AI Stock to Own in the World Today is Trading for Just $25

March 6, 2024 | globenewswire.com

The Shyft Group Achieves Ford Pro Upfitter Designation

March 5, 2024 | finance.yahoo.com

Shyft Group (SHYF) Faced Cyclical Headwinds in 2023

March 4, 2024 | globenewswire.com

The Shyft Group Announces March 2024 Analyst & Investor Events

March 4, 2024 | globenewswire.com

The Shyft Group Announces March 2024 Analyst & Investor Events

February 29, 2024 | globenewswire.com

The Shyft Group to Showcase Innovation and Customer-Centric Solutions at Work Truck Week 2024

February 24, 2024 | finance.yahoo.com

Shyft Group Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

February 23, 2024 | finance.yahoo.com

The Shyft Group, Inc. (NASDAQ:SHYF) Q4 2023 Earnings Call Transcript

February 23, 2024 | finance.yahoo.com

Q4 2023 Shyft Group Inc Earnings Call

February 22, 2024 | finanznachrichten.de

The Shyft Group, Inc.: The Shyft Group Reports Fourth Quarter and Full-Year 2023 Results

February 22, 2024 | msn.com

Why Shyft Group Shares Are Rising Today

February 22, 2024 | sfgate.com

The Shyft Group: Q4 Earnings Snapshot

February 22, 2024 | finance.yahoo.com

The Shyft Group Reports Fourth Quarter and Full-Year 2023 Results

February 22, 2024 | finance.yahoo.com

The Shyft Group Inc (SHYF) Reports Mixed 2023 Financial Results Amid Market Challenges

February 22, 2024 | globenewswire.com

The Shyft Group Reports Fourth Quarter and Full-Year 2023 Results

February 21, 2024 | markets.businessinsider.com

Analysts Offer Insights on Industrial Goods Companies: KBR (KBR) and Shyft Group (SHYF)

February 21, 2024 | benzinga.com

Shyft Group's Earnings: A Preview

February 10, 2024 | finance.yahoo.com

Should You Buy The Shyft Group, Inc. (NASDAQ:SHYF) For Its Upcoming Dividend?

February 6, 2024 | sg.finance.yahoo.com

Women’s Salaries Take a Nosedive After Having Children — What You Should Know

See More Headlines

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Company Calendar

Ex-Dividend for 3/18 Dividend: 2/15/2024
Last Earnings: 2/22/2024
Dividend Payable: 3/18/2024
Today: 4/19/2024
Next Earnings (Confirmed): 4/25/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Auto/Tires/Trucks
Industry: Motor vehicles & car bodies
Sub-Industry: N/A
Current Symbol: NASDAQ:SHYF
CUSIP: N/A
CIK: 743238
Web: www.spartanmotors.com
Phone: (517) 543-6400
Fax: 517-543-5403
Employees: 3,000
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $14.00
High Stock Price Target: $18.00
Low Stock Price Target: $12.00
Potential Upside/Downside: +36.3%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.18
Trailing P/E Ratio: 57.06
Forward P/E Ratio: 36.68
P/E Growth: N/A
Net Income: $6.50 million
Net Margins: 0.74%
Pretax Margin: 0.08%
Return on Equity: 4.91%
Return on Assets: 2.38%

Debt

Debt-to-Equity Ratio: 0.20
Current Ratio: 1.57
Quick Ratio: 0.99

Sales & Book Value

Annual Sales: $872.20 million
Price / Sales: 0.40
Cash Flow: $0.81 per share
Price / Cash Flow: 12.75
Book Value: $7.35 per share
Price / Book: 1.40

Miscellaneous

Outstanding Shares: 34,330,000
Free Float: 33,462,000
Market Cap: $352.57 million
Optionable: Optionable
Beta: 1.67

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Key Executives

Mr. John A. Dunn (Age 57)
President, CEO & Director
Comp: $1.17M
Mr. Jonathan C. Douyard (Age 44)
Chief Financial Officer
Comp: $684.78k
Mr. Joshua Alan Sherbin (Age 61)
Chief Legal Officer, Chief Compliance Officer & Corporate Secretary
Comp: $609.41k
Mr. Colin E. Hindman (Age 50)
Chief Human Resources Officer
Comp: $521.77k
Mr. Daryl M. Adams (Age 62)
Advisor
Comp: $1.35M
Mr. Jacob Farmer (Age 46)
President of Fleet Vehicles & Services
Comp: $499k
Mr. Scott Matthew Ocholik (Age 51)
VP, Chief Accounting Officer & Corporate Controller
Mr. Andrew Anderson
Chief Information Officer
Mr. Randy Wilson
VP of Investor Relations & Group Treasurer
Mr. Todd S. Fierro (Age 60)
President of Emergency Response

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SHYF Stock Analysis - Frequently Asked Questions

Should I buy or sell The Shyft Group stock right now?: 4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for The Shyft Group in the last year. There are currently 3 hold ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" SHYF shares.
View SHYF analyst ratings or view top-rated stocks.
What is The Shyft Group's stock price target for 2024?: 4 analysts have issued 1-year price objectives for The Shyft Group's stock. Their SHYF share price targets range from $12.00 to $18.00. On average, they predict the company's stock price to reach $14.00 in the next year. This suggests a possible upside of 33.1% from the stock's current price.
View analysts price targets for SHYF or view top-rated stocks among Wall Street analysts.
How have SHYF shares performed in 2024?: The Shyft Group's stock was trading at $12.22 at the start of the year. Since then, SHYF shares have decreased by 13.9% and is now trading at $10.52.
View the best growth stocks for 2024 here.
Are investors shorting The Shyft Group?: The Shyft Group saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 1,150,000 shares, a drop of 19.6% from the March 15th total of 1,430,000 shares. Based on an average trading volume of 269,400 shares, the days-to-cover ratio is currently 4.3 days. Currently, 3.8% of the shares of the stock are short sold.
View The Shyft Group's Short Interest.
When is The Shyft Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our SHYF earnings forecast.
How can I listen to The Shyft Group's earnings call?: The Shyft Group will be holding an earnings conference call on Thursday, April 25th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.
How were The Shyft Group's earnings last quarter?: The Shyft Group, Inc. (NASDAQ:SHYF) posted its quarterly earnings data on Thursday, February, 22nd. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.03. The firm had revenue of $202.33 million for the quarter, compared to the consensus estimate of $205.40 million. The Shyft Group had a trailing twelve-month return on equity of 4.91% and a net margin of 0.74%.
How often does The Shyft Group pay dividends? What is the dividend yield for The Shyft Group?: The Shyft Group announced a quarterly dividend on Thursday, February 1st. Investors of record on Friday, February 16th will be given a dividend of $0.05 per share on Monday, March 18th. This represents a $0.20 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend is Thursday, February 15th.
Read our dividend analysis for SHYF.

Is The Shyft Group a good dividend stock?: The Shyft Group (NASDAQ:SHYF) pays an annual dividend of $0.20 per share and currently has a dividend yield of 1.92%. The dividend payout ratio is 111.12%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, SHYF will have a dividend payout ratio of 26.32% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SHYF.
What ETF holds The Shyft Group's stock?: First Trust RBA American Industrial Renaissance ETF holds 524,537 shares of SHYF stock, representing 1.77% of its portfolio.
What guidance has The Shyft Group issued on next quarter's earnings?: The Shyft Group issued an update on its FY24 earnings guidance on Thursday, February, 22nd. The company provided earnings per share guidance of $0.28-0.51 for the period, compared to the consensus earnings per share estimate of $0.61. The company issued revenue guidance of $850-900 million, compared to the consensus revenue estimate of $876.80 million.
What other stocks do shareholders of The Shyft Group own?: Based on aggregate information from My MarketBeat watchlists, some companies that other The Shyft Group investors own include Advanced Micro Devices (AMD), Best Buy (BBY), Ball (BLL), Livongo Health (LVGO), PennyMac Financial Services (PFSI), QUALCOMM (QCOM), Teladoc Health (TDOC) and Taiwan Semiconductor Manufacturing (TSM).
Who are The Shyft Group's major shareholders?: The Shyft Group's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.04%). Insiders that own company stock include Daryl M Adams, Daryl M Adams, John Albert Dunn, Jonathan C Douyard, Joshua A Sherbin, Michael Dinkins, Pamela L Kermisch, Ronald Edward Harbour, Stephen K Guillaume, Terri Pizzuto and Thomas R Clevinger.
View institutional ownership trends.
How do I buy shares of The Shyft Group?: Shares of SHYF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:SHYF) was last updated on 4/19/2024 by MarketBeat.com Staff

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