FY2023 Earnings Estimate for NFI Group Inc. Issued By Atb Cap Markets (TSE:NFI)

NFI Group Inc. (TSE:NFI) – Atb Cap Markets reduced their FY2023 earnings per share (EPS) estimates for NFI Group in a research note issued on Wednesday, November 8th. Atb Cap Markets analyst C. Murray now forecasts that the company will post earnings of ($2.06) per share for the year, down from their prior estimate of ($1.71). Atb Cap Markets currently has a “Outperform” rating on the stock. The consensus estimate for NFI Group’s current full-year earnings is $0.32 per share. Atb Cap Markets also issued estimates for NFI Group’s Q4 2023 earnings at ($0.30) EPS, Q1 2024 earnings at ($0.08) EPS, Q2 2024 earnings at $0.01 EPS, FY2024 earnings at $0.54 EPS and FY2025 earnings at $1.66 EPS.

NFI Group (TSE:NFI) last posted its earnings results on Wednesday, November 8th. The company reported C($0.55) earnings per share for the quarter, missing the consensus estimate of C($0.43) by C($0.12). NFI Group had a negative return on equity of 45.04% and a negative net margin of 12.10%. The business had revenue of C$952.54 million for the quarter, compared to analysts’ expectations of C$937.55 million.

Several other equities research analysts have also recently commented on the company. CIBC upped their price target on NFI Group from C$8.50 to C$10.75 and gave the stock an “underperform” rating in a research note on Monday, August 28th. ATB Capital raised NFI Group from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from C$14.50 to C$17.00 in a report on Thursday. BMO Capital Markets set a C$17.00 price objective on NFI Group and gave the stock an “outperform” rating in a report on Wednesday, October 25th. National Bankshares upped their target price on NFI Group from C$15.00 to C$18.00 and gave the company an “outperform” rating in a report on Tuesday, October 17th. Finally, Scotiabank upped their target price on NFI Group from C$33.00 to C$33.50 and gave the company an “outperform” rating in a report on Monday, July 24th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, NFI Group has a consensus rating of “Moderate Buy” and an average price target of C$17.88.

NFI Group Price Performance

NFI Group stock opened at C$13.52 on Monday. NFI Group has a 12 month low of C$7.00 and a 12 month high of C$14.48. The company has a debt-to-equity ratio of 277.18, a current ratio of 1.55 and a quick ratio of 0.55. The business has a 50 day simple moving average of C$12.91 and a 200-day simple moving average of C$11.26. The stock has a market capitalization of C$1.61 billion, a PE ratio of -2.62, a price-to-earnings-growth ratio of -0.07 and a beta of 1.35.

About NFI Group

NFI Group Inc, together with its subsidiaries, manufactures and sells buses in North America, the United Kingdom, Europe, and the Asia Pacific. It operates through OEM Manufacturing Operations and Aftermarket Operations segments. The OEM Manufacturing Operations segment designs, manufactures, and sells transit buses, motor coaches, and medium-duty and cutaway buses.