Enerflex (TSE:EFX) is scheduled to issue its quarterly earnings data after the market closes on Thursday, November 8th. Analysts expect the company to announce earnings of C$0.33 per share for the quarter.
Enerflex (TSE:EFX) last posted its quarterly earnings results on Thursday, August 9th. The company reported C$0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.25 by C($0.02). The business had revenue of C$404.85 million for the quarter, compared to the consensus estimate of C$391.85 million. Enerflex had a return on equity of 9.64% and a net margin of 5.93%.
Enerflex stock opened at C$15.88 on Thursday. Enerflex has a 52-week low of C$13.55 and a 52-week high of C$17.82.
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 4th. Shareholders of record on Thursday, August 23rd were issued a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date was Wednesday, August 22nd.
EFX has been the topic of a number of recent research reports. TD Securities cut Enerflex from an “action list buy” rating to a “buy” rating and increased their target price for the stock from C$21.00 to C$22.00 in a report on Wednesday, September 5th. Raymond James increased their target price on Enerflex from C$21.25 to C$22.00 and gave the stock an “outperform” rating in a report on Friday, August 10th. Finally, AltaCorp Capital reiterated an “outperform” rating on shares of Enerflex in a report on Tuesday, July 10th. Six analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus target price of C$21.50.
In related news, Director Anna Paravi sold 5,000 shares of the stock in a transaction on Monday, August 20th. The stock was sold at an average price of C$16.00, for a total value of C$80,000.00. Also, insider James Harbilas sold 30,000 shares of the stock in a transaction on Tuesday, September 25th. The shares were sold at an average price of C$16.27, for a total value of C$488,100.00. Over the last quarter, insiders sold 70,000 shares of company stock worth $1,149,800.
Enerflex Ltd. supplies natural gas compression, oil and gas processing, refrigeration systems, and electric power equipment in Canada, the United States, and internationally. The company offers engineered systems, including engineering, design, fabrication, and assembly of standard and custom-designed compression, electric power, and processing solutions.
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