Brokers Offer Predictions for NFI Group Inc.’s Q2 2024 Earnings (TSE:NFI)

NFI Group Inc. (TSE:NFI) – Analysts at Atb Cap Markets increased their Q2 2024 earnings per share estimates for NFI Group in a research note issued to investors on Sunday, May 5th. Atb Cap Markets analyst C. Murray now anticipates that the company will post earnings of ($0.03) per share for the quarter, up from their previous estimate of ($0.08). The consensus estimate for NFI Group’s current full-year earnings is $0.23 per share. Atb Cap Markets also issued estimates for NFI Group’s Q4 2024 earnings at $0.34 EPS, FY2024 earnings at $0.19 EPS, Q1 2025 earnings at $0.03 EPS, Q2 2025 earnings at $0.19 EPS and FY2025 earnings at $1.26 EPS.

NFI Group (TSE:NFI) last posted its quarterly earnings results on Thursday, February 29th. The company reported C($0.07) EPS for the quarter, beating analysts’ consensus estimates of C($0.28) by C$0.21. The company had revenue of C$1.08 billion during the quarter, compared to analyst estimates of C$1.21 billion. NFI Group had a negative net margin of 3.45% and a negative return on equity of 16.18%.

A number of other research analysts also recently issued reports on the company. Stifel Nicolaus upgraded NFI Group from a “hold” rating to a “buy” rating and boosted their price target for the company from C$15.00 to C$18.00 in a report on Monday. ATB Capital upped their target price on NFI Group from C$17.00 to C$18.00 and gave the company an “outperform” rating in a report on Monday. Stifel Canada upgraded shares of NFI Group from a “hold” rating to a “buy” rating in a report on Monday. National Bankshares decreased their price objective on shares of NFI Group from C$20.00 to C$19.00 and set an “outperform” rating for the company in a report on Monday. Finally, CIBC lifted their target price on shares of NFI Group from C$12.00 to C$12.50 and gave the company an “underperform” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$19.33.

NFI Group Stock Performance

Shares of TSE:NFI opened at C$13.35 on Wednesday. The company has a current ratio of 1.81, a quick ratio of 0.55 and a debt-to-equity ratio of 163.50. The company has a 50-day moving average price of C$11.95 and a 200-day moving average price of C$12.72. The company has a market cap of C$1.59 billion, a price-to-earnings ratio of -10.04, a price-to-earnings-growth ratio of -0.07 and a beta of 1.35. NFI Group has a 12 month low of C$8.35 and a 12 month high of C$14.55.

Insider Buying and Selling at NFI Group

In related news, Director Colin Robertson purchased 50,000 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were bought at an average price of C$11.65 per share, for a total transaction of C$582,375.00. In other news, Senior Officer Brian Keith Dewsnup bought 5,750 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were purchased at an average price of C$8.39 per share, for a total transaction of C$48,213.75. Also, Director Colin Robertson purchased 50,000 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were purchased at an average price of C$11.65 per share, for a total transaction of C$582,375.00. Over the last 90 days, insiders bought 64,228 shares of company stock valued at $734,754. 0.65% of the stock is currently owned by company insiders.

About NFI Group

NFI Group Inc, together with its subsidiaries, manufactures and sells buses in North America, the United Kingdom, rest of Europe, and the Asia Pacific. It operates through Manufacturing Operations and Aftermarket Operations segments. The Manufacturing Operations segment design, manufacture, service, and support transit buses, coaches, medium-duty shuttles, and low floor cutaway buses.