Enerflex Ltd. (TSE:EFX) Forecasted to Earn Q2 2024 Earnings of $0.12 Per Share

Enerflex Ltd. (TSE:EFXFree Report) – Equities research analysts at Atb Cap Markets lowered their Q2 2024 earnings estimates for shares of Enerflex in a report released on Sunday, May 12th. Atb Cap Markets analyst T. Monachello now forecasts that the company will post earnings of $0.12 per share for the quarter, down from their prior estimate of $0.15. The consensus estimate for Enerflex’s current full-year earnings is $0.52 per share. Atb Cap Markets also issued estimates for Enerflex’s FY2024 earnings at $0.16 EPS, Q1 2025 earnings at $0.18 EPS, Q2 2025 earnings at $0.16 EPS, Q3 2025 earnings at $0.27 EPS and Q4 2025 earnings at $0.16 EPS.

A number of other equities analysts have also recently issued reports on EFX. Stifel Nicolaus dropped their price target on shares of Enerflex from C$13.00 to C$10.00 in a research note on Thursday, May 9th. Raymond James dropped their price target on shares of Enerflex from C$11.50 to C$11.00 in a research note on Thursday, May 9th. BMO Capital Markets decreased their target price on Enerflex from C$11.00 to C$10.00 in a research report on Wednesday, May 8th. CIBC decreased their target price on Enerflex from C$6.55 to C$6.00 in a research report on Monday. Finally, National Bankshares raised Enerflex from a “sector perform” rating to an “outperform” rating and set a C$10.00 target price for the company in a research report on Thursday, January 25th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Enerflex has a consensus rating of “Moderate Buy” and an average price target of C$10.56.

Check Out Our Latest Stock Analysis on Enerflex

Enerflex Stock Performance

Shares of Enerflex stock opened at C$7.20 on Wednesday. The stock has a market cap of C$892.51 million, a price-to-earnings ratio of -8.00 and a beta of 1.82. The firm’s 50-day moving average is C$8.01 and its 200 day moving average is C$6.96. Enerflex has a 1 year low of C$5.44 and a 1 year high of C$11.03. The company has a debt-to-equity ratio of 94.38, a current ratio of 1.25 and a quick ratio of 1.20.

Enerflex (TSE:EFXGet Free Report) last announced its quarterly earnings results on Wednesday, February 28th. The company reported C($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.09 by C($0.21). The firm had revenue of C$782.21 million during the quarter, compared to the consensus estimate of C$788.63 million. Enerflex had a negative return on equity of 7.55% and a negative net margin of 3.51%.

Enerflex Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, July 11th will be given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend is Wednesday, May 22nd. Enerflex’s payout ratio is currently -11.11%.

Enerflex Company Profile

(Get Free Report)

Enerflex Ltd. offers energy infrastructure and energy transition solutions to natural gas markets in North America, Latin America, and the Eastern Hemisphere. The company provides natural gas compression infrastructure, processing, and treated water infrastructure under contract to oil and natural gas customers; power generation rental solutions; custom and standard compression packages for reciprocating and screw compressor applications; re-engineering, re-configuration, and re-packaging of compressors for various field applications; integrated turnkey power generation, gas compression, processing facilities, natural gas compression, processing, and electric power solutions; after-market mechanical services and parts distribution, as well as maintenance solutions to the oil and natural gas industry, operations, and overhaul services; and equipment supply, parts supply, and general asset management.

See Also

Earnings History and Estimates for Enerflex (TSE:EFX)

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