NFI Group Inc (TSE:NFI) – Research analysts at National Bank Financial cut their FY2018 earnings per share (EPS) estimates for NFI Group in a research note issued on Tuesday, October 16th, according to Zacks Investment Research. National Bank Financial analyst C. Doerksen now expects that the company will post earnings of $3.72 per share for the year, down from their previous forecast of $3.80. National Bank Financial has a “Outperform” rating and a $55.00 price objective on the stock. National Bank Financial also issued estimates for NFI Group’s FY2019 earnings at $4.03 EPS.
NFI Group (TSE:NFI) last released its quarterly earnings data on Tuesday, August 7th. The company reported C$1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.98 by C$0.05. The company had revenue of C$868.62 million for the quarter, compared to the consensus estimate of C$866.11 million.
NFI has been the subject of a number of other reports. CIBC cut their target price on shares of NFI Group from C$66.00 to C$62.00 in a report on Tuesday, October 16th. TD Securities cut their target price on shares of NFI Group from C$66.00 to C$60.00 and set a “buy” rating for the company in a report on Wednesday, October 17th. Finally, BMO Capital Markets reissued a “hold” rating and issued a C$44.00 target price on shares of NFI Group in a report on Wednesday. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. NFI Group has a consensus rating of “Buy” and an average target price of C$55.40.
Shares of NFI Group stock traded up C$0.16 on Friday, hitting C$41.26. 368,000 shares of the company traded hands, compared to its average volume of 206,437. The company has a current ratio of 2.00, a quick ratio of 1.00 and a debt-to-equity ratio of 78.47. NFI Group has a 52 week low of C$38.59 and a 52 week high of C$61.25.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Friday, September 28th were issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date was Thursday, September 27th. NFI Group’s dividend payout ratio (DPR) is presently 35.92%.
About NFI Group
NFI Group Inc, together with its subsidiaries, manufactures heavy-duty transit buses, medium-duty buses, low-floor cutaway buses, and motor coaches in the United States and Canada. It operates through two segments, Transit Bus and Motor Coach Manufacturing Operations; and Aftermarket Operations. The Transit Bus and Motor Coach Manufacturing Operations segment designs, manufactures, and sells heavy-duty transit buses, motor coaches, medium-duty buses and cutaways.
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