NFI Group (TSE:NFI) Releases Earnings Results

NFI Group (TSE:NFI) issued its earnings results on Thursday. The company reported C$0.33 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of C$1.46 billion during the quarter. NFI Group had a negative return on equity of 22.22% and a negative net margin of 3.32%.

NFI Group Price Performance

Shares of NFI stock traded down C$0.26 during trading hours on Thursday, reaching C$24.86. 234,686 shares of the company were exchanged, compared to its average volume of 318,102. NFI Group has a fifty-two week low of C$12.50 and a fifty-two week high of C$26.35. The company has a debt-to-equity ratio of 221.05, a current ratio of 1.25 and a quick ratio of 0.55. The stock’s fifty day moving average is C$23.97 and its two-hundred day moving average is C$20.66. The company has a market cap of C$2.96 billion, a price-to-earnings ratio of -23.84, a P/E/G ratio of -0.07 and a beta of 0.16.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Canaccord Genuity Group raised shares of NFI Group to a “strong-buy” rating in a report on Monday, June 1st. Scotiabank upped their price objective on shares of NFI Group from C$24.50 to C$25.00 and gave the stock a “sector outperform” rating in a research note on Monday, May 11th. National Bank Financial raised their price objective on shares of NFI Group from C$26.00 to C$29.00 and gave the stock an “outperform” rating in a report on Thursday, July 16th. Stifel Nicolaus lifted their target price on shares of NFI Group from C$25.50 to C$26.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Finally, Canadian Imperial Bank of Commerce boosted their target price on NFI Group from C$22.00 to C$27.00 in a report on Tuesday, May 12th. Two analysts have rated the stock with a Strong Buy rating and six have issued a Buy rating to the stock. Based on data from MarketBeat, NFI Group has a consensus rating of “Buy” and a consensus price target of C$25.38.

Insiders Place Their Bets

In other news, Director John Christopher Sapp acquired 2,500 shares of the firm’s stock in a transaction on Tuesday, May 12th. The shares were purchased at an average cost of C$20.66 per share, for a total transaction of C$51,650.00. Following the transaction, the director owned 20,653 shares of the company’s stock, valued at approximately C$426,690.98. This represents a 13.77% increase in their ownership of the stock. Also, Director Adam L. Gray bought 5,200 shares of the stock in a transaction dated Tuesday, May 26th. The stock was purchased at an average cost of C$22.55 per share, with a total value of C$117,260.00. Following the completion of the purchase, the director directly owned 25,556,415 shares in the company, valued at approximately C$576,297,158.25. This trade represents a 0.02% increase in their position. Insiders have acquired a total of 242,015 shares of company stock valued at $5,025,732 over the last quarter. Company insiders own 0.62% of the company’s stock.

About NFI Group

Leveraging 450 years of combined experience, NFI is leading the electrification of mass mobility around the world. With zero-emission buses and coaches, infrastructure, and technology, NFI meets today’s urban demands for scalable smart mobility solutions. Together, NFI is enabling more livable cities through connected, clean, and sustainable transportation. With over 9,000 team members in ten countries, NFI is a leading global bus manufacturer of mass mobility solutions under the brands New Flyer® (heavy-duty transit buses), MCI® (motorcoaches), Alexander Dennis Limited (single- and double-deck buses), ARBOC® (low-floor cutaway and medium-duty buses), and NFI Parts¿.