FY2023 Earnings Estimate for Enerflex Ltd. Issued By National Bank Financial (TSE:EFX)

Posted by Defense World Staff on Jul 14th, 2023

Enerflex Ltd. (TSE:EFX – Free Report) – Equities research analysts at National Bank Financial dropped their FY2023 earnings estimates for Enerflex in a report issued on Tuesday, July 11th. National Bank Financial analyst D. Payne now anticipates that the company will earn $0.89 per share for the year, down from their prior estimate of $1.05. The consensus estimate for Enerflex’s current full-year earnings is $1.00 per share. National Bank Financial also issued estimates for Enerflex’s FY2024 earnings at $1.72 EPS.

Several other brokerages also recently weighed in on EFX. CIBC increased their target price on shares of Enerflex from C$11.00 to C$12.00 in a research note on Friday, April 14th. BMO Capital Markets raised their price target on shares of Enerflex from C$12.00 to C$13.00 in a research note on Thursday, May 4th. Finally, ATB Capital dropped their target price on shares of Enerflex from C$14.00 to C$13.75 in a report on Friday, July 7th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$14.18.

Enerflex Price Performance

Shares of TSE:EFX opened at C$9.62 on Thursday. The company has a debt-to-equity ratio of 99.96, a quick ratio of 1.20 and a current ratio of 1.27. The firm has a fifty day moving average price of C$8.40 and a 200 day moving average price of C$8.54. Enerflex has a fifty-two week low of C$4.99 and a fifty-two week high of C$10.19. The firm has a market cap of C$1.19 billion, a price-to-earnings ratio of -10.46 and a beta of 1.59.

Enerflex (TSE:EFX – Get Free Report) last posted its quarterly earnings results on Wednesday, May 3rd. The company reported C$0.11 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.12 by C($0.01). The firm had revenue of C$825.04 million during the quarter, compared to the consensus estimate of C$726.80 million. Enerflex had a negative return on equity of 6.01% and a negative net margin of 3.82%.

Enerflex Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 6th. Investors of record on Thursday, May 18th were issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend was Wednesday, May 17th. Enerflex’s dividend payout ratio (DPR) is -10.87%.

Insider Activity at Enerflex

In other news, Senior Officer Philip Antoni John Pyle sold 12,297 shares of the stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of C$7.99, for a total value of C$98,253.03. 0.61% of the stock is currently owned by corporate insiders.

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 Eastern Hemisphere. The company provides natural gas compression infrastructure, power generation, and processing 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, electric power solutions, and water 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.