Enerflex Ltd. (TSE:EFX) to Post Q3 2024 Earnings of $0.10 Per Share, Atb Cap Markets Forecasts

Enerflex Ltd. (TSE:EFXFree Report) – Equities research analysts at Atb Cap Markets boosted their Q3 2024 earnings per share (EPS) estimates for shares of Enerflex in a research note issued to investors on Sunday, May 12th. Atb Cap Markets analyst T. Monachello now anticipates that the company will post earnings of $0.10 per share for the quarter, up from their previous forecast of $0.09. The consensus estimate for Enerflex’s current full-year earnings is $0.52 per share. Atb Cap Markets also issued estimates for Enerflex’s Q4 2024 earnings at $0.15 EPS, FY2025 earnings at $0.78 EPS and FY2026 earnings at $0.64 EPS.

Enerflex (TSE:EFXGet Free Report) last released its quarterly earnings results on Wednesday, February 28th. The company reported C($0.12) EPS for the quarter, missing analysts’ consensus estimates of C$0.09 by C($0.21). The company had revenue of C$782.21 million for 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%.

EFX has been the subject of several other research reports. 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 note on Thursday, January 25th. CIBC dropped their target price on shares of Enerflex from C$6.55 to C$6.00 in a report on Monday. Stifel Nicolaus decreased their price target on shares of Enerflex from C$13.00 to C$10.00 in a research report on Thursday, May 9th. BMO Capital Markets decreased their target price on Enerflex from C$11.00 to C$10.00 in a report on Wednesday, May 8th. Finally, Raymond James reduced their target price on Enerflex from C$11.50 to C$11.00 in a report on Thursday, May 9th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$10.56.

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Enerflex Stock Performance

EFX opened at C$6.99 on Tuesday. The business has a 50 day moving average price of C$8.03 and a two-hundred day moving average price of C$6.95. The company has a debt-to-equity ratio of 94.38, a current ratio of 1.25 and a quick ratio of 1.20. The company has a market capitalization of C$866.48 million, a price-to-earnings ratio of -7.77 and a beta of 1.82. Enerflex has a 1-year low of C$5.44 and a 1-year high of C$11.03.

Enerflex Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, May 23rd will be paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend is Wednesday, May 22nd. Enerflex’s dividend payout ratio (DPR) is currently -11.11%.

Enerflex Company Profile

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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.

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Earnings History and Estimates for Enerflex (TSE:EFX)

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