Brokerages expect that Commercial Vehicle Group, Inc. (NASDAQ:CVGI – Get Rating) will announce $0.17 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Commercial Vehicle Group’s earnings. The highest EPS estimate is $0.18 and the lowest is $0.15. Commercial Vehicle Group posted earnings per share of $0.33 in the same quarter last year, which would indicate a negative year over year growth rate of 48.5%. The company is expected to report its next earnings report on Monday, January 1st.
On average, analysts expect that Commercial Vehicle Group will report full year earnings of $0.93 per share for the current fiscal year, with EPS estimates ranging from $0.79 to $1.07. For the next fiscal year, analysts anticipate that the company will post earnings of $1.39 per share, with EPS estimates ranging from $1.30 to $1.48. Zacks’ EPS averages are an average based on a survey of research firms that that provide coverage for Commercial Vehicle Group.
Commercial Vehicle Group (NASDAQ:CVGI – Get Rating) last announced its quarterly earnings results on Wednesday, May 4th. The company reported $0.16 earnings per share for the quarter, meeting the consensus estimate of $0.16. Commercial Vehicle Group had a return on equity of 22.91% and a net margin of 1.98%. The firm had revenue of $244.37 million during the quarter, compared to analyst estimates of $228.97 million.
Several equities research analysts have commented on CVGI shares. Barrington Research reiterated a “buy” rating and set a $14.00 price objective on shares of Commercial Vehicle Group in a research note on Friday, May 6th. StockNews.com lowered Commercial Vehicle Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 18th. Finally, Zacks Investment Research lowered Commercial Vehicle Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 18th.
Several hedge funds have recently bought and sold shares of the company. Royal Bank of Canada lifted its holdings in Commercial Vehicle Group by 14.6% in the third quarter. Royal Bank of Canada now owns 11,935 shares of the company’s stock valued at $113,000 after acquiring an additional 1,520 shares during the last quarter. Bank of America Corp DE lifted its holdings in Commercial Vehicle Group by 72.8% in the second quarter. Bank of America Corp DE now owns 5,700 shares of the company’s stock valued at $60,000 after acquiring an additional 2,401 shares during the last quarter. Rhumbline Advisers lifted its holdings in Commercial Vehicle Group by 7.6% in the first quarter. Rhumbline Advisers now owns 37,176 shares of the company’s stock valued at $314,000 after acquiring an additional 2,616 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Commercial Vehicle Group by 1.3% in the first quarter. Bank of New York Mellon Corp now owns 209,508 shares of the company’s stock valued at $1,770,000 after acquiring an additional 2,728 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in Commercial Vehicle Group by 3.7% during the fourth quarter. American Century Companies Inc. now owns 104,450 shares of the company’s stock worth $842,000 after purchasing an additional 3,681 shares in the last quarter. Institutional investors and hedge funds own 59.49% of the company’s stock.
NASDAQ:CVGI traded up $0.16 during trading hours on Tuesday, hitting $7.07. 212,052 shares of the stock were exchanged, compared to its average volume of 165,916. Commercial Vehicle Group has a 52-week low of $6.00 and a 52-week high of $11.93. The firm’s fifty day moving average price is $7.18 and its 200 day moving average price is $7.79. The company has a current ratio of 2.32, a quick ratio of 1.46 and a debt-to-equity ratio of 1.59. The company has a market cap of $232.93 million, a P/E ratio of 11.98, a P/E/G ratio of 0.36 and a beta of 3.27.
About Commercial Vehicle Group (Get Rating)
Commercial Vehicle Group, Inc, together with its subsidiaries, designs, manufactures, produces, and sells components and assemblies in North America, Europe, and the Asia-Pacific regions. It operates in four segments: Vehicle Solutions, Warehouse Automation, Electrical Systems, and Aftermarket & Accessories.
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