Wall Street analysts predict that Commercial Vehicle Group, Inc. (NASDAQ:CVGI – Get Rating) will announce $228.97 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for Commercial Vehicle Group’s earnings. The highest sales estimate is $231.34 million and the lowest is $226.60 million. Commercial Vehicle Group reported sales of $245.12 million in the same quarter last year, which indicates a negative year over year growth rate of 6.6%. The business is scheduled to issue its next quarterly earnings report before the market opens on Monday, January 1st.
According to Zacks, analysts expect that Commercial Vehicle Group will report full year sales of $983.41 million for the current financial year, with estimates ranging from $975.00 million to $991.82 million. For the next year, analysts expect that the business will report sales of $1.12 billion, with estimates ranging from $1.06 billion to $1.18 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Commercial Vehicle Group.
Commercial Vehicle Group (NASDAQ:CVGI – Get Rating) last posted its quarterly earnings results on Monday, February 28th. The company reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.04). Commercial Vehicle Group had a net margin of 2.44% and a return on equity of 27.54%. The company had revenue of $228.91 million for the quarter, compared to the consensus estimate of $222.05 million. During the same quarter in the previous year, the company posted ($0.05) EPS.
Separately, StockNews.com initiated coverage on Commercial Vehicle Group in a research note on Thursday, March 31st. They issued a “hold” rating on the stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. lifted its stake in shares of Commercial Vehicle Group by 0.4% during the 4th quarter. BlackRock Inc. now owns 2,108,773 shares of the company’s stock valued at $16,996,000 after buying an additional 8,365 shares in the last quarter. Royce & Associates LP raised its holdings in Commercial Vehicle Group by 10.7% during the 4th quarter. Royce & Associates LP now owns 1,219,983 shares of the company’s stock valued at $9,833,000 after acquiring an additional 117,432 shares during the period. Wellington Management Group LLP lifted its position in shares of Commercial Vehicle Group by 53.4% during the third quarter. Wellington Management Group LLP now owns 1,105,819 shares of the company’s stock worth $10,461,000 after acquiring an additional 384,900 shares in the last quarter. Forager Capital Management LLC purchased a new stake in shares of Commercial Vehicle Group during the fourth quarter worth $8,726,000. Finally, Gamco Investors INC. ET AL boosted its holdings in shares of Commercial Vehicle Group by 11.4% in the fourth quarter. Gamco Investors INC. ET AL now owns 786,085 shares of the company’s stock worth $6,336,000 after acquiring an additional 80,400 shares during the period. Hedge funds and other institutional investors own 57.37% of the company’s stock.
Commercial Vehicle Group stock opened at $6.74 on Friday. The firm has a 50 day moving average price of $7.96 and a 200-day moving average price of $8.35. The company has a quick ratio of 1.42, a current ratio of 2.29 and a debt-to-equity ratio of 1.47. Commercial Vehicle Group has a twelve month low of $6.64 and a twelve month high of $13.61. The company has a market capitalization of $222.06 million, a P/E ratio of 9.23, a P/E/G ratio of 0.46 and a beta of 3.37.
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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