Wall Street brokerages forecast that Commercial Vehicle Group, Inc. (NASDAQ:CVGI – Get Rating) will announce earnings per share (EPS) of $0.16 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Commercial Vehicle Group’s earnings, with the lowest EPS estimate coming in at $0.15 and the highest estimate coming in at $0.17. Commercial Vehicle Group reported earnings of $0.27 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 40.7%. The business is scheduled to report its next quarterly earnings results before the market opens on Monday, January 1st.
On average, analysts expect that Commercial Vehicle Group will report full-year earnings of $0.97 per share for the current fiscal year, with EPS estimates ranging from $0.94 to $1.00. For the next fiscal year, analysts anticipate that the business will post earnings of $1.35 per share, with EPS estimates ranging from $1.30 to $1.40. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for Commercial Vehicle Group.
Commercial Vehicle Group (NASDAQ:CVGI – Get Rating) last issued its quarterly earnings data on Monday, February 28th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.04). The business had revenue of $228.91 million for the quarter, compared to the consensus estimate of $222.05 million. Commercial Vehicle Group had a net margin of 2.44% and a return on equity of 27.54%. During the same period in the previous year, the business posted ($0.05) EPS.
Separately, StockNews.com started coverage on Commercial Vehicle Group in a report on Thursday, March 31st. They set a “hold” rating on the stock.
Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. grew its stake in shares of Commercial Vehicle Group by 0.4% in the fourth quarter. BlackRock Inc. now owns 2,108,773 shares of the company’s stock worth $16,996,000 after acquiring an additional 8,365 shares during the last quarter. Royce & Associates LP boosted its stake in Commercial Vehicle Group by 10.7% during the fourth quarter. Royce & Associates LP now owns 1,219,983 shares of the company’s stock worth $9,833,000 after buying an additional 117,432 shares in the last quarter. Wellington Management Group LLP boosted its stake in 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 buying an additional 384,900 shares in the last quarter. Forager Capital Management LLC bought a new position in shares of Commercial Vehicle Group during the fourth quarter valued at $8,726,000. Finally, Gamco Investors INC. ET AL lifted its holdings in shares of Commercial Vehicle Group by 11.4% during the fourth quarter. Gamco Investors INC. ET AL now owns 786,085 shares of the company’s stock valued at $6,336,000 after acquiring an additional 80,400 shares during the period. Institutional investors and hedge funds own 57.37% of the company’s stock.
Shares of CVGI stock opened at $7.18 on Wednesday. Commercial Vehicle Group has a 12 month low of $6.64 and a 12 month high of $13.61. The company has a quick ratio of 1.42, a current ratio of 2.29 and a debt-to-equity ratio of 1.47. The business’s 50 day moving average is $7.94 and its two-hundred day moving average is $8.34. The company has a market cap of $236.58 million, a PE ratio of 9.84, a price-to-earnings-growth ratio of 0.36 and a beta of 3.37.
Commercial Vehicle Group Company Profile (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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