Commercial Vehicle Group (CVGI) Scheduled to Post Earnings on Wednesday
Commercial Vehicle Group (NASDAQ:CVGI – Get Free Report) is scheduled to be releasing its earnings data before the market opens on Wednesday, August 2nd. Analysts expect Commercial Vehicle Group to post earnings of $0.25 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.
Commercial Vehicle Group (NASDAQ:CVGI – Get Free Report) last released its quarterly earnings data on Tuesday, May 2nd. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.14. Commercial Vehicle Group had a positive return on equity of 15.30% and a negative net margin of 1.73%. The business had revenue of $262.71 million for the quarter, compared to analysts’ expectations of $243.65 million. On average, analysts expect Commercial Vehicle Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Commercial Vehicle Group Stock Up 0.9 %
Commercial Vehicle Group stock traded up $0.09 during midday trading on Wednesday, reaching $10.50. The stock had a trading volume of 104,198 shares, compared to its average volume of 260,202. The stock has a market capitalization of $351.44 million, a P/E ratio of -19.64, a price-to-earnings-growth ratio of 0.52 and a beta of 2.95. Commercial Vehicle Group has a 1-year low of $4.03 and a 1-year high of $11.45. The firm’s fifty day simple moving average is $10.31 and its 200-day simple moving average is $8.62. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.28 and a current ratio of 2.04.
Institutional Trading of Commercial Vehicle Group
A number of institutional investors have recently modified their holdings of the stock. Advisor Group Holdings Inc. acquired a new position in shares of Commercial Vehicle Group during the 1st quarter worth $67,000. Bank of New York Mellon Corp raised its position 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 purchasing an additional 2,728 shares during the last quarter. Rhumbline Advisers raised its position in shares of Commercial Vehicle Group by 7.6% during the first quarter. Rhumbline Advisers now owns 37,176 shares of the company’s stock worth $314,000 after acquiring an additional 2,616 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Commercial Vehicle Group by 6.1% during the first quarter. Vanguard Group Inc. now owns 1,537,929 shares of the company’s stock worth $12,996,000 after acquiring an additional 88,130 shares during the last quarter. Finally, Gamco Investors INC. ET AL raised its position in shares of Commercial Vehicle Group by 0.5% during the first quarter. Gamco Investors INC. ET AL now owns 789,885 shares of the company’s stock worth $6,675,000 after acquiring an additional 3,800 shares during the last quarter. 58.45% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on CVGI. Barrington Research lifted their target price on Commercial Vehicle Group from $10.00 to $13.00 in a research note on Friday, May 5th. TheStreet upgraded Commercial Vehicle Group from a “d+” rating to a “c-” rating in a research note on Wednesday, May 17th. Finally, StockNews.com began coverage on Commercial Vehicle Group in a research note on Thursday, May 18th. They set a “strong-buy” rating for the company.
About Commercial Vehicle Group
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. The company operates in four segments: Vehicle Solutions, Electrical Systems, Aftermarket & Accessories, and Industrial Automation.
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