Equities analysts expect that Commercial Vehicle Group, Inc. (NASDAQ:CVGI – Get Rating) will post earnings of $0.15 per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Commercial Vehicle Group’s earnings, with the lowest EPS estimate coming in at $0.13 and the highest estimate coming in at $0.17. Commercial Vehicle Group reported earnings of $0.27 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 44.4%. The firm is expected to report its next earnings results on Monday, January 1st.
On average, analysts expect that Commercial Vehicle Group will report full year earnings of $1.02 per share for the current fiscal year, with EPS estimates ranging from $0.94 to $1.11. For the next financial year, analysts expect that the company will post earnings of $1.35 per share, with EPS estimates ranging from $1.30 to $1.40. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow 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 (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.04). The business had revenue of $228.91 million during the quarter, compared to the consensus estimate of $222.05 million. Commercial Vehicle Group had a return on equity of 27.54% and a net margin of 2.44%. During the same quarter in the previous year, the business posted ($0.05) earnings per share.
Shares of CVGI traded down $0.16 during mid-day trading on Wednesday, hitting $7.48. The company’s stock had a trading volume of 7,821 shares, compared to its average volume of 156,118. The firm has a 50-day moving average price of $8.11 and a 200 day moving average price of $8.58. The stock has a market capitalization of $245.93 million, a price-to-earnings ratio of 10.47, a PEG ratio of 0.46 and a beta of 3.37. The company has a debt-to-equity ratio of 1.47, a current ratio of 2.29 and a quick ratio of 1.42. Commercial Vehicle Group has a fifty-two week low of $6.92 and a fifty-two week high of $13.61.
Several hedge funds have recently made changes to their positions in the company. Bank of America Corp DE lifted its holdings in Commercial Vehicle Group by 72.8% during the 2nd quarter. Bank of America Corp DE now owns 5,700 shares of the company’s stock valued at $60,000 after purchasing an additional 2,401 shares during the last quarter. Metropolitan Life Insurance Co NY bought a new stake in shares of Commercial Vehicle Group during the first quarter valued at approximately $67,000. BNP Paribas Arbitrage SA grew its holdings in Commercial Vehicle Group by 506.9% during the third quarter. BNP Paribas Arbitrage SA now owns 8,096 shares of the company’s stock worth $77,000 after buying an additional 6,762 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in shares of Commercial Vehicle Group during the 3rd quarter valued at $79,000. Finally, Citigroup Inc. lifted its holdings in Commercial Vehicle Group by 376.5% during the 3rd quarter. Citigroup Inc. now owns 8,524 shares of the company’s stock worth $81,000 after purchasing an additional 6,735 shares in the last quarter. 57.37% of the stock is owned by institutional investors.
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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