Commercial Vehicle Group (CVGI) to Release Quarterly Earnings on Thursday

Commercial Vehicle Group (NASDAQ:CVGIGet Rating) is set to announce its earnings results before the market opens on Thursday, May 5th. Analysts expect the company to announce earnings of $0.16 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Commercial Vehicle Group (NASDAQ:CVGIGet Rating) last released its quarterly earnings data on Monday, February 28th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $222.05 million. During the same period last year, the company posted ($0.05) EPS. On average, analysts expect Commercial Vehicle Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of NASDAQ CVGI opened at $6.76 on Thursday. The firm’s fifty day moving average is $7.98 and its 200 day moving average is $8.37. Commercial Vehicle Group has a 52 week low of $6.74 and a 52 week 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 company has a market cap of $222.71 million, a price-to-earnings ratio of 9.26, a PEG ratio of 0.46 and a beta of 3.37.

Several hedge funds have recently modified their holdings of CVGI. Royal Bank of Canada raised its holdings in shares of Commercial Vehicle Group by 19.6% during the second quarter. Royal Bank of Canada now owns 10,415 shares of the company’s stock valued at $110,000 after acquiring an additional 1,706 shares in the last quarter. Bank of America Corp DE increased its position 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 period. Wells Fargo & Company MN raised its holdings in Commercial Vehicle Group by 561.2% in the 2nd quarter. Wells Fargo & Company MN now owns 8,000 shares of the company’s stock worth $85,000 after purchasing an additional 6,790 shares in the last quarter. Morgan Stanley lifted its position in shares of Commercial Vehicle Group by 9.3% in the 2nd quarter. Morgan Stanley now owns 410,531 shares of the company’s stock worth $4,364,000 after purchasing an additional 34,884 shares during the period. Finally, LPL Financial LLC boosted its stake in shares of Commercial Vehicle Group by 12.2% during the 3rd quarter. LPL Financial LLC now owns 116,136 shares of the company’s stock valued at $1,099,000 after purchasing an additional 12,605 shares in the last quarter. Hedge funds and other institutional investors own 57.37% of the company’s stock.

Separately, StockNews.com began coverage on shares of Commercial Vehicle Group in a research report on Thursday, March 31st. They issued a “hold” rating on the stock.

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.

Further Reading

Earnings History for Commercial Vehicle Group (NASDAQ:CVGI)

Receive News & Ratings for Commercial Vehicle Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Commercial Vehicle Group and related companies with MarketBeat.com's FREE daily email newsletter.