Covenant Logistics Group (CVLG) to Release Quarterly Earnings on Wednesday

Covenant Logistics Group (NASDAQ:CVLG) is expected to be posting its quarterly earnings results after the market closes on Wednesday, April 23rd. Analysts expect Covenant Logistics Group to post earnings of $0.41 per share and revenue of $281.19 million for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Covenant Logistics Group Stock Down 2.5 %

Shares of NASDAQ CVLG opened at $18.97 on Wednesday. The stock has a market cap of $503.57 million, a PE ratio of 14.65 and a beta of 1.36. The company has a current ratio of 1.10, a quick ratio of 1.07 and a debt-to-equity ratio of 0.46. Covenant Logistics Group has a 12-month low of $17.98 and a 12-month high of $30.77. The company has a 50-day moving average of $23.35 and a 200 day moving average of $26.29.

Covenant Logistics Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 7th were given a $0.07 dividend. The ex-dividend date of this dividend was Friday, March 7th. This is a positive change from Covenant Logistics Group’s previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.48%. Covenant Logistics Group’s dividend payout ratio is 21.71%.

Insiders Place Their Bets

In other Covenant Logistics Group news, CAO Matisse Long sold 2,114 shares of the firm’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $28.95, for a total transaction of $61,200.30. Following the completion of the sale, the chief accounting officer now owns 15,434 shares of the company’s stock, valued at $446,814.30. This trade represents a 12.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 36.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, Stephens reissued an “overweight” rating and set a $36.00 price objective on shares of Covenant Logistics Group in a research note on Friday, January 24th.

Covenant Logistics Group Company Profile

Covenant Logistics Group, Inc, together with its subsidiaries, provides transportation and logistics services in the United States. It operates through four segments: Expedited, Dedicated, Managed Freight, and Warehousing. The Expedited segment primarily provides truckload services with high service freight and delivery standards, such as 1,000 miles in 22 hours or 15-minute delivery windows.