$462.50 Million in Sales Expected for Covia Holdings (CVIA) This Quarter
Equities analysts expect Covia Holdings (NASDAQ:CVIA) to post $462.50 million in sales for the current quarter, Zacks reports. Five analysts have made estimates for Covia’s earnings. The highest sales estimate is $501.00 million and the lowest is $446.00 million. The firm is expected to report its next earnings report before the market opens on Thursday, March 21st.
On average, analysts expect that Covia will report full-year sales of $2.17 billion for the current financial year, with estimates ranging from $1.75 billion to $2.38 billion. For the next year, analysts anticipate that the company will post sales of $2.03 billion, with estimates ranging from $1.83 billion to $2.21 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Covia.
Several research analysts have issued reports on CVIA shares. Credit Suisse Group dropped their target price on shares of Covia from $7.50 to $6.00 and set an “underperform” rating on the stock in a report on Thursday, November 15th. B. Riley dropped their target price on shares of Covia from $15.00 to $10.00 and set a “neutral” rating on the stock in a report on Tuesday, November 20th. Zacks Investment Research cut shares of Covia from a “hold” rating to a “sell” rating in a report on Tuesday, November 20th. OTR Global cut shares of Covia from a “positive” rating to a “negative” rating in a report on Friday, December 21st. Finally, Cowen cut shares of Covia from an “outperform” rating to a “market perform” rating in a report on Thursday, January 17th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $13.50.
Covia stock traded down $0.26 during midday trading on Thursday, hitting $4.92. 216,958 shares of the company’s stock were exchanged, compared to its average volume of 426,093. Covia has a 12 month low of $3.23 and a 12 month high of $30.00.
Covia Company Profile
Covia Holdings Corporation provides minerals and material solutions for the industrial and energy markets. The company offers various mineral solutions to the glass, ceramics, coatings, polymers, construction, water filtration, sports, and recreation markets. It also offers a range of high-purity silica sand, nepheline syenite, feldspar, clay, kaolin, lime, resin systems, and coated materials.
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