Analysts Expect Commercial Vehicle Group, Inc. (CVGI) to Post $0.13 EPS
Commercial Vehicle Group, Inc. (NASDAQ:CVGI) has been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Brokerages have set a 12 month consensus target price of $12.00 for the company and are forecasting that the company will post $0.13 EPS for the current quarter, according to Zacks. Zacks has also given Commercial Vehicle Group an industry rank of 47 out of 265 based on the ratings given to its competitors.
Several research analysts recently issued reports on CVGI shares. Zacks Investment Research cut shares of Commercial Vehicle Group from a “buy” rating to a “hold” rating in a report on Friday, August 11th. ValuEngine raised shares of Commercial Vehicle Group from a “hold” rating to a “buy” rating in a report on Tuesday, November 7th.
Commercial Vehicle Group (NASDAQ CVGI) traded down $0.05 during midday trading on Thursday, reaching $11.12. 87,840 shares of the company traded hands, compared to its average volume of 243,470. The stock has a market capitalization of $342.82, a PE ratio of 32.71 and a beta of 0.85. Commercial Vehicle Group has a 52-week low of $4.95 and a 52-week high of $11.60. The company has a quick ratio of 1.44, a current ratio of 2.09 and a debt-to-equity ratio of 2.10.
Commercial Vehicle Group (NASDAQ:CVGI) last posted its quarterly earnings results on Monday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.11. The firm had revenue of $198.30 million during the quarter, compared to analysts’ expectations of $173.90 million. Commercial Vehicle Group had a net margin of 0.82% and a return on equity of 14.58%. The firm’s revenue for the quarter was up 29.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.07 earnings per share. equities research analysts predict that Commercial Vehicle Group will post 0.32 earnings per share for the current year.
A number of institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp increased its holdings in Commercial Vehicle Group by 1.3% in the first quarter. Bank of New York Mellon Corp now owns 115,861 shares of the company’s stock valued at $785,000 after buying an additional 1,439 shares in the last quarter. Ironwood Investment Management LLC grew its position in shares of Commercial Vehicle Group by 1.0% in the second quarter. Ironwood Investment Management LLC now owns 260,190 shares of the company’s stock valued at $2,199,000 after purchasing an additional 2,500 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of Commercial Vehicle Group by 54.7% in the third quarter. Wells Fargo & Company MN now owns 15,312 shares of the company’s stock valued at $113,000 after purchasing an additional 5,412 shares during the last quarter. Cadence Capital Management LLC grew its position in shares of Commercial Vehicle Group by 4.8% in the second quarter. Cadence Capital Management LLC now owns 157,450 shares of the company’s stock valued at $1,330,000 after purchasing an additional 7,253 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Commercial Vehicle Group by 0.8% in the first quarter. Vanguard Group Inc. now owns 1,131,065 shares of the company’s stock valued at $7,658,000 after purchasing an additional 9,295 shares during the last quarter. 76.04% of the stock is owned by institutional investors.
Commercial Vehicle Group Company Profile
Commercial Vehicle Group, Inc is a supplier of a range of cab-related products and systems. The Company operates through two segments: the Global Truck and Bus Segment (GTB Segment) and the Global Construction and Agriculture Segment (GCA Segment). The GTB Segment manufactures and sells products, which include Seats, Trim, sleeper boxes, cab structures, structural components and body panels, and mirrors and wiper systems.
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