Colliers Securities Weighs in on Commercial Vehicle Group, Inc.’s Q1 2021 Earnings (NASDAQ:CVGI)


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Commercial Vehicle Group, Inc. (NASDAQ:CVGI) – Stock analysts at Colliers Securities lowered their Q1 2021 earnings estimates for Commercial Vehicle Group in a report issued on Monday, April 19th. Colliers Securities analyst M. Shlisky now anticipates that the company will post earnings per share of $0.06 for the quarter, down from their prior forecast of $0.11.

Commercial Vehicle Group (NASDAQ:CVGI) last posted its earnings results on Wednesday, March 10th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.09). The firm had revenue of $216.00 million for the quarter, compared to analyst estimates of $188.70 million. Commercial Vehicle Group had a negative return on equity of 7.44% and a negative net margin of 5.85%.

Other analysts have also issued reports about the company. Zacks Investment Research lowered Commercial Vehicle Group from a “hold” rating to a “strong sell” rating in a research report on Friday, March 12th. TheStreet upgraded Commercial Vehicle Group from a “d” rating to a “c-” rating in a report on Wednesday, February 3rd. One research analyst has rated the stock with a sell rating and three have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $6.50.

Shares of CVGI stock opened at $9.25 on Tuesday. The company has a debt-to-equity ratio of 1.55, a current ratio of 2.03 and a quick ratio of 1.42. The company’s fifty day moving average price is $9.90 and its two-hundred day moving average price is $8.44. The firm has a market capitalization of $300.75 million, a P/E ratio of -7.06, a P/E/G ratio of 1.13 and a beta of 3.40. Commercial Vehicle Group has a 12 month low of $1.24 and a 12 month high of $11.25.

Institutional investors have recently modified their holdings of the company. Metropolitan Life Insurance Co NY bought a new position in shares of Commercial Vehicle Group during the first quarter worth about $67,000. JPMorgan Chase & Co. acquired a new stake in Commercial Vehicle Group during the third quarter valued at approximately $84,000. Squarepoint Ops LLC bought a new position in Commercial Vehicle Group during the 3rd quarter worth approximately $592,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of Commercial Vehicle Group in the 3rd quarter worth approximately $308,000. Finally, Ibex Investors LLC bought a new stake in shares of Commercial Vehicle Group in the 4th quarter valued at approximately $761,000. Institutional investors and hedge funds own 51.93% of the company’s stock.

Commercial Vehicle Group Company Profile

Commercial Vehicle Group, Inc, together with its subsidiaries, designs, manufactures, produces, and sells components and assemblies to the global vehicle and the U.S. technology integrator markets in North America, Europe, and the Asia-Pacific regions. It operates in two segments, Electrical Systems and Global Seating.

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