Covenant Transportation Group (CVTI) Announces Quarterly Earnings Results, Beats Estimates By $0.04 EPS
Covenant Transportation Group (NASDAQ:CVTI) released its earnings data on Thursday. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.04, AR Network reports. The company had revenue of $170.80 million for the quarter, compared to the consensus estimate of $169.65 million. During the same quarter in the previous year, the company posted $0.07 earnings per share. The company’s revenue for the quarter was up 1.4% on a year-over-year basis.
Shares of Covenant Transportation Group (NASDAQ:CVTI) traded up 1.59% on Thursday, hitting $6.37. The stock had a trading volume of 30,692 shares. Covenant Transportation Group has a 1-year low of $4.49 and a 1-year high of $7.50. The stock has a 50-day moving average of $6.02 and a 200-day moving average of $5.96. The company has a market cap of $94.7 million and a price-to-earnings ratio of 38.94.
Covenant Transportation Group, Inc is a carrier for transportation companies, such as freight forwarders, less-than-truckload carriers, and third-party logistics providers that require a high level of service to support their businesses, as well as for traditional truckload customers, such as manufacturers, retailers, and food and beverage shippers.
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