Celadon Group (CGI) Announces Quarterly Earnings, Misses Estimates By $0.03 EPS
Celadon Group (NYSE:CGI) released its earnings data on Friday. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by $0.03, American Banking and Market News reports. The company had revenue of $193.60 million for the quarter, compared to the consensus estimate of $182.17 million.
A number of research firms have recently commented on CGI. Analysts at Sidoti downgraded shares of Celadon Group from a “buy” rating to a “neutral” rating in a research note to investors on Friday, January 24th. On a related note, analysts at Zacks downgraded shares of Celadon Group from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, January 21st. They now have a $19.10 price target on the stock. Finally, analysts at Stifel Nicolaus downgraded shares of Celadon Group from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, January 14th. They now have a $19.00 price target on the stock, down previously from $22.00. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. Celadon Group has a consensus rating of “Hold” and an average price target of $22.01.
Shares of Celadon Group (NYSE:CGI) opened at 19.19 on Friday. Celadon Group has a one year low of $16.29 and a one year high of $21.99. The stock’s 50-day moving average is $19.75 and its 200-day moving average is $19.12. The company has a market cap of $440.1 million and a P/E ratio of 17.41.
The company also recently announced a quarterly dividend, which is scheduled for Friday, April 18th. Stockholders of record on Friday, April 4th will be paid a dividend of 0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.42%.
Celadon Group, Inc (NYSE:CGI) is engaged in the business of truckload carriers.
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