CV Holdings Inc (NYSE:CBF) Releases Earnings Results, Beats Estimates By $0.02 EPS
CV Holdings Inc (NYSE:CBF) posted its earnings results on Thursday. The company reported $0.50 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.02, Yahoo Finance reports. The company had revenue of $101.24 million during the quarter, compared to the consensus estimate of $99.11 million.
CV Holdings (CBF) remained flat at $38.55 during mid-day trading on Friday. The company’s stock had a trading volume of 58,123 shares. The company has a 50-day moving average price of $38.10 and a 200-day moving average price of $39.76. CV Holdings has a 52-week low of $28.84 and a 52-week high of $45.00. The firm has a market cap of $1.99 billion and a price-to-earnings ratio of 26.59.
A number of research analysts have recently weighed in on the company. Zacks Investment Research lowered CV Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, June 21st. FBR & Co lowered CV Holdings from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $45.00 to $44.00 in a report on Monday, April 24th. Barclays PLC restated an “overweight” rating and issued a $44.00 target price (up previously from $42.00) on shares of CV Holdings in a report on Tuesday, April 11th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $41.00 target price on shares of CV Holdings in a report on Wednesday, April 5th. Finally, Brean Capital lowered CV Holdings from a “buy” rating to a “hold” rating in a report on Monday, May 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. CV Holdings has an average rating of “Hold” and an average price target of $42.67.
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