CPI Aerostructures, Inc. (NYSEMKT:CVU) released its earnings results on Tuesday. The aerospace company reported $0.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.02, Bloomberg Earnings reports. The company had revenue of $16.73 million during the quarter, compared to the consensus estimate of $17.57 million. CPI Aerostructures had a return on equity of 7.32% and a net margin of 6.24%. The company’s revenue was down 24.9% compared to the same quarter last year.

CPI Aerostructures (NYSEMKT:CVU) opened at 9.30 on Tuesday. The stock has a market capitalization of $82.14 million, a PE ratio of 11.92 and a beta of 0.79. CPI Aerostructures has a 52 week low of $5.55 and a 52 week high of $10.15. The firm has a 50-day moving average price of $9.33 and a 200-day moving average price of $7.92.

COPYRIGHT VIOLATION NOTICE: “CPI Aerostructures, Inc. (CVU) Announces Earnings Results, Beats Expectations By $0.02 EPS” was originally published by American Banking News and is owned by of American Banking News. If you are reading this article on another site, it was copied illegally and republished in violation of US and international copyright & trademark laws. The correct version of this article can be read at https://www.americanbankingnews.com/2017/08/08/cpi-aerostructures-inc-cvu-announces-earnings-results-beats-expectations-by-0-02-eps.html.

Several large investors have recently bought and sold shares of CVU. Heartland Advisors Inc. raised its stake in CPI Aerostructures by 25.6% in the first quarter. Heartland Advisors Inc. now owns 770,000 shares of the aerospace company’s stock valued at $5,198,000 after buying an additional 156,900 shares during the last quarter. Royce & Associates LP raised its stake in CPI Aerostructures by 13.6% in the first quarter. Royce & Associates LP now owns 712,866 shares of the aerospace company’s stock valued at $4,812,000 after buying an additional 85,600 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in CPI Aerostructures by 22.4% in the first quarter. Dimensional Fund Advisors LP now owns 307,071 shares of the aerospace company’s stock valued at $2,073,000 after buying an additional 56,211 shares during the last quarter. Russell Investments Group Ltd. raised its stake in CPI Aerostructures by 8.3% in the second quarter. Russell Investments Group Ltd. now owns 81,803 shares of the aerospace company’s stock valued at $769,000 after buying an additional 6,300 shares during the last quarter. Finally, New Jersey Better Educational Savings Trust bought a new stake in CPI Aerostructures during the first quarter valued at about $351,000.

A number of analysts recently weighed in on the company. B. Riley restated a “buy” rating and issued a $9.50 target price on shares of CPI Aerostructures in a research report on Thursday, May 4th. ValuEngine downgraded CPI Aerostructures from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 9th. TheStreet upgraded CPI Aerostructures from a “d+” rating to a “c-” rating in a research report on Tuesday, May 23rd. Noble Financial upgraded CPI Aerostructures from a “hold” rating to a “buy” rating in a research report on Wednesday, May 10th. Finally, Zacks Investment Research upgraded CPI Aerostructures from a “sell” rating to a “hold” rating in a research report on Tuesday, May 9th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $9.75.

About CPI Aerostructures

CPI Aerostructures, Inc (CPI Aero) is a supplier of aircraft parts for fixed wing aircraft and helicopters in both the commercial and defense markets in the United States. The Company is a manufacturer of structural aircraft parts and aerosystems. It is also a contractor to the United States Department of Defense, primarily the Air Force.

Earnings History for CPI Aerostructures (NYSEMKT:CVU)

Receive News & Ratings for CPI Aerostructures Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CPI Aerostructures Inc. and related companies with MarketBeat.com's FREE daily email newsletter.