Commercial Vehicle Group, Inc. (CVGI) to Release Quarterly Earnings on Wednesday
Commercial Vehicle Group, Inc. (NASDAQ:CVGI) will be issuing its quarterly earnings data after the market closes on Wednesday, November 1st. Analysts expect the company to announce earnings of $0.05 per share for the quarter.
Commercial Vehicle Group (NASDAQ:CVGI) last posted its quarterly earnings data on Monday, August 7th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.05). The company had revenue of $195.13 million during the quarter, compared to the consensus estimate of $186.20 million. Commercial Vehicle Group had a net margin of 0.34% and a return on equity of 10.65%. The company’s revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.10 earnings per share. On average, analysts expect Commercial Vehicle Group to post $0.36 EPS for the current fiscal year and $0.83 EPS for the next fiscal year.
Shares of Commercial Vehicle Group, Inc. (CVGI) opened at 8.49 on Wednesday. Commercial Vehicle Group, Inc. has a 52-week low of $4.36 and a 52-week high of $9.62. The company has a 50-day moving average of $7.21 and a 200 day moving average of $7.77. The company has a market capitalization of $253.62 million, a PE ratio of 111.71 and a beta of 0.80.
An institutional investor recently raised its position in Commercial Vehicle Group stock. State Street Corp lifted its position in shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI) by 1,663.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 278,477 shares of the company’s stock after purchasing an additional 262,686 shares during the period. State Street Corp owned 0.93% of Commercial Vehicle Group worth $2,353,000 at the end of the most recent quarter. Institutional investors and hedge funds own 71.95% of the company’s stock.
Separately, Zacks Investment Research upgraded shares of Commercial Vehicle Group from a “hold” rating to a “buy” rating and set a $8.75 price target for the company in a report on Thursday, October 19th.
About Commercial Vehicle Group
Commercial Vehicle Group, Inc is a supplier of a range of cab-related products and systems. The Company operates through two segments: the Global Truck and Bus Segment (GTB Segment) and the Global Construction and Agriculture Segment (GCA Segment). The GTB Segment manufactures and sells products, which include Seats, Trim, sleeper boxes, cab structures, structural components and body panels, and mirrors and wiper systems.
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