Commercial Vehicle Group (CVGI) Issues Quarterly Earnings Results

Commercial Vehicle Group (NASDAQ:CVGI) announced its quarterly earnings data on Monday. The company reported $0.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.01), reports. The firm had revenue of $188.30 million during the quarter, compared to the consensus estimate of $191.10 million. Commercial Vehicle Group had a return on equity of 14.58% and a net margin of 0.82%. The firm’s revenue for the quarter was up 25.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.02 EPS.

Shares of Commercial Vehicle Group (NASDAQ:CVGI) opened at $11.12 on Tuesday. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.44 and a current ratio of 2.09. Commercial Vehicle Group has a 12 month low of $5.35 and a 12 month high of $13.90. The firm has a market cap of $337.55, a P/E ratio of 58.53 and a beta of 1.31.

A hedge fund recently raised its stake in Commercial Vehicle Group stock. State Street Corp grew its stake in shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI) by 1,663.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 278,477 shares of the company’s stock after acquiring an additional 262,686 shares during the period. State Street Corp owned about 0.93% of Commercial Vehicle Group worth $2,353,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 77.44% of the company’s stock.

CVGI has been the subject of several analyst reports. ValuEngine downgraded shares of Commercial Vehicle Group from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. Zacks Investment Research raised shares of Commercial Vehicle Group from a “hold” rating to a “strong-buy” rating and set a $13.00 price objective for the company in a research note on Wednesday, January 17th. Finally, BidaskClub downgraded shares of Commercial Vehicle Group from a “buy” rating to a “hold” rating in a research note on Tuesday, January 30th.

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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.

Earnings History for Commercial Vehicle Group (NASDAQ:CVGI)

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