Covia Holdings (NASDAQ:CVIA) – Equities researchers at Piper Jaffray Companies issued their Q1 2021 EPS estimates for Covia in a research note issued to investors on Thursday, November 7th. Piper Jaffray Companies analyst J. Watson forecasts that the company will post earnings per share of ($0.19) for the quarter. Piper Jaffray Companies also issued estimates for Covia’s Q2 2021 earnings at ($0.12) EPS, Q3 2021 earnings at ($0.11) EPS and FY2021 earnings at ($0.58) EPS.
Covia (NASDAQ:CVIA) last announced its quarterly earnings results on Wednesday, November 6th. The company reported ($0.23) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.16) by ($0.07). The business had revenue of $408.96 million for the quarter, compared to analyst estimates of $445.41 million. The firm’s revenue for the quarter was down 21.9% compared to the same quarter last year. During the same period in the prior year, the firm earned ($2.20) earnings per share.
Several other equities research analysts have also recently commented on the stock. Zacks Investment Research raised shares of Covia from a “sell” rating to a “hold” rating in a research report on Tuesday, October 29th. Morgan Stanley dropped their target price on shares of Covia from $2.50 to $2.00 and set an “underweight” rating for the company in a research report on Monday, October 7th. Finally, Barclays raised shares of Covia from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $2.00 to $3.00 in a research report on Tuesday, August 13th. Four equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $4.50.
Shares of NASDAQ:CVIA traded down $0.10 on Friday, hitting $1.52. The company had a trading volume of 155,800 shares, compared to its average volume of 535,128. The firm’s 50-day simple moving average is $1.73 and its two-hundred day simple moving average is $2.27. Covia has a 1 year low of $1.28 and a 1 year high of $7.49.
In related news, CFO Andrew Eich bought 20,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was purchased at an average cost of $1.51 per share, with a total value of $30,200.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.
Several large investors have recently bought and sold shares of the company. Clearstead Advisors LLC lifted its position in shares of Covia by 7.4% in the 2nd quarter. Clearstead Advisors LLC now owns 3,099,701 shares of the company’s stock worth $6,075,000 after purchasing an additional 212,593 shares during the period. BlackRock Inc. increased its stake in shares of Covia by 28.3% in the 2nd quarter. BlackRock Inc. now owns 2,721,371 shares of the company’s stock worth $5,332,000 after acquiring an additional 600,107 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Covia by 3.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,439,760 shares of the company’s stock worth $2,822,000 after acquiring an additional 47,308 shares in the last quarter. Northern Trust Corp increased its stake in shares of Covia by 3.6% in the 2nd quarter. Northern Trust Corp now owns 425,674 shares of the company’s stock worth $834,000 after acquiring an additional 14,722 shares in the last quarter. Finally, Morgan Stanley increased its stake in shares of Covia by 273.8% in the 2nd quarter. Morgan Stanley now owns 307,984 shares of the company’s stock worth $602,000 after acquiring an additional 225,587 shares in the last quarter.
Covia Holdings Corporation provides minerals and material solutions for the industrial and energy markets. The company offers various mineral solutions to the glass, ceramics, coatings, polymers, construction, water filtration, sports, and recreation markets. It also offers a range of high-purity silica sand, nepheline syenite, feldspar, clay, kaolin, lime, resin systems, and coated materials.
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