Commercial Vehicle Group, Inc. (NASDAQ:CVGI) – Research analysts at Seaport Global Securities upped their Q4 2017 earnings per share (EPS) estimates for Commercial Vehicle Group in a research note issued to investors on Tuesday. Seaport Global Securities analyst M. Shlisky now expects that the company will earn $0.14 per share for the quarter, up from their prior forecast of $0.10. Seaport Global Securities currently has a “Buy” rating and a $8.50 target price on the stock. Seaport Global Securities also issued estimates for Commercial Vehicle Group’s Q1 2018 earnings at $0.28 EPS, Q3 2018 earnings at $0.14 EPS, Q4 2018 earnings at $0.16 EPS, FY2018 earnings at $0.79 EPS and FY2019 earnings at $0.92 EPS.

Commercial Vehicle Group (NASDAQ:CVGI) last issued its earnings results on Monday, August 7th. The company reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by $0.05. The company had revenue of $195.13 million for the quarter, compared to analyst estimates of $186.20 million. Commercial Vehicle Group had a return on equity of 10.65% and a net margin of 0.34%. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.10 earnings per share. COPYRIGHT VIOLATION WARNING: This piece was published by Daily Political and is the sole property of of Daily Political. If you are accessing this piece on another website, it was illegally copied and reposted in violation of international trademark & copyright legislation. The correct version of this piece can be accessed at https://www.dailypolitical.com/2017/08/10/q4-2017-eps-estimates-for-commercial-vehicle-group-inc-cvgi-increased-by-analyst.html.

Shares of Commercial Vehicle Group (NASDAQ CVGI) traded up 1.50% on Thursday, hitting $6.75. The stock had a trading volume of 88,770 shares. The company’s 50 day moving average is $8.40 and its 200 day moving average is $7.47. The stock has a market cap of $201.64 million, a PE ratio of 88.82 and a beta of 0.66. Commercial Vehicle Group has a one year low of $4.05 and a one year high of $9.62.

Institutional investors have recently made changes to their positions in the stock. Eagle Boston Investment Management Inc. raised its position in shares of Commercial Vehicle Group by 3.0% in the second quarter. Eagle Boston Investment Management Inc. now owns 1,024,538 shares of the company’s stock worth $8,657,000 after buying an additional 30,189 shares during the period. Royce & Associates LP raised its position in shares of Commercial Vehicle Group by 17.5% in the second quarter. Royce & Associates LP now owns 1,848,637 shares of the company’s stock worth $15,621,000 after buying an additional 274,781 shares during the period. Federated Investors Inc. PA raised its position in shares of Commercial Vehicle Group by 16.1% in the second quarter. Federated Investors Inc. PA now owns 91,390 shares of the company’s stock worth $772,000 after buying an additional 12,703 shares during the period. Cadence Capital Management LLC raised its position in shares of Commercial Vehicle Group by 4.8% in the second quarter. Cadence Capital Management LLC now owns 157,450 shares of the company’s stock worth $1,330,000 after buying an additional 7,253 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Commercial Vehicle Group by 58.0% in the second quarter. Bank of New York Mellon Corp now owns 183,091 shares of the company’s stock worth $1,547,000 after buying an additional 67,230 shares during the period. Institutional investors own 59.79% of the company’s stock.

Commercial Vehicle Group Company Profile

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 and Estimates for Commercial Vehicle Group (NASDAQ:CVGI)

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