Seaport Global Securities Comments on Commercial Vehicle Group, Inc.’s Q1 2018 Earnings (CVGI)
Commercial Vehicle Group, Inc. (NASDAQ:CVGI) – Equities research analysts at Seaport Global Securities upped their Q1 2018 earnings per share (EPS) estimates for Commercial Vehicle Group in a report released on Tuesday. Seaport Global Securities analyst M. Shlisky now forecasts that the company will post earnings of $0.36 per share for the quarter, up from their prior forecast of $0.33. Seaport Global Securities also issued estimates for Commercial Vehicle Group’s Q4 2018 earnings at $0.23 EPS, FY2018 earnings at $1.22 EPS and FY2019 earnings at $1.01 EPS.
Commercial Vehicle Group (NASDAQ:CVGI) last posted its earnings results on Monday, November 6th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.05 by $0.11. Commercial Vehicle Group had a return on equity of 14.58% and a net margin of 0.82%. The company had revenue of $198.30 million for the quarter, compared to the consensus estimate of $173.90 million. During the same quarter in the prior year, the business earned $0.07 earnings per share. The firm’s revenue for the quarter was up 29.1% on a year-over-year basis.
Commercial Vehicle Group (NASDAQ CVGI) traded up $0.56 during trading on Wednesday, hitting $11.44. The stock had a trading volume of 221,800 shares, compared to its average volume of 212,070. Commercial Vehicle Group has a 52 week low of $5.15 and a 52 week high of $11.85. The company has a quick ratio of 1.44, a current ratio of 2.09 and a debt-to-equity ratio of 2.10. The firm has a market capitalization of $333.56, a P/E ratio of 60.21 and a beta of 1.00.
Large investors have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. bought a new position in Commercial Vehicle Group during the second quarter valued at approximately $359,000. Rhumbline Advisers acquired a new position in shares of Commercial Vehicle Group in the 2nd quarter valued at $225,000. Bank of New York Mellon Corp lifted its stake in shares of Commercial Vehicle Group by 58.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 183,091 shares of the company’s stock valued at $1,547,000 after purchasing an additional 67,230 shares during the period. Federated Investors Inc. PA lifted its stake in shares of Commercial Vehicle Group by 16.1% in the 2nd quarter. Federated Investors Inc. PA now owns 91,390 shares of the company’s stock valued at $772,000 after purchasing an additional 12,703 shares during the period. Finally, Teachers Advisors LLC acquired a new position in shares of Commercial Vehicle Group in the 2nd quarter valued at $378,000. 76.44% of the stock is currently owned by institutional investors and hedge funds.
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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.
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