Covia (CVIA) Announces Quarterly Earnings Results
Covia (NASDAQ:CVIA) released its earnings results on Tuesday. The company reported $0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.62), Briefing.com reports. The business had revenue of $508.42 million for the quarter, compared to analysts’ expectations of $595.59 million. The business’s revenue for the quarter was up 56.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.25 earnings per share.
Shares of NASDAQ CVIA traded down $0.72 during trading on Wednesday, hitting $12.99. 2,137 shares of the company traded hands, compared to its average volume of 383,998. Covia has a 1 year low of $13.48 and a 1 year high of $30.00.
Several analysts have commented on CVIA shares. Guggenheim reaffirmed a “neutral” rating on shares of Covia in a research note on Friday, July 6th. Credit Suisse Group started coverage on shares of Covia in a research note on Friday, June 8th. They issued a “neutral” rating and a $24.00 target price for the company. Piper Jaffray Companies began coverage on shares of Covia in a research note on Monday, June 18th. They issued an “overweight” rating and a $24.00 target price for the company. Finally, Seaport Global Securities reissued a “buy” rating on shares of Covia in a research note on Friday, June 1st.
There is no company description available for Covia Holdings Corp.
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