Covia Holdings (NASDAQ:CVIA) – Stock analysts at Jefferies Financial Group decreased their FY2018 earnings per share (EPS) estimates for shares of Covia in a note issued to investors on Wednesday, November 14th. Jefferies Financial Group analyst S. Pant now forecasts that the company will post earnings per share of $0.61 for the year, down from their prior forecast of $1.16. Jefferies Financial Group has a “Hold” rating and a $8.00 price objective on the stock. Jefferies Financial Group also issued estimates for Covia’s Q4 2018 earnings at ($0.33) EPS, Q1 2019 earnings at ($0.30) EPS, Q2 2019 earnings at ($0.20) EPS, Q3 2019 earnings at ($0.15) EPS, Q4 2019 earnings at ($0.21) EPS, FY2019 earnings at ($0.85) EPS and FY2020 earnings at ($0.40) EPS.

Several other research firms have also recently weighed in on CVIA. Royal Bank of Canada restated a “buy” rating and set a $18.00 target price on shares of Covia in a research note on Wednesday, August 15th. Piper Jaffray Companies reiterated a “buy” rating and issued a $17.50 price objective on shares of Covia in a research note on Friday, August 17th. Zacks Investment Research cut Covia from a “hold” rating to a “strong sell” rating in a research note on Monday, August 20th. Johnson Rice cut Covia from an “accumulate” rating to a “hold” rating in a research note on Monday, August 20th. Finally, Cowen reiterated a “buy” rating and issued a $19.00 price objective on shares of Covia in a research note on Thursday, August 16th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $14.06.

CVIA stock opened at $7.01 on Monday. Covia has a fifty-two week low of $4.59 and a fifty-two week high of $30.00.

Covia (NASDAQ:CVIA) last posted its earnings results on Wednesday, November 14th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.21). The company had revenue of $523.40 million during the quarter, compared to analysts’ expectations of $615.07 million. Covia’s revenue was up 50.5% on a year-over-year basis.

Hedge funds and other institutional investors have recently modified their holdings of the business. James Investment Research Inc. bought a new position in shares of Covia during the 2nd quarter valued at approximately $1,251,000. Perella Weinberg Partners Capital Management LP bought a new position in shares of Covia during the 2nd quarter valued at approximately $4,621,000. Sterling Investment Advisors Ltd. bought a new position in shares of Covia during the 2nd quarter valued at approximately $111,000. Shaker Investments LLC OH bought a new position in shares of Covia during the 2nd quarter valued at approximately $1,248,000. Finally, Algert Global LLC bought a new position in shares of Covia during the 2nd quarter valued at approximately $579,000.

About Covia

There is no company description available for Covia Holdings Corp.

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Earnings History and Estimates for Covia (NASDAQ:CVIA)

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