Analysts Anticipate Commercial Vehicle Group, Inc. (NASDAQ:CVGI) to Post $0.22 EPS

Brokerages expect Commercial Vehicle Group, Inc. (NASDAQ:CVGI) to announce $0.22 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Commercial Vehicle Group’s earnings. The highest EPS estimate is $0.26 and the lowest is $0.18. Commercial Vehicle Group posted earnings per share of ($0.05) in the same quarter last year, which would suggest a positive year-over-year growth rate of 540%. The company is expected to announce its next earnings results on Tuesday, March 8th.

According to Zacks, analysts expect that Commercial Vehicle Group will report full-year earnings of $1.07 per share for the current year, with EPS estimates ranging from $1.03 to $1.11. For the next year, analysts expect that the company will post earnings of $1.40 per share, with EPS estimates ranging from $1.26 to $1.51. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Commercial Vehicle Group.

Commercial Vehicle Group (NASDAQ:CVGI) last released its quarterly earnings data on Monday, November 1st. The company reported $0.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.05). The business had revenue of $239.61 million during the quarter, compared to analysts’ expectations of $255.67 million. Commercial Vehicle Group had a return on equity of 24.16% and a net margin of 1.77%. During the same quarter in the previous year, the company posted $0.21 EPS.

Several research analysts have issued reports on CVGI shares. Barrington Research cut their price objective on Commercial Vehicle Group from $17.00 to $15.00 and set an “outperform” rating for the company in a research report on Friday, November 5th. Zacks Investment Research lowered Commercial Vehicle Group from a “hold” rating to a “strong sell” rating in a report on Friday, November 5th.

NASDAQ:CVGI traded up $0.26 during trading hours on Friday, hitting $8.46. The company’s stock had a trading volume of 111,675 shares, compared to its average volume of 109,067. The business’s 50-day moving average is $8.38 and its two-hundred day moving average is $9.20. The company has a market capitalization of $278.99 million, a PE ratio of 16.27, a PEG ratio of 0.34 and a beta of 3.50. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.23 and a current ratio of 1.96. Commercial Vehicle Group has a 52-week low of $6.92 and a 52-week high of $13.61.

A number of institutional investors have recently bought and sold shares of the business. Parametric Portfolio Associates LLC grew its holdings in Commercial Vehicle Group by 5.7% in the second quarter. Parametric Portfolio Associates LLC now owns 19,955 shares of the company’s stock valued at $212,000 after purchasing an additional 1,069 shares during the last quarter. Royal Bank of Canada grew its holdings in Commercial Vehicle Group by 14.6% in the third quarter. Royal Bank of Canada now owns 11,935 shares of the company’s stock valued at $113,000 after purchasing an additional 1,520 shares during the last quarter. Bank of America Corp DE grew its holdings in Commercial Vehicle Group by 72.8% in the second quarter. Bank of America Corp DE now owns 5,700 shares of the company’s stock valued at $60,000 after purchasing an additional 2,401 shares during the last quarter. Occudo Quantitative Strategies LP grew its holdings in Commercial Vehicle Group by 14.2% in the second quarter. Occudo Quantitative Strategies LP now owns 19,973 shares of the company’s stock valued at $212,000 after purchasing an additional 2,479 shares during the last quarter. Finally, Ameritas Investment Partners Inc. acquired a new stake in shares of Commercial Vehicle Group during the second quarter valued at $27,000. 57.03% of the stock is currently owned by institutional investors.

Commercial Vehicle Group Company Profile

Commercial Vehicle Group, Inc engages in the manufacture, supply, and sale of cab related products and systems. It operates through Electrical Systems and Global Seating segments. The Electrical Systems segment includes electrical wire harnesses and panel assemblies, trim systems and components, cab structures and sleeper boxes, mirrors, wipers, and controls.

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