Commercial Vehicle Group (CVGI) Releases Quarterly Earnings Results

Commercial Vehicle Group (NASDAQ:CVGI) posted its earnings results on Monday, March 12th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.01), Briefing.com reports. The firm had revenue of $188.30 million for the quarter, compared to analysts’ expectations of $191.10 million. Commercial Vehicle Group had a positive return on equity of 18.39% and a negative net margin of 0.23%. The company’s revenue was up 25.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.02 earnings per share.

NASDAQ CVGI traded up $0.09 during trading on Thursday, reaching $7.68. The company’s stock had a trading volume of 350,898 shares, compared to its average volume of 371,403. Commercial Vehicle Group has a twelve month low of $5.55 and a twelve month high of $13.90. The company has a debt-to-equity ratio of 2.19, a quick ratio of 1.42 and a current ratio of 2.22. The firm has a market cap of $228.50, a PE ratio of 17.45 and a beta of 1.50.

Several analysts recently weighed in on CVGI shares. BidaskClub downgraded shares of Commercial Vehicle Group from a “hold” rating to a “sell” rating in a report on Saturday, February 17th. Zacks Investment Research raised shares of Commercial Vehicle Group from a “hold” rating to a “strong-buy” rating and set a $12.00 price objective for the company in a research report on Tuesday, January 2nd. Finally, ValuEngine cut shares of Commercial Vehicle Group from a “buy” rating to a “hold” rating in a research report on Monday, March 19th.

An institutional investor recently raised its position in Commercial Vehicle Group stock. State Street Corp raised its holdings in Commercial Vehicle Group (NASDAQ:CVGI) by 1,663.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 278,477 shares of the company’s stock after purchasing an additional 262,686 shares during the period. State Street Corp owned 0.93% of Commercial Vehicle Group worth $2,353,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 76.29% of the company’s stock.

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Commercial Vehicle Group Company Profile

Commercial Vehicle Group, Inc, together with its subsidiaries, designs, engineers, produces, and sells a range of cab related products and systems in North America, Europe, and the Asia Pacific regions. It operates through two segments, the Global Truck and Bus, and the Global Construction and Agriculture.

Earnings History for Commercial Vehicle Group (NASDAQ:CVGI)

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