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.
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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.
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