Commercial Vehicle Group (NASDAQ:CVGI) Announces Quarterly Earnings Results

Commercial Vehicle Group (NASDAQ:CVGI) posted its earnings results on Monday. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.11), Yahoo Finance reports. The firm had revenue of $229.91 million during the quarter, compared to analyst estimates of $237.69 million. Commercial Vehicle Group had a net margin of 4.53% and a return on equity of 15.85%. During the same quarter in the prior year, the firm earned $0.32 earnings per share.

Commercial Vehicle Group Stock Performance

NASDAQ CVGI opened at $3.98 on Wednesday. The stock’s fifty day moving average is $5.11 and its two-hundred day moving average is $5.81. The firm has a market capitalization of $136.82 million, a P/E ratio of 3.04, a price-to-earnings-growth ratio of 0.31 and a beta of 2.52. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.48 and a current ratio of 2.30. Commercial Vehicle Group has a fifty-two week low of $3.76 and a fifty-two week high of $10.74.

Wall Street Analyst Weigh In

Separately, Barrington Research restated an “outperform” rating and set a $10.00 price objective on shares of Commercial Vehicle Group in a research report on Monday.

Commercial Vehicle Group Company Profile

Commercial Vehicle Group, Inc, together with its subsidiaries, designs, manufactures, assembles, and sells systems, assemblies, and components to commercial and electric vehicle, and industrial automation markets in North America, Europe, and the Asia-Pacific regions. The company operates in four segments: Vehicle Solutions, Electrical Systems, Aftermarket & Accessories, and Industrial Automation.