Covenant Logistics Group (NASDAQ:CVLG – Get Free Report) issued its earnings results on Wednesday. The company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.01, Yahoo Finance reports. The firm had revenue of $287.89 million for the quarter. Covenant Logistics Group had a net margin of 3.76% and a return on equity of 13.78%. During the same quarter in the prior year, the company posted $1.13 EPS.
Covenant Logistics Group Stock Performance
CVLG stock traded down $0.46 during trading on Friday, reaching $50.90. The stock had a trading volume of 65,870 shares, compared to its average volume of 61,205. The firm has a market cap of $665.36 million, a PE ratio of 16.54 and a beta of 1.34. The company has a current ratio of 1.08, a quick ratio of 1.05 and a debt-to-equity ratio of 0.48. The stock’s 50 day moving average is $52.33 and its two-hundred day moving average is $49.66. Covenant Logistics Group has a 52 week low of $38.25 and a 52 week high of $56.96.
Covenant Logistics Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 6th were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date was Friday, September 6th. Covenant Logistics Group’s dividend payout ratio (DPR) is presently 14.10%.
Insider Buying and Selling at Covenant Logistics Group
Wall Street Analysts Forecast Growth
Separately, TD Cowen lowered their price objective on Covenant Logistics Group from $70.00 to $69.00 and set a “buy” rating on the stock in a research report on Friday.
View Our Latest Report on Covenant Logistics Group
About Covenant Logistics Group
Covenant Logistics Group, Inc, together with its subsidiaries, provides transportation and logistics services in the United States. It operates through four segments: Expedited, Dedicated, Managed Freight, and Warehousing. The Expedited segment primarily provides truckload services with high service freight and delivery standards, such as 1,000 miles in 22 hours or 15-minute delivery windows.
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