Analysts forecast that Commercial Vehicle Group, Inc. (NASDAQ:CVGI) will report earnings per share (EPS) of $0.28 for the current quarter, Zacks reports. Two analysts have issued estimates for Commercial Vehicle Group’s earnings. Commercial Vehicle Group reported earnings per share of ($0.24) in the same quarter last year, which would suggest a positive year-over-year growth rate of 216.7%. The company is scheduled to issue its next earnings results on Monday, August 9th.
On average, analysts expect that Commercial Vehicle Group will report full year earnings of $1.21 per share for the current year, with EPS estimates ranging from $1.07 to $1.29. For the next financial year, analysts forecast that the company will report earnings of $1.59 per share, with EPS estimates ranging from $1.31 to $1.76. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Commercial Vehicle Group.
Commercial Vehicle Group (NASDAQ:CVGI) last issued its quarterly earnings data on Wednesday, May 5th. The company reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.20. Commercial Vehicle Group had a negative net margin of 5.85% and a negative return on equity of 7.44%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in CVGI. Sowell Financial Services LLC bought a new stake in shares of Commercial Vehicle Group during the 1st quarter valued at about $42,000. Dorsey Wright & Associates grew its position in shares of Commercial Vehicle Group by 135.4% during the 1st quarter. Dorsey Wright & Associates now owns 4,684 shares of the company’s stock valued at $45,000 after buying an additional 2,694 shares during the last quarter. Metropolitan Life Insurance Co NY bought a new stake in shares of Commercial Vehicle Group during the 1st quarter valued at about $67,000. Paloma Partners Management Co bought a new stake in shares of Commercial Vehicle Group during the 4th quarter valued at about $107,000. Finally, Charles Schwab Investment Management Inc. bought a new stake in shares of Commercial Vehicle Group during the 4th quarter valued at about $117,000. 51.93% of the stock is owned by institutional investors.
NASDAQ CVGI traded down $0.01 during mid-day trading on Thursday, reaching $12.02. 248,286 shares of the stock were exchanged, compared to its average volume of 287,592. Commercial Vehicle Group has a 1-year low of $1.44 and a 1-year high of $13.61. The business’s fifty day simple moving average is $10.46 and its 200 day simple moving average is $9.01. The stock has a market capitalization of $395.89 million, a PE ratio of -9.18, a PEG ratio of 1.13 and a beta of 3.40. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.42 and a current ratio of 2.03.
About Commercial Vehicle Group
Commercial Vehicle Group, Inc, together with its subsidiaries, designs, manufactures, produces, and sells components and assemblies to the global vehicle and the U.S. technology integrator markets in North America, Europe, and the Asia-Pacific regions. It operates in two segments, Electrical Systems and Global Seating.
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