Commercial Vehicle Group (NASDAQ:CVGI) Issues Earnings Results, Misses Expectations By $0.02 EPS

Key Points

• Commercial Vehicle Group (CVGI) reported a quarterly EPS of ($0.09), missing analysts' expectations of ($0.05) by ($0.04), indicating challenging financial performance.
• The company's stock rose 10.1% to $1.85 after the earnings announcement, with a trading volume of 445,604 shares.
• Institutional ownership of Commercial Vehicle Group stands at 72.32%, with Bank of America Corp DE increasing its stake by 46.1% in the last quarter.

Commercial Vehicle Group (NASDAQ:CVGI - Get Free Report) issued its quarterly earnings data on Monday. The company reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.02), Zacks reports. The company had revenue of $171.96 million for the quarter, compared to the consensus estimate of $161.63 million. Commercial Vehicle Group had a negative net margin of 4.78% and a negative return on equity of 3.86%. Commercial Vehicle Group updated its FY 2025 guidance to EPS.

Commercial Vehicle Group Stock Up 10.1%

Shares of CVGI stock opened at $1.85 on Tuesday. The stock has a 50 day moving average of $1.64 and a 200 day moving average of $1.57. The company has a current ratio of 2.12, a quick ratio of 1.23 and a debt-to-equity ratio of 0.76. The stock has a market cap of $64.08 million, a P/E ratio of -1.78 and a beta of 2.18. Commercial Vehicle Group has a twelve month low of $0.81 and a twelve month high of $4.82.

Institutional Trading of Commercial Vehicle Group

A hedge fund recently raised its stake in Commercial Vehicle Group stock. Bank of America Corp DE increased its position in shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI - Free Report) by 46.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 32,473 shares of the company's stock after purchasing an additional 10,242 shares during the quarter. Bank of America Corp DE owned approximately 0.09% of Commercial Vehicle Group worth $81,000 as of its most recent filing with the SEC. 72.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Commercial Vehicle Group from a "sell" rating to a "hold" rating in a report on Saturday, June 7th.

About Commercial Vehicle Group

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.