Commercial Vehicle Group (NASDAQ:CVGI) Releases Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Key Points

• Quarterly beat: Commercial Vehicle Group reported EPS of ($0.10), beating the consensus ($0.14) by $0.04 and revenue of $171.5M versus an expected $159.97M, but it remains unprofitable with a net margin of -3.51% and ROE of -11.74%.
• Stock and analyst view: Shares traded at $4.22 (12‑month range $0.88–$4.50) and the stock has an average analyst rating of Hold with a consensus target price of $6.00.
• Institutional interest and liquidity: Institutional investors own 72.32% of the company and several hedge funds recently added or increased positions, while the firm shows a debt-to-equity of 0.78, current ratio 2.43 and quick ratio 1.34.

Commercial Vehicle Group (NASDAQ:CVGI - Get Free Report) released its quarterly earnings results on Tuesday. The company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.04, FiscalAI reports. Commercial Vehicle Group had a negative net margin of 3.51% and a negative return on equity of 11.74%. The firm had revenue of $171.50 million during the quarter, compared to the consensus estimate of $159.97 million.

Commercial Vehicle Group Stock Performance

Shares of Commercial Vehicle Group stock traded down $0.04 during mid-day trading on Tuesday, hitting $4.22. The stock had a trading volume of 481,228 shares, compared to its average volume of 462,023. The firm has a 50-day moving average of $3.26 and a two-hundred day moving average of $2.18. Commercial Vehicle Group has a 12-month low of $0.88 and a 12-month high of $4.50. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.34 and a current ratio of 2.43.

Institutional Trading of Commercial Vehicle Group

Several hedge funds have recently made changes to their positions in the company. Virtu Financial LLC purchased a new position in shares of Commercial Vehicle Group during the 4th quarter worth approximately $33,000. Engineers Gate Manager LP boosted its position in shares of Commercial Vehicle Group by 87.1% during the 2nd quarter. Engineers Gate Manager LP now owns 20,116 shares of the company's stock worth $33,000 after purchasing an additional 9,364 shares during the period. Qube Research & Technologies Ltd purchased a new position in shares of Commercial Vehicle Group during the 2nd quarter worth approximately $78,000. Bank of America Corp DE boosted its position in shares of Commercial Vehicle Group by 46.1% during the 4th quarter. Bank of America Corp DE now owns 32,473 shares of the company's stock worth $81,000 after purchasing an additional 10,242 shares during the period. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of Commercial Vehicle Group during the 2nd quarter worth approximately $84,000. Hedge funds and other institutional investors own 72.32% of the company's stock.

Analyst Upgrades and Downgrades

CVGI has been the subject of several research reports. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Commercial Vehicle Group in a research note on Wednesday, January 21st. Wall Street Zen cut shares of Commercial Vehicle Group from a "buy" rating to a "hold" rating in a research note on Saturday, April 11th. Finally, Barrington Research reaffirmed an "outperform" rating and set a $6.00 price objective on shares of Commercial Vehicle Group in a research note on Monday. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $6.00.

About Commercial Vehicle Group

Commercial Vehicle Group, Inc NASDAQ: CVGI is a global designer, engineer and manufacturer of seating systems and interior components for commercial vehicles. The company serves original equipment manufacturers (OEMs) in the on‐highway, off‐highway and specialty vehicle markets, supplying complete seating assemblies, suspension mechanisms and interior trim products. CVGI's offerings are aimed at enhancing driver comfort, safety and overall vehicle usability across a diverse range of applications, from heavy‐duty trucks and transit buses to agricultural and construction equipment.

The company's product portfolio is organized around three core segments: Seating, Controls and Interiors.

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