Commercial Vehicle Group (NASDAQ:CVGI) Announces Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Key Points

• Commercial Vehicle Group reported quarterly EPS of $0.03, falling $0.01 short of analysts’ $0.04 consensus estimate, while revenue of $208.09 million exceeded expectations of $190.93 million.
• The company remains unprofitable, posting a negative net margin of 3.42% and negative return on equity of 13.91%. Shares rose 0.3% to $3.17 following the results.
• Analyst sentiment is mixed but leans toward caution: CVGI has an average “Hold” rating and a $6.00 average price target, with two Buy ratings and one Sell rating.

Commercial Vehicle Group (NASDAQ:CVGI - Get Free Report) posted its quarterly earnings results on Monday. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01), FiscalAI reports. The company had revenue of $208.09 million for the quarter, compared to the consensus estimate of $190.93 million. Commercial Vehicle Group had a negative return on equity of 13.91% and a negative net margin of 3.42%.

Commercial Vehicle Group Stock Up 0.3%

Shares of Commercial Vehicle Group stock traded up $0.01 during midday trading on Monday, hitting $3.17. The company had a trading volume of 350,822 shares, compared to its average volume of 635,537. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.16 and a current ratio of 1.98. The stock has a market capitalization of $128.81 million, a P/E ratio of -4.73 and a beta of 1.38. The company has a 50 day moving average of $3.00 and a 200 day moving average of $3.49. Commercial Vehicle Group has a 52-week low of $1.29 and a 52-week high of $5.88.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Weiss Ratings restated a "sell (d-)" rating on shares of Commercial Vehicle Group in a report on Friday, September 4th. Wall Street Zen cut shares of Commercial Vehicle Group from a "buy" rating to a "hold" rating in a research report on Monday, August 10th. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $6.00.

Commercial Vehicle Group Company Profile

Commercial Vehicle Group, Inc NASDAQ: CVGI is a supplier of systems, components and assemblies for commercial vehicles and other specialty equipment. The company serves original equipment manufacturers in markets such as heavy-duty trucks, construction equipment, agricultural machinery, military vehicles and other industrial applications.

Its products include vehicle seating systems, cab structures, sleeper cabs, trim and interior components, instrument panels, control systems, wire harnesses and other electrical assemblies.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.