What is Noble Financial's Forecast for CVGI FY2027 Earnings?

Key Points

• Noble Financial raised its FY2027 EPS forecast for Commercial Vehicle Group to $0.15 from $0.10. The article notes the current full-year consensus estimate is a loss of $0.20 per share.
• In its latest reported quarter, CVGI earned $0.03 per share, missing the $0.04 consensus estimate, while revenue of $208.09 million exceeded expectations of $190.93 million.
• Analysts’ average rating is Hold, with a consensus price target of $6.00; ratings include two Buys and one Sell.

Commercial Vehicle Group, Inc. (NASDAQ:CVGI - Free Report) - Equities research analysts at Noble Financial lifted their FY2027 earnings per share (EPS) estimates for shares of Commercial Vehicle Group in a report issued on Wednesday, November 4th. Noble Financial analyst J. Gomes now forecasts that the company will post earnings per share of $0.15 for the year, up from their prior forecast of $0.10. The consensus estimate for Commercial Vehicle Group's current full-year earnings is ($0.20) per share.

Commercial Vehicle Group (NASDAQ:CVGI - Get Free Report) last issued its quarterly earnings results on Monday, November 2nd. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). The firm had revenue of $208.09 million during the quarter, compared to analysts' expectations of $190.93 million. Commercial Vehicle Group had a negative return on equity of 9.49% and a negative net margin of 1.43%.

A number of other analysts have also recently commented on CVGI. Weiss Ratings restated a "sell (d-)" rating on shares of Commercial Vehicle Group in a report on Friday, September 4th. Wall Street Zen lowered shares of Commercial Vehicle Group from a "buy" rating to a "hold" rating in a research note on Monday, August 10th. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $6.00.

Commercial Vehicle Group Price Performance

CVGI opened at $3.42 on Thursday. The company has a current ratio of 1.92, a quick ratio of 1.16 and a debt-to-equity ratio of 0.65. The company has a market cap of $138.96 million, a price-to-earnings ratio of -10.69 and a beta of 1.37. The stock has a fifty day simple moving average of $3.01 and a two-hundred day simple moving average of $3.51. Commercial Vehicle Group has a 12-month low of $1.29 and a 12-month high of $5.88.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Callan Family Office LLC purchased a new position in Commercial Vehicle Group during the second quarter valued at $57,000. NewEdge Advisors LLC purchased a new stake in shares of Commercial Vehicle Group in the first quarter worth $44,000. Bank of America Corp DE purchased a new stake in shares of Commercial Vehicle Group in the second quarter worth $83,000. AXQ Capital LP purchased a new stake in shares of Commercial Vehicle Group in the second quarter worth $95,000. Finally, State of Wyoming purchased a new stake in shares of Commercial Vehicle Group in the third quarter worth $84,000. Hedge funds and other institutional investors own 72.32% of the company's stock.

About Commercial Vehicle Group

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.

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