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NASDAQ:CVLG

Covenant Logistics Group (CVLG) Stock Forecast, Price & News

$22.17
+0.88 (+4.13%)
(As of 05/17/2022 04:00 PM ET)
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Compare
Today's Range
$21.72
$22.27
50-Day Range
$18.04
$24.17
52-Week Range
$17.23
$34.75
Volume
55,588 shs
Average Volume
104,022 shs
Market Capitalization
$345.81 million
P/E Ratio
5.22
Dividend Yield
1.17%
Beta
1.47
30 days | 90 days | 365 days | Advanced Chart
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Covenant Logistics Group logo

About Covenant Logistics Group

Covenant Logistics Group, Inc., together with its subsidiaries, provides transportation and logistics services in the United States. It operates through four segments: Expedited, Dedicated, Managed Freight, and Warehousing. The Expedited segment primarily provides truckload services with high service freight and delivery standards, such as 1,000 miles in 22 hours or 15-minute delivery windows. The Dedicated segment provides customers with committed truckload capacity over contracted periods using equipment either owned or leased by the company. The Managed Freight segment offers brokerage services, including logistics capacity by outsourcing the carriage of customers' freight to third parties; and transport management services, such as logistics services on a contractual basis to customers who prefer to outsource their logistics needs. The Warehousing segment provides day-to-day warehouse management services to customers. The segment also provides shuttle and switching services to shuttling containers and trailers. The company also engages in used equipment sales and leasing business. It serves transportation companies, such as parcel freight forwarders, less-than-truckload carriers, and third-party logistics providers; and traditional truckload customers, including manufacturers, retailers, and food and beverage shippers. As of December 31, 2021, it operated 2,291 tractors and 5,331 trailers. The company was formerly known as Covenant Transportation Group, Inc. and changed its name to Covenant Logistics Group, Inc. in July 2020. Covenant Logistics Group, Inc. was founded in 1986 and is based in Chattanooga, Tennessee.

Headlines

Covenant Logistics initiates $0.0625 quarterly dividend
See More Headlines

Industry, Sector and Symbol

Industry
Trucking, except local
Sub-Industry
N/A
Current Symbol
NASDAQ:CVLG
Employees
4,500
Year Founded
N/A

Sales & Book Value

Annual Sales
$1.05 billion
Cash Flow
$6.99 per share
Book Value
$20.86 per share

Profitability

Net Income
$60.73 million
Pretax Margin
8.64%

Debt

Price-To-Earnings

Miscellaneous

Free Float
11,153,000
Market Cap
$345.81 million
Optionable
Optionable

Company Calendar

Ex-Dividend for 3/25 Dividend
3/03/2022
Dividend Payable
3/25/2022
Last Earnings
4/27/2022
Today
5/17/2022
Next Earnings (Estimated)
7/20/2022
Fiscal Year End
12/31/2022

MarketRank

Overall MarketRank

1.94 out of 5 stars

Transportation Sector

82nd out of 173 stocks

Trucking, Except Local Industry

13th out of 18 stocks

Analyst Opinion: 0.9Community Rank: 2.5Dividend Strength: 2.5Insider Behavior: 2.5Valuation: 1.3 5 -4 -3 -2 -1 -













Covenant Logistics Group (NASDAQ:CVLG) Frequently Asked Questions

Is Covenant Logistics Group a buy right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Covenant Logistics Group in the last year. There are currently 1 sell rating and 4 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Covenant Logistics Group stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CVLG, but not buy additional shares or sell existing shares.
View analyst ratings for Covenant Logistics Group
or view top-rated stocks.

Are investors shorting Covenant Logistics Group?

Covenant Logistics Group saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 246,500 shares, an increase of 20.7% from the April 15th total of 204,200 shares. Based on an average daily trading volume, of 105,100 shares, the days-to-cover ratio is currently 2.3 days. Currently, 2.3% of the company's stock are sold short.
View Covenant Logistics Group's Short Interest
.

When is Covenant Logistics Group's next earnings date?

Covenant Logistics Group is scheduled to release its next quarterly earnings announcement on Wednesday, July 20th 2022.
View our earnings forecast for Covenant Logistics Group
.

How were Covenant Logistics Group's earnings last quarter?

Covenant Logistics Group, Inc. (NASDAQ:CVLG) released its quarterly earnings data on Wednesday, April, 27th. The company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.49. The business earned $291.59 million during the quarter, compared to the consensus estimate of $276.60 million. Covenant Logistics Group had a trailing twelve-month return on equity of 22.45% and a net margin of 6.43%. During the same period in the previous year, the firm earned $0.56 EPS.
View Covenant Logistics Group's earnings history
.

How often does Covenant Logistics Group pay dividends? What is the dividend yield for Covenant Logistics Group?

Covenant Logistics Group declared a -- dividend on Friday, January 28th. Investors of record on Friday, March 4th will be paid a dividend of $0.0625 per share on Friday, March 25th. The ex-dividend date is Thursday, March 3rd.
View Covenant Logistics Group's dividend history
.

Is Covenant Logistics Group a good dividend stock?

Covenant Logistics Group pays an annual dividend of $0.25 per share and currently has a dividend yield of 1.17%. The dividend payout ratio of Covenant Logistics Group is 5.88%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Covenant Logistics Group will have a dividend payout ratio of 8.68% next year. This indicates that Covenant Logistics Group will be able to sustain or increase its dividend.
View Covenant Logistics Group's dividend history.

What price target have analysts set for CVLG?

5 brokers have issued twelve-month price targets for Covenant Logistics Group's shares. Their forecasts range from $20.00 to $25.00. On average, they expect Covenant Logistics Group's stock price to reach $21.75 in the next year. This suggests that the stock has a possible downside of 1.9%.
View analysts' price targets for Covenant Logistics Group
or view top-rated stocks among Wall Street analysts.

Who are Covenant Logistics Group's key executives?
Covenant Logistics Group's management team includes the following people:
  • Mr. David Ray Parker, Chairman & CEO (Age 64, Pay $1.07M)
  • Mr. Joey B. Hogan, Pres & Principal Financial Officer (Age 60, Pay $715.92k)
  • Mr. M. Paul Bunn, Sr. Exec. VP & COO (Age 44, Pay $411.67k)
  • Mr. Samuel F. Hough, Exec. VP of Expedited Operations (Age 56, Pay $433.69k)
  • Mr. John A. Tweed, Advisor to CEO (Age 56, Pay $757.07k)
  • Mr. James S. Grant III, Chief Accounting Officer & Corp. Controller (Age 43)
  • Mr. James C. Heartfield ESQ., Gen. Counsel (Age 57)
  • Mr. Matthew T. Anderson, Sr. VP of Sales & Marketing (Age 58)
  • Mr. R. H. Lovin Jr., Exec. VP (Age 70)
  • Mr. James F. Brower Jr., Exec. VP & COO of Star Transportation Inc. (Age 65)
What is Covenant Logistics Group's stock symbol?

Covenant Logistics Group trades on the NASDAQ under the ticker symbol "CVLG."

Who are Covenant Logistics Group's major shareholders?

Covenant Logistics Group's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.34%), Dimensional Fund Advisors LP (6.79%), Vanguard Group Inc. (3.38%), LSV Asset Management (2.43%), State Street Corp (2.03%) and Heartland Advisors Inc. (1.93%). Company insiders that own Covenant Logistics Group stock include David Ray Parker, John A Tweed and Paul Bunn.
View institutional ownership trends for Covenant Logistics Group
.

Which major investors are selling Covenant Logistics Group stock?

CVLG stock was sold by a variety of institutional investors in the last quarter, including Foundry Partners LLC, Arrowstreet Capital Limited Partnership, Heartland Advisors Inc., JPMorgan Chase & Co., Assenagon Asset Management S.A., Renaissance Technologies LLC, BlackRock Inc., and Goldman Sachs Group Inc..
View insider buying and selling activity for Covenant Logistics Group
or view top insider-selling stocks.

Which major investors are buying Covenant Logistics Group stock?

CVLG stock was bought by a variety of institutional investors in the last quarter, including State Street Corp, Euclidean Technologies Management LLC, Patton Albertson Miller Group LLC, Russell Investments Group Ltd., Acadian Asset Management LLC, Boston Partners, First Horizon Advisors Inc., and Vanguard Group Inc.. Company insiders that have bought Covenant Logistics Group stock in the last two years include David Ray Parker, John A Tweed, and Paul Bunn.
View insider buying and selling activity for Covenant Logistics Group
or or view top insider-buying stocks.

How do I buy shares of Covenant Logistics Group?

Shares of CVLG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Covenant Logistics Group's stock price today?

One share of CVLG stock can currently be purchased for approximately $22.17.

How much money does Covenant Logistics Group make?

Covenant Logistics Group has a market capitalization of $345.81 million and generates $1.05 billion in revenue each year. The company earns $60.73 million in net income (profit) each year or $4.25 on an earnings per share basis.

How many employees does Covenant Logistics Group have?

Covenant Logistics Group employs 4,500 workers across the globe.

What is Covenant Logistics Group's official website?

The official website for Covenant Logistics Group is www.covenanttransport.com.

How can I contact Covenant Logistics Group?

Covenant Logistics Group's mailing address is 400 BIRMINGHAM HIGHWAY, CHATTANOOGA TN, 37419. The company can be reached via phone at (423) 821-1212, via email at [email protected], or via fax at 423-821-5442.

This page was last updated on 5/17/2022 by MarketBeat.com Staff

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