Covenant Transportation Group, Inc, together with its subsidiaries, provides truckload transportation and brokerage services primarily in the continental United States. It offers expedited and dedicated services. The company also provides ancillary services, including freight brokerage and logistics services, warehousing, and accounts receivable factoring; and over-the-road truckload services, as well as transportation management, shuttle, and switching services.
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Industry, Sector and Symbol
Industry Trucking, except local
Sub-IndustryN/A
SectorTransportation
Phone423-821-1212
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$885.46 million
Profitability
Miscellaneous
Employees5,500
Next Earnings Date10/22/2019 (Confirmed)
OptionableOptionable
Covenant Transportation Group (NASDAQ:CVTI) Frequently Asked Questions
What is Covenant Transportation Group's stock symbol?
Covenant Transportation Group trades on the NASDAQ under the ticker symbol "CVTI."
How were Covenant Transportation Group's earnings last quarter?
Covenant Transportation Group, Inc. (NASDAQ:CVTI) issued its quarterly earnings results on Wednesday, July, 24th. The transportation company reported $0.35 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.34 by $0.01. The transportation company had revenue of $219.30 million for the quarter, compared to the consensus estimate of $220.05 million. Covenant Transportation Group had a net margin of 4.05% and a return on equity of 11.91%. View Covenant Transportation Group's Earnings History.
When is Covenant Transportation Group's next earnings date?
What guidance has Covenant Transportation Group issued on next quarter's earnings?
Covenant Transportation Group issued an update on its third quarter earnings guidance on Thursday, October, 17th. The company provided earnings per share (EPS) guidance of ($0.08)-(0.09) for the period, compared to the Thomson Reuters consensus EPS estimate of $0.25.
What price target have analysts set for CVTI?
2 brokerages have issued 12 month target prices for Covenant Transportation Group's shares. Their forecasts range from $21.00 to $25.00. On average, they anticipate Covenant Transportation Group's stock price to reach $23.00 in the next twelve months. This suggests a possible upside of 40.2% from the stock's current price. View Analyst Price Targets for Covenant Transportation Group.
What is the consensus analysts' recommendation for Covenant Transportation Group?
2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Covenant Transportation Group in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Covenant Transportation Group.
Has Covenant Transportation Group been receiving favorable news coverage?
News articles about CVTI stock have been trending extremely negative this week, according to InfoTrie Sentiment. The research firm identifies negative and positive news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Covenant Transportation Group earned a news sentiment score of -4.3 on InfoTrie's scale. They also assigned media headlines about the transportation company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near future. View News Stories for Covenant Transportation Group.
Are investors shorting Covenant Transportation Group?
Covenant Transportation Group saw a increase in short interest in the month of September. As of September 30th, there was short interest totalling 331,800 shares, an increase of 13.0% from the August 30th total of 293,500 shares. Based on an average trading volume of 136,100 shares, the short-interest ratio is presently 2.4 days. Currently, 2.7% of the company's shares are sold short. View Covenant Transportation Group's Current Options Chain.
Who are some of Covenant Transportation Group's key competitors?
What other stocks do shareholders of Covenant Transportation Group own?
Who are Covenant Transportation Group's key executives?
Covenant Transportation Group's management team includes the folowing people:
- Mr. David Ray Parker, Chairman & CEO (Age 61)
- Mr. Joey B. Hogan, Pres & COO (Age 57)
- Mr. Richard B. Cribbs, Exec. VP, Chief Accounting Officer & CFO (Age 47)
- Mr. T. Ryan Rogers M.B.A., Chief Transformation Officer (Age 43)
- Mr. John A. Tweed, Exec. VP & COO of Landair Holdings Inc. (Age 53)
Who are Covenant Transportation Group's major shareholders?
Covenant Transportation Group's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Assenagon Asset Management S.A. (0.59%). Company insiders that own Covenant Transportation Group stock include David Ray Parker, Joey B Hogan, John A Tweed, Ralph H Lovin Jr, Robert E Bosworth and Samuel F Hough. View Institutional Ownership Trends for Covenant Transportation Group.
Which major investors are selling Covenant Transportation Group stock?
How do I buy shares of Covenant Transportation Group?
Shares of CVTI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.
What is Covenant Transportation Group's stock price today?
One share of CVTI stock can currently be purchased for approximately $16.40.
How big of a company is Covenant Transportation Group?
Covenant Transportation Group has a market capitalization of $302.71 million and generates $885.46 million in revenue each year. The transportation company earns $42.50 million in net income (profit) each year or $2.36 on an earnings per share basis. Covenant Transportation Group employs 5,500 workers across the globe.View Additional Information About Covenant Transportation Group.
What is Covenant Transportation Group's official website?
How can I contact Covenant Transportation Group?
Covenant Transportation Group's mailing address is 400 BIRMINGHAM HIGHWAY, CHATTANOOGA TN, 37419. The transportation company can be reached via phone at 423-821-1212 or via email at [email protected]
MarketBeat Community Rating for Covenant Transportation Group (NASDAQ CVTI)
MarketBeat's community ratings are surveys of what our community members think about Covenant Transportation Group and other stocks. Vote "Outperform" if you believe CVTI will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CVTI will underperform the S&P 500 over the long term. You may vote once every thirty days.
