Covenant Transportation Group Stock Price, News & Analysis (NASDAQ:CVTI)

Covenant Transportation Group trades on the NASDAQ under the ticker symbol "CVTI."

Covenant Transportation Group, Inc. (NASDAQ:CVTI) announced its quarterly earnings results on Wednesday, July, 24th. The transportation company reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks' 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 return on equity of 11.91% and a net margin of 4.05%. View Covenant Transportation Group's Earnings History.

Covenant Transportation Group is scheduled to release their next quarterly earnings announcement on Tuesday, October 22nd 2019. View Earnings Estimates for Covenant Transportation Group.

Covenant Transportation Group will be holding an earnings conference call on Tuesday, October 22nd at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Covenant Transportation Group updated its third quarter earnings guidance on Thursday, October, 17th. The company provided EPS guidance of ($0.08)-(0.09) for the period, compared to the Thomson Reuters consensus estimate of $0.25.

2 brokers have issued 1-year price targets for Covenant Transportation Group's stock. Their predictions range from $21.00 to $25.00. On average, they expect Covenant Transportation Group's share price to reach $23.00 in the next year. This suggests a possible upside of 42.4% from the stock's current price. View Analyst Price Targets 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.

Press coverage about CVTI stock has been trending somewhat positive this week, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Covenant Transportation Group earned a daily sentiment score of 0.8 on InfoTrie's scale. They also gave media coverage about the transportation company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near term. View News Stories for 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 daily trading volume, of 136,100 shares, the days-to-cover ratio is presently 2.4 days. Currently, 2.7% of the company's stock are short sold. View Covenant Transportation Group's Current Options Chain.

Some companies that are related to Covenant Transportation Group include ArcBest (ARCB), Universal Logistics (ULH), P.A.M. Transportation Services (PTSI), US Xpress Enterprises (USX), YRC Worldwide (YRCW), USA Truck (USAK) and Celadon Group (CGIP).

Based on aggregate information from My MarketBeat watchlists, some companies that other Covenant Transportation Group investors own include iShares Nasdaq Biotechnology ETF (IBB), NXP Semiconductors (NXPI), AMC Entertainment (AMC), Intel (INTC), Celgene (CELG), Lannett (LCI), Nike (NKE), Micron Technology (MU), Sierra Wireless (SWIR) and Estee Lauder Companies (EL).

Covenant Transportation Group's stock is owned by many different of institutional and retail investors. Top institutional investors 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.

CVTI stock was sold by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A.. View Insider Buying and Selling for 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.

One share of CVTI stock can currently be purchased for approximately $16.15.

Covenant Transportation Group has a market capitalization of $298.10 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.

The official website for Covenant Transportation Group is http://www.ctgcompanies.com/.

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]