Covenant Transportation Group, Inc., together with its subsidiaries, provides truckload transportation and brokerage services primarily in the continental United States. It offers long haul, dedicated, temperature-controlled, and regional solo-driver services; long haul, regional, dedicated, and intermodal temperature-controlled services; and regional solo-driver and dedicated services. The company also provides ancillary services, including freight brokerage services and accounts receivable factoring. It serves transportation companies, such as 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, 2017, the company operated 2,559 tractors and 7,134 trailers. Covenant Transportation Group, Inc. was founded in 1986 and is headquartered in Chattanooga, Tennessee.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Trucking, except local
Sub-IndustryN/A
SectorTransportation
Current SymbolNASDAQ:CVTI
Previous Symbol
CUSIPN/A
Phone423-821-1212
Debt
Debt-to-Equity Ratio0.62
Current Ratio1.50
Quick Ratio1.47
Price-To-Earnings
Trailing P/E Ratio22.81
Forward P/E Ratio8.67
P/E GrowthN/A
Sales & Book Value
Annual Sales$705.01 million
Price / Sales0.50
Cash Flow$4.5403 per share
Price / Cash Flow4.22
Book Value$16.11 per share
Price / Book1.19
Profitability
EPS (Most Recent Fiscal Year)$0.84
Net Income$55.43 million
Net Margins9.22%
Return on Equity11.56%
Return on Assets5.14%
Miscellaneous
Employees4,300
Outstanding Shares18,350,000
Market Cap$371.51 million
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 often does Covenant Transportation Group pay dividends? What is the dividend yield for Covenant Transportation Group?
Covenant Transportation Group declared a quarterly dividend on Monday, July 23rd. Shareholders of record on Wednesday, August 15th will be given a dividend of $0.02 per share on Friday, August 31st. This represents a $0.08 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date of this dividend is Tuesday, August 14th. View Covenant Transportation Group's Dividend History.
How were Covenant Transportation Group's earnings last quarter?
Covenant Transportation Group, Inc. (NASDAQ:CVTI) posted its quarterly earnings data on Wednesday, October, 24th. The transportation company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.61 by $0.05. The transportation company earned $243.30 million during the quarter, compared to analyst estimates of $237.85 million. Covenant Transportation Group had a net margin of 9.22% and a return on equity of 11.56%. View Covenant Transportation Group's Earnings History.
When is Covenant Transportation Group's next earnings date?
What price target have analysts set for CVTI?
5 Wall Street analysts have issued 1-year target prices for Covenant Transportation Group's shares. Their predictions range from $32.00 to $40.00. On average, they expect Covenant Transportation Group's stock price to reach $35.75 in the next year. This suggests a possible upside of 86.6% from the stock's current price. View Analyst Price Targets for Covenant Transportation Group.
What is the consensus analysts' recommendation for Covenant Transportation Group?
5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Covenant Transportation Group in the last year. There are currently 1 sell rating, 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Covenant Transportation Group.
Has Covenant Transportation Group been receiving favorable news coverage?
Headlines about CVTI stock have been trending somewhat positive this week, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of 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 1.4 on InfoTrie's scale. They also assigned news articles about the transportation company a news buzz of 1.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near future.
Who are some of Covenant Transportation Group's key competitors?
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 60)
- Mr. Joey B. Hogan, Pres (Age 56)
- Mr. Richard B. Cribbs, Exec. VP & CFO (Age 46)
- Mr. Samuel F. Hough, Exec. VP & COO of CTI (Age 52)
- Mr. Paul T. Newbourne, Exec. VP & COO of Solutions (Age 63)
Who are Covenant Transportation Group's major shareholders?
Covenant Transportation Group's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (7.51%), RE Advisers Corp (6.00%), BlackRock Inc. (5.10%), Alliancebernstein L.P. (3.43%), Vanguard Group Inc. (2.97%) and Vanguard Group Inc (2.97%). Company insiders that own Covenant Transportation Group stock include David Ray Parker, James F Brower Jr, Joey B Hogan, John A Tweed, Ralph H Lovin Jr and Samuel F Hough. View Institutional Ownership Trends for Covenant Transportation Group.
Which institutional investors are selling Covenant Transportation Group stock?
CVTI stock was sold by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Wells Fargo & Company MN, 12th Street Asset Management Company LLC, Foundry Partners LLC, Prudential Financial Inc., Alambic Investment Management L.P., Bank of Montreal Can and Macquarie Group Ltd.. Company insiders that have sold Covenant Transportation Group company stock in the last year include David Ray Parker, Joey B Hogan and Ralph H Lovin Jr. View Insider Buying and Selling for Covenant Transportation Group.
Which institutional investors are buying Covenant Transportation Group stock?
CVTI stock was acquired by a variety of institutional investors in the last quarter, including RE Advisers Corp, Sandler Capital Management, Bowling Portfolio Management LLC, TIAA CREF Investment Management LLC, Piermont Capital Management Inc., Assenagon Asset Management S.A., Allianz Asset Management GmbH and AQR Capital Management LLC. View Insider Buying and Selling for Covenant Transportation Group.
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, Scottrade, Fidelity and Charles Schwab.
What is Covenant Transportation Group's stock price today?
One share of CVTI stock can currently be purchased for approximately $19.16.
How big of a company is Covenant Transportation Group?
Covenant Transportation Group has a market capitalization of $371.51 million and generates $705.01 million in revenue each year. The transportation company earns $55.43 million in net income (profit) each year or $0.84 on an earnings per share basis. Covenant Transportation Group employs 4,300 workers across the globe.
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.
