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
SymbolNASDAQ:CVTI
CUSIPN/A
Phone423-821-1212
Debt
Debt-to-Equity Ratio0.74
Current Ratio2.84
Quick Ratio2.80
Price-To-Earnings
Trailing P/E Ratio35.82
Forward P/E Ratio14.13
P/E GrowthN/A
Sales & Book Value
Annual Sales$705.01 million
Price / Sales0.78
Cash Flow$4.6579 per share
Price / Cash6.46
Book Value$16.11 per share
Price / Book1.87
Profitability
EPS (Most Recent Fiscal Year)$0.84
Net Income$55.43 million
Net Margins9.09%
Return on Equity9.77%
Return on Assets4.20%
Miscellaneous
Employees4,300
Outstanding Shares18,330,000
Market Cap$568.26 million
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 announced a quarterly dividend on Monday, July 23rd. Investors 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 annualized dividend and a dividend yield of 0.27%. The ex-dividend date 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) announced its quarterly earnings data on Wednesday, July, 25th. The transportation company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.05. The transportation company had revenue of $196.32 million for the quarter, compared to analysts' expectations of $199.25 million. Covenant Transportation Group had a return on equity of 9.77% and a net margin of 9.09%. 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 second quarter earnings guidance on Tuesday, June, 5th. The company provided EPS guidance of $0.45-0.53 for the period, compared to the Thomson Reuters consensus estimate of $0.38.
What price target have analysts set for CVTI?
4 brokers have issued 1-year price targets for Covenant Transportation Group's stock. Their predictions range from $35.00 to $40.00. On average, they expect Covenant Transportation Group's stock price to reach $36.50 in the next year. This suggests a possible upside of 21.3% from the stock's current price. View Analyst Price Targets for Covenant Transportation Group.
What is the consensus analysts' recommendation for Covenant Transportation Group?
4 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 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Covenant Transportation Group.
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)
Has Covenant Transportation Group been receiving favorable news coverage?
News articles about CVTI stock have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group scores the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Covenant Transportation Group earned a coverage optimism score of 0.21 on Accern's scale. They also assigned headlines about the transportation company an impact score of 47.40 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the next few days. View Recent Headlines for Covenant Transportation Group.
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 investors include Dimensional Fund Advisors LP (7.54%), BlackRock Inc. (4.98%), Millennium Management LLC (2.39%), Wells Fargo & Company MN (2.16%), Portolan Capital Management LLC (1.60%) and Hodges Capital Management Inc. (1.57%). Company insiders that own Covenant Transportation Group stock include David Ray Parker, James F Brower Jr, Joey B Hogan, 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 Portolan Capital Management LLC, PEAK6 Investments L.P., Bank of America Corp DE, Foundry Partners LLC, Macquarie Group Ltd., Alambic Investment Management L.P. and Engineers Gate Manager LP. Company insiders that have sold Covenant Transportation Group company stock in the last year include David Ray Parker, Joey B Hogan, Ralph H Lovin Jr and Samuel F Hough. View Insider Buying and Selling for Covenant Transportation Group.
Which institutional investors are buying Covenant Transportation Group stock?
CVTI stock was bought by a variety of institutional investors in the last quarter, including Wells Fargo & Company MN, Hodges Capital Management Inc., Millennium Management LLC, BlackRock Inc., Capital Impact Advisors LLC, Dimensional Fund Advisors LP, Citadel Advisors LLC and Employees Retirement System of Texas. 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 $30.09.
How big of a company is Covenant Transportation Group?
Covenant Transportation Group has a market capitalization of $568.26 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.
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.
