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

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$19.79 +0.18 (+0.92 %)
(As of 03/21/2019 06:49 AM ET)
Previous Close$19.61
Today's Range$18.96 - $19.84
52-Week Range$18.13 - $35.19
Volume295,500 shs
Average Volume110,453 shs
Market Capitalization$363.15 million
P/E Ratio8.31
Dividend YieldN/A
Beta1.64
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.

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Industry, Sector and Symbol

Industry Trucking, except local
Sub-IndustryN/A
SectorTransportation
Current SymbolNASDAQ:CVTI
CUSIPN/A
Phone423-821-1212

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$885.46 million
Cash Flow$6.5748 per share
Book Value$18.70 per share

Profitability

Net Income$42.50 million

Miscellaneous

Employees5,500
Market Cap$363.15 million
Next Earnings Date4/23/2019 (Estimated)
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. Stockholders of record on Wednesday, August 15th will be paid a dividend of $0.02 per share on Friday, August 31st. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.40%. 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 results on Wednesday, January, 23rd. The transportation company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.16. The transportation company had revenue of $272.27 million for the quarter, compared to analyst estimates of $269.20 million. Covenant Transportation Group had a net margin of 4.80% and a return on equity of 13.57%. View Covenant Transportation Group's Earnings History.

When is Covenant Transportation Group's next earnings date?

Covenant Transportation Group is scheduled to release their next quarterly earnings announcement on Tuesday, April 23rd 2019. View Earnings Estimates for Covenant Transportation Group.

What price target have analysts set for CVTI?

4 equities research analysts have issued 12-month price objectives for Covenant Transportation Group's shares. Their predictions range from $23.00 to $36.00. On average, they expect Covenant Transportation Group's share price to reach $28.00 in the next year. This suggests a possible upside of 41.5% 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 sell rating, 1 hold rating and 2 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 negative this week, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Covenant Transportation Group earned a media sentiment score of -2.0 on InfoTrie's scale. They also gave media coverage about the transportation company a news buzz of 4.0 out of 10, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the next several days.

Who are some of Covenant Transportation Group's key competitors?

What other stocks do shareholders of Covenant Transportation Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Covenant Transportation Group investors own include Estee Lauder Companies (EL), Intel (INTC), Celgene (CELG), Nike (NKE), NVIDIA (NVDA), Advanced Micro Devices (AMD), Activision Blizzard (ATVI), Micron Technology (MU), Skyworks Solutions (SWKS) and Amgen (AMGN).

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 (Age 57)
  • Mr. Richard B. Cribbs, Exec. VP & CFO (Age 47)
  • Mr. Samuel F. Hough, Exec. VP & COO of CTI (Age 53)
  • Mr. Paul T. Newbourne, Exec. VP & COO of Covenant Transport Solutions, Inc. (Age 64)

Who are Covenant Transportation Group's major shareholders?

Covenant Transportation Group's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Dimensional Fund Advisors LP (7.43%), Dimensional Fund Advisors LP (7.43%), BlackRock Inc. (5.50%), Ranger Investment Management L.P. (1.18%), Two Sigma Advisers LP (1.06%) and Penn Capital Management Co. Inc. (0.96%). Company insiders that own Covenant Transportation Group stock include David Ray Parker, Joey B Hogan, John A Tweed, Ralph H Lovin Jr and Samuel F Hough. View Institutional Ownership Trends for Covenant Transportation Group.

Which major investors are selling Covenant Transportation Group stock?

CVTI stock was sold by a variety of institutional investors in the last quarter, including Hodges Capital Management Inc., Acadian Asset Management LLC, Barclays PLC, Prescott Group Capital Management L.L.C., Dimensional Fund Advisors LP, Dimensional Fund Advisors LP, Zacks Investment Management and Two Sigma Investments LP. 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 major investors are buying Covenant Transportation Group stock?

CVTI stock was acquired by a variety of institutional investors in the last quarter, including LSV Asset Management, Millennium Management LLC, BlackRock Inc., Prudential Financial Inc., D. E. Shaw & Co. Inc., Ranger Investment Management L.P., FTB Advisors Inc. and Penn Capital Management Co. Inc.. 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 $19.79.

How big of a company is Covenant Transportation Group?

Covenant Transportation Group has a market capitalization of $363.15 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.

What is Covenant Transportation Group's official website?

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

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)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  211 (Vote Outperform)
Underperform Votes:  271 (Vote Underperform)
Total Votes:  482
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.
This page was last updated on 3/21/2019 by MarketBeat.com Staff

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