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

$15.05
-0.27 (-1.76 %)
(As of 06/17/2019 04:00 PM ET)
Today's Range
$15.00
Now: $15.05
$15.32
50-Day Range
$14.59
MA: $17.13
$20.69
52-Week Range
$14.55
Now: $15.05
$34.37
Volume57,820 shs
Average Volume125,671 shs
Market Capitalization$276.44 million
P/E Ratio6.38
Dividend YieldN/A
Beta1.72
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. Read More…

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$6.4043 per share
Book Value$18.68 per share

Profitability

Net Income$42.50 million

Miscellaneous

Employees5,500
Market Cap$276.44 million
Next Earnings Date7/24/2019 (Estimated)
OptionableOptionable

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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. Stockholders 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 dividend yield of 0.53%. 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) released its quarterly earnings data on Thursday, April, 25th. The transportation company reported $0.27 EPS for the quarter, beating the Zacks' consensus estimate of $0.20 by $0.07. The transportation company had revenue of $219.18 million for the quarter, compared to the consensus estimate of $226.90 million. Covenant Transportation Group had a net margin of 4.57% and a return on equity of 13.27%. 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 Wednesday, July 24th 2019. View Earnings Estimates for Covenant Transportation Group.

What price target have analysts set for CVTI?

3 brokerages have issued 1-year target prices for Covenant Transportation Group's stock. Their predictions range from $23.00 to $25.00. On average, they anticipate Covenant Transportation Group's share price to reach $24.00 in the next year. This suggests a possible upside of 59.5% from the stock's current price. View Analyst Price Targets for Covenant Transportation Group.

What is the consensus analysts' recommendation for Covenant Transportation Group?

3 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 1 buy rating 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?

News headlines about CVTI stock have been trending somewhat positive recently, InfoTrie Sentiment Analysis reports. The research group scores the sentiment of news coverage by monitoring more than six thousand news and blog 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 1.4 on InfoTrie's scale. They also gave media headlines about the transportation company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely 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 May. As of May 15th, there was short interest totalling 258,900 shares, an increase of 22.5% from the April 15th total of 211,400 shares. Based on an average trading volume of 127,300 shares, the days-to-cover ratio is currently 2.0 days. Approximately 2.1% of the company's stock 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?

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

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 institutional and retail investors. Top institutional shareholders include LSV Asset Management (2.09%), AJO LP (0.78%), Penn Capital Management Co. Inc. (0.67%), FTB Advisors Inc. (0.54%), Assenagon Asset Management S.A. (0.54%) and Bank of Montreal Can (0.44%). 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?

CVTI stock was sold by a variety of institutional investors in the last quarter, including Penn Capital Management Co. Inc., Hodges Capital Management Inc., Martingale Asset Management L P, AJO LP, Systematic Financial Management LP, Bank of Montreal Can, Connor Clark & Lunn Investment Management Ltd. and Royce & Associates LP. View Insider Buying and Selling for Covenant Transportation Group.

Which major investors are buying Covenant Transportation Group stock?

CVTI stock was bought by a variety of institutional investors in the last quarter, including LSV Asset Management, FTB Advisors Inc., Assenagon Asset Management S.A., Acadian Asset Management LLC, Alambic Investment Management L.P., Wedge Capital Management L L P NC, First Quadrant L P CA and Alps Advisors Inc.. Company insiders that have bought Covenant Transportation Group stock in the last two years include John A Tweed and Robert E Bosworth. 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 $15.05.

How big of a company is Covenant Transportation Group?

Covenant Transportation Group has a market capitalization of $276.44 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?

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:  223 (Vote Outperform)
Underperform Votes:  292 (Vote Underperform)
Total Votes:  515
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 6/17/2019 by MarketBeat.com Staff

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