Covenant Logistics Group (CVLG) to Release Earnings on Thursday

Covenant Logistics Group (NASDAQ:CVLG - Get Free Report) is anticipated to release its earnings data after the market closes on Thursday, January 23rd. Analysts expect Covenant Logistics Group to post earnings of $1.00 per share and revenue of $284,906.67 billion for the quarter.

Covenant Logistics Group (NASDAQ:CVLG - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.55 earnings per share for the quarter, topping analysts' consensus estimates of $0.54 by $0.01. The company had revenue of $287.89 million during the quarter. Covenant Logistics Group had a return on equity of 13.43% and a net margin of 3.72%. During the same period last year, the business earned $0.57 earnings per share. On average, analysts expect Covenant Logistics Group to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Covenant Logistics Group Trading Up 1.7 %

Shares of NASDAQ CVLG opened at $27.62 on Thursday. The business has a 50 day simple moving average of $28.81 and a 200 day simple moving average of $26.93. Covenant Logistics Group has a 52 week low of $21.51 and a 52 week high of $30.77. The stock has a market cap of $728.04 million, a price-to-earnings ratio of 9.09 and a beta of 1.41. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.07 and a current ratio of 1.10.

Covenant Logistics Group Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 6th were given a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend was Friday, December 6th. Covenant Logistics Group's dividend payout ratio is 14.47%.

Insider Activity

In other Covenant Logistics Group news, Director Bradley A. Moline sold 14,000 shares of the company's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $29.82, for a total transaction of $417,480.00. Following the completion of the sale, the director now owns 93,984 shares of the company's stock, valued at $2,802,602.88. This represents a 12.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 36.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Separately, TD Cowen reduced their price objective on shares of Covenant Logistics Group from $35.00 to $34.50 and set a "buy" rating for the company in a research note on Friday, October 25th.

Covenant Logistics Group Company Profile

Covenant Logistics Group, Inc, together with its subsidiaries, provides transportation and logistics services in the United States. It operates through four segments: Expedited, Dedicated, Managed Freight, and Warehousing. The Expedited segment primarily provides truckload services with high service freight and delivery standards, such as 1,000 miles in 22 hours or 15-minute delivery windows.