Covenant Logistics Group (CVLG) Expected to Announce Quarterly Earnings on Wednesday

Covenant Logistics Group (NASDAQ:CVLG - Get Free Report) is expected to announce its earnings results after the market closes on Wednesday, April 23rd. Analysts expect the company to announce earnings of $0.41 per share and revenue of $281.19 million for the quarter. Investors that are interested in registering for the company's conference call can do so using this link.

Covenant Logistics Group Stock Up 3.5 %

Shares of NASDAQ CVLG traded up $0.62 during trading on Friday, reaching $18.35. 220,624 shares of the stock were exchanged, compared to its average volume of 110,082. The business's 50-day moving average price is $22.82 and its 200 day moving average price is $26.12. The company has a market capitalization of $487.14 million, a price-to-earnings ratio of 14.17 and a beta of 1.36. Covenant Logistics Group has a twelve month low of $17.46 and a twelve month high of $30.77. The company has a quick ratio of 1.07, a current ratio of 1.10 and a debt-to-equity ratio of 0.46.

Covenant Logistics Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 7th were given a $0.07 dividend. This is a boost from Covenant Logistics Group's previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend was Friday, March 7th. Covenant Logistics Group's dividend payout ratio is presently 21.71%.

Insiders Place Their Bets

In other news, CAO Matisse Long sold 2,114 shares of the business's stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $28.95, for a total value of $61,200.30. Following the completion of the sale, the chief accounting officer now directly owns 15,434 shares in the company, valued at approximately $446,814.30. The trade was a 12.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 36.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

Separately, Stephens restated an "overweight" rating and set a $36.00 price objective on shares of Covenant Logistics Group in a research note on Friday, January 24th.

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.