Sidoti Csr Has Bearish Forecast for CVGI Q4 Earnings

Commercial Vehicle Group, Inc. (NASDAQ:CVGI - Free Report) - Research analysts at Sidoti Csr cut their Q4 2024 earnings estimates for Commercial Vehicle Group in a research report issued to clients and investors on Wednesday, November 6th. Sidoti Csr analyst J. Franzreb now anticipates that the company will post earnings of ($0.07) per share for the quarter, down from their prior estimate of $0.08. The consensus estimate for Commercial Vehicle Group's current full-year earnings is $0.30 per share. Sidoti Csr also issued estimates for Commercial Vehicle Group's Q1 2025 earnings at ($0.01) EPS, Q2 2025 earnings at $0.05 EPS, Q3 2025 earnings at $0.02 EPS, Q4 2025 earnings at $0.03 EPS and FY2025 earnings at $0.10 EPS.

Several other research analysts have also commented on the company. StockNews.com lowered Commercial Vehicle Group from a "buy" rating to a "hold" rating in a research report on Tuesday. Barrington Research restated an "outperform" rating and set a $10.00 target price on shares of Commercial Vehicle Group in a research report on Monday, August 5th.

Commercial Vehicle Group Stock Performance

Shares of Commercial Vehicle Group stock traded down $0.04 on Friday, hitting $2.53. The stock had a trading volume of 285,855 shares, compared to its average volume of 149,840. The stock has a market cap of $86.81 million, a price-to-earnings ratio of 2.48, a P/E/G ratio of 0.47 and a beta of 2.46. The company has a current ratio of 2.06, a quick ratio of 1.27 and a debt-to-equity ratio of 0.73. Commercial Vehicle Group has a 52-week low of $2.11 and a 52-week high of $7.34. The company's 50 day moving average price is $3.14 and its 200 day moving average price is $4.32.

Commercial Vehicle Group (NASDAQ:CVGI - Get Free Report) last released its quarterly earnings data on Monday, August 5th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.11). Commercial Vehicle Group had a net margin of 3.98% and a return on equity of 5.21%. The company had revenue of $229.91 million during the quarter, compared to analyst estimates of $237.69 million. During the same quarter in the prior year, the company earned $0.32 EPS.

Institutional Investors Weigh In On Commercial Vehicle Group

Several hedge funds have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC purchased a new stake in Commercial Vehicle Group during the 2nd quarter valued at approximately $47,000. SG Americas Securities LLC purchased a new stake in shares of Commercial Vehicle Group during the third quarter worth approximately $47,000. Victory Capital Management Inc. acquired a new stake in shares of Commercial Vehicle Group during the second quarter worth $76,000. Heron Bay Capital Management lifted its holdings in shares of Commercial Vehicle Group by 20.5% during the first quarter. Heron Bay Capital Management now owns 19,887 shares of the company's stock worth $128,000 after purchasing an additional 3,390 shares during the period. Finally, Aristides Capital LLC purchased a new position in Commercial Vehicle Group in the 1st quarter valued at $129,000. Institutional investors and hedge funds own 72.32% of the company's stock.

About Commercial Vehicle Group

Commercial Vehicle Group, Inc, together with its subsidiaries, designs, manufactures, assembles, and sells systems, assemblies, and components to commercial and electric vehicle, and industrial automation markets in North America, Europe, and the Asia-Pacific regions. The company operates in four segments: Vehicle Solutions, Electrical Systems, Aftermarket & Accessories, and Industrial Automation.