Commercial Vehicle Group, Inc. (NASDAQ:CVGI - Free Report) - Research analysts at Noble Financial decreased their FY2024 EPS estimates for shares of Commercial Vehicle Group in a research note issued on Wednesday, November 6th. Noble Financial analyst J. Gomes now anticipates that the company will post earnings per share of ($0.10) for the year, down from their prior estimate of $0.27. The consensus estimate for Commercial Vehicle Group's current full-year earnings is $0.30 per share. Noble Financial also issued estimates for Commercial Vehicle Group's Q4 2024 earnings at ($0.08) EPS and FY2025 earnings at $0.13 EPS.
Commercial Vehicle Group (NASDAQ:CVGI - Get Free Report) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.06 earnings per share 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 firm had revenue of $229.91 million during the quarter, compared to the consensus estimate of $237.69 million. During the same quarter in the prior year, the business earned $0.32 earnings per share.
A number of other analysts also recently commented on CVGI. StockNews.com downgraded shares of Commercial Vehicle Group from a "buy" rating to a "hold" rating in a research report on Tuesday. Barrington Research reiterated an "outperform" rating and issued a $10.00 target price on shares of Commercial Vehicle Group in a report on Monday, August 5th.
Read Our Latest Research Report on CVGI
Commercial Vehicle Group Price Performance
Shares of CVGI stock traded down $0.04 during midday trading on Friday, reaching $2.53. 285,855 shares of the company were exchanged, compared to its average volume of 149,840. Commercial Vehicle Group has a 12 month low of $2.11 and a 12 month high of $7.34. The company has a market cap of $86.81 million, a P/E ratio of 2.51, a PEG ratio of 0.47 and a beta of 2.46. The company's 50 day moving average price is $3.16 and its two-hundred day moving average price is $4.35. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.27 and a current ratio of 2.06.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in CVGI. Allspring Global Investments Holdings LLC purchased a new position in shares of Commercial Vehicle Group in the second quarter worth approximately $47,000. SG Americas Securities LLC purchased a new position in Commercial Vehicle Group during the third quarter valued at approximately $47,000. Victory Capital Management Inc. purchased a new position in Commercial Vehicle Group during the second quarter valued at approximately $76,000. Heron Bay Capital Management grew its position in Commercial Vehicle Group by 20.5% during the first quarter. Heron Bay Capital Management now owns 19,887 shares of the company's stock valued at $128,000 after purchasing an additional 3,390 shares in the last quarter. Finally, Aristides Capital LLC purchased a new position in Commercial Vehicle Group during the first quarter valued at approximately $129,000. 72.32% of the stock is owned by hedge funds and other institutional investors.
Commercial Vehicle Group Company Profile
(
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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.
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