Commercial Vehicle Group, Inc. (NASDAQ:CVGI) – Investment analysts at Seaport Global Securities lifted their Q2 2018 earnings per share estimates for shares of Commercial Vehicle Group in a report issued on Wednesday, Zacks Investment Research reports. Seaport Global Securities analyst M. Shlisky now forecasts that the company will post earnings of $0.37 per share for the quarter, up from their prior estimate of $0.24. Seaport Global Securities also issued estimates for Commercial Vehicle Group’s Q3 2018 earnings at $0.25 EPS and FY2018 earnings at $1.17 EPS.
A number of other research analysts have also recently commented on the stock. Zacks Investment Research raised shares of Commercial Vehicle Group from a “hold” rating to a “buy” rating and set a $8.75 target price for the company in a report on Thursday, October 19th. ValuEngine raised shares of Commercial Vehicle Group from a “hold” rating to a “buy” rating in a report on Tuesday, November 7th.
Commercial Vehicle Group (NASDAQ:CVGI) opened at $10.81 on Friday. The company has a market cap of $339.12, a PE ratio of 32.79 and a beta of 0.85. The company has a quick ratio of 1.44, a current ratio of 2.09 and a debt-to-equity ratio of 2.10. Commercial Vehicle Group has a fifty-two week low of $4.95 and a fifty-two week high of $11.38.
Commercial Vehicle Group (NASDAQ:CVGI) last announced its quarterly earnings data on Monday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.11. The firm had revenue of $198.30 million for the quarter, compared to the consensus estimate of $173.90 million. Commercial Vehicle Group had a net margin of 0.82% and a return on equity of 14.58%. The business’s revenue for the quarter was up 29.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.07 earnings per share.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Royce & Associates LP raised its holdings in Commercial Vehicle Group by 8.8% in the 3rd quarter. Royce & Associates LP now owns 2,011,183 shares of the company’s stock valued at $14,782,000 after buying an additional 162,546 shares during the last quarter. Renaissance Technologies LLC increased its position in Commercial Vehicle Group by 50.1% during the 2nd quarter. Renaissance Technologies LLC now owns 1,864,305 shares of the company’s stock valued at $15,753,000 after purchasing an additional 622,305 shares during the period. Dimensional Fund Advisors LP increased its position in Commercial Vehicle Group by 16.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,602,168 shares of the company’s stock valued at $11,776,000 after purchasing an additional 220,524 shares during the period. Numeric Investors LLC increased its position in Commercial Vehicle Group by 56.5% during the 2nd quarter. Numeric Investors LLC now owns 1,535,958 shares of the company’s stock valued at $12,979,000 after purchasing an additional 554,206 shares during the period. Finally, Vanguard Group Inc. increased its position in Commercial Vehicle Group by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 1,146,577 shares of the company’s stock valued at $9,689,000 after purchasing an additional 15,512 shares during the period. Institutional investors and hedge funds own 76.04% of the company’s stock.
About Commercial Vehicle Group
Commercial Vehicle Group, Inc is a supplier of a range of cab-related products and systems. The Company operates through two segments: the Global Truck and Bus Segment (GTB Segment) and the Global Construction and Agriculture Segment (GCA Segment). The GTB Segment manufactures and sells products, which include Seats, Trim, sleeper boxes, cab structures, structural components and body panels, and mirrors and wiper systems.
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