Commercial Vehicle Group, Inc. (NASDAQ:CVGI) – Equities researchers at Seaport Global Securities dropped their Q2 2018 EPS estimates for Commercial Vehicle Group in a research note issued on Wednesday. Seaport Global Securities analyst M. Shlisky now forecasts that the company will earn $0.27 per share for the quarter, down from their previous estimate of $0.37. Seaport Global Securities also issued estimates for Commercial Vehicle Group’s Q4 2018 earnings at $0.32 EPS.
CVGI has been the topic of several other research reports. ValuEngine downgraded shares of Commercial Vehicle Group from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Zacks Investment Research raised shares of Commercial Vehicle Group from a “hold” rating to a “strong-buy” rating and set a $13.00 target price on the stock in a research report on Wednesday, January 17th. Finally, BidaskClub downgraded shares of Commercial Vehicle Group from a “buy” rating to a “hold” rating in a research report on Tuesday, January 30th.
Commercial Vehicle Group (NASDAQ:CVGI) last released its earnings results on Monday, March 12th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.01). The company had revenue of $188.30 million for the quarter, compared to analysts’ expectations of $191.10 million. Commercial Vehicle Group had a positive return on equity of 18.39% and a negative net margin of 0.23%. The firm’s revenue for the quarter was up 25.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.02 EPS.
A number of large investors have recently added to or reduced their stakes in the business. Allianz Asset Management GmbH acquired a new stake in Commercial Vehicle Group during the 4th quarter valued at approximately $109,000. Wells Fargo & Company MN lifted its stake in Commercial Vehicle Group by 54.7% during the 3rd quarter. Wells Fargo & Company MN now owns 15,312 shares of the company’s stock valued at $113,000 after acquiring an additional 5,412 shares during the period. MetLife Investment Advisors LLC acquired a new stake in Commercial Vehicle Group during the 4th quarter valued at approximately $135,000. SG Americas Securities LLC acquired a new stake in Commercial Vehicle Group during the 3rd quarter valued at approximately $139,000. Finally, The Manufacturers Life Insurance Company lifted its stake in Commercial Vehicle Group by 10,810.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,020 shares of the company’s stock valued at $195,000 after acquiring an additional 22,809 shares during the period. 77.44% of the stock is currently owned by institutional investors.
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Commercial Vehicle Group Company Profile
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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