Commercial Vehicle Group, Inc. (NASDAQ:CVGI) – Equities researchers at Seaport Global Securities dropped their Q1 2018 EPS estimates for shares of Commercial Vehicle Group in a note issued to investors on Wednesday. Seaport Global Securities analyst M. Shlisky now expects that the company will post earnings per share of $0.21 for the quarter, down from their prior forecast of $0.36. Seaport Global Securities also issued estimates for Commercial Vehicle Group’s Q3 2018 earnings at $0.38 EPS, FY2018 earnings at $1.18 EPS and FY2019 earnings at $1.33 EPS.
Several other equities research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Commercial Vehicle Group from a “buy” rating to a “hold” rating in a report on Tuesday. ValuEngine lowered shares of Commercial Vehicle Group from a “buy” rating to a “hold” rating in a report on Monday. Finally, BidaskClub downgraded shares of Commercial Vehicle Group from a “hold” rating to a “sell” rating in a research report on Saturday, February 17th.
Shares of Commercial Vehicle Group stock opened at $8.60 on Monday. The stock has a market cap of $268.50, a PE ratio of -143.33 and a beta of 1.31. The company has a quick ratio of 1.42, a current ratio of 2.22 and a debt-to-equity ratio of 2.19. Commercial Vehicle Group has a twelve month low of $5.35 and a twelve month high of $13.90.
Commercial Vehicle Group (NASDAQ:CVGI) last released its quarterly earnings data on Monday, March 12th. The company reported $0.12 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.01). The business had revenue of $188.30 million for the quarter, compared to the consensus estimate of $191.10 million. Commercial Vehicle Group had a negative net margin of 0.23% and a positive return on equity of 18.39%. Commercial Vehicle Group’s revenue for the quarter was up 25.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.02 EPS.
Hedge funds and other institutional investors have recently bought and sold shares of the business. New York State Common Retirement Fund acquired a new stake in Commercial Vehicle Group during the 2nd quarter valued at approximately $227,000. Northern Trust Corp lifted its stake in Commercial Vehicle Group by 313.7% during the 2nd quarter. Northern Trust Corp now owns 305,218 shares of the company’s stock valued at $2,579,000 after acquiring an additional 231,445 shares during the period. Vanguard Group Inc. lifted its stake 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 acquiring an additional 15,512 shares during the period. State Street Corp lifted its stake in Commercial Vehicle Group by 1,663.5% during the 2nd quarter. State Street Corp now owns 278,477 shares of the company’s stock valued at $2,353,000 after acquiring an additional 262,686 shares during the period. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of 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 purchasing an additional 22,809 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.
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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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