Equities Analysts Set Expectations for Commercial Vehicle Group, Inc.’s Q1 2018 Earnings (CVGI)

Commercial Vehicle Group, Inc. (NASDAQ:CVGI) – Investment analysts at Seaport Global Securities upped their Q1 2018 earnings per share estimates for shares of Commercial Vehicle Group in a research report issued to clients and investors on Tuesday. Seaport Global Securities analyst M. Shlisky now expects that the company will post earnings of $0.36 per share for the quarter, up from their prior forecast of $0.33. Seaport Global Securities also issued estimates for Commercial Vehicle Group’s Q4 2018 earnings at $0.23 EPS, FY2018 earnings at $1.22 EPS and FY2019 earnings at $1.01 EPS.

Commercial Vehicle Group (NASDAQ:CVGI) last released its earnings results on Monday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.11. The business had revenue of $198.30 million for the quarter, compared to analyst estimates of $173.90 million. Commercial Vehicle Group had a return on equity of 14.58% and a net margin of 0.82%. The company’s revenue for the quarter was up 29.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 earnings per share.

Other research analysts have also issued research reports about the company. Zacks Investment Research raised Commercial Vehicle Group from a “hold” rating to a “strong-buy” rating and set a $13.00 target price on the stock in a report on Wednesday. ValuEngine lowered Commercial Vehicle Group from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, BidaskClub lowered Commercial Vehicle Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 11th.

Commercial Vehicle Group (CVGI) traded up $0.13 during trading hours on Wednesday, hitting $12.92. The stock had a trading volume of 581,000 shares, compared to its average volume of 259,450. The firm has a market capitalization of $399.55, a price-to-earnings ratio of 64.60 and a beta of 1.00. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.44 and a current ratio of 2.09. Commercial Vehicle Group has a 1-year low of $5.17 and a 1-year high of $13.66.

Large investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN increased its holdings in shares of Commercial Vehicle Group by 54.7% in the third quarter. Wells Fargo & Company MN now owns 15,312 shares of the company’s stock valued at $113,000 after purchasing an additional 5,412 shares during the period. SG Americas Securities LLC acquired a new position in shares of Commercial Vehicle Group in the third quarter valued at approximately $139,000. The Manufacturers Life Insurance Company grew its holdings in Commercial Vehicle Group by 10,810.0% during the second quarter. The Manufacturers Life Insurance Company now owns 23,020 shares of the company’s stock worth $195,000 after acquiring an additional 22,809 shares during the period. Rhumbline Advisers acquired a new position in Commercial Vehicle Group during the second quarter worth $225,000. Finally, New York State Common Retirement Fund acquired a new position in Commercial Vehicle Group during the second quarter worth $227,000. 76.44% 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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