CPI Aerostructures (CVU) Expected to Announce Quarterly Sales of $23.75 Million

Equities analysts predict that CPI Aerostructures (NASDAQ:CVU) will announce sales of $23.75 million for the current quarter, Zacks reports. Two analysts have issued estimates for CPI Aerostructures’ earnings, with estimates ranging from $23.50 million to $24.00 million. CPI Aerostructures reported sales of $23.80 million during the same quarter last year, which indicates a negative year over year growth rate of 0.2%. The company is scheduled to report its next earnings results on Thursday, March 28th.

On average, analysts expect that CPI Aerostructures will report full year sales of $82.93 million for the current financial year, with estimates ranging from $82.40 million to $83.45 million. For the next fiscal year, analysts anticipate that the firm will post sales of $92.25 million, with estimates ranging from $87.50 million to $97.00 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow CPI Aerostructures.

CPI Aerostructures (NASDAQ:CVU) last issued its quarterly earnings results on Thursday, November 8th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.02. The firm had revenue of $19.95 million for the quarter, compared to analysts’ expectations of $20.25 million.

NASDAQ:CVU traded up $0.24 during trading hours on Wednesday, hitting $6.86. 33,280 shares of the stock traded hands, compared to its average volume of 25,260. CPI Aerostructures has a 1 year low of $5.83 and a 1 year high of $11.75.

About CPI Aerostructures

CPI Aerostructures, Inc engages in the contract production of structural aircraft parts for fixed wing aircraft and helicopters in the commercial and defense markets. It also offers aero systems, such as reconnaissance pod structures and fuel panel systems, as well as supplies parts for maintenance repair and overhaul (MRO), and kitting contracts.

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