Commercial Vehicle Group, Inc. (NASDAQ:CVGI – Get Rating) – Investment analysts at Barrington Research issued their Q3 2022 EPS estimates for Commercial Vehicle Group in a research note issued to investors on Wednesday, October 5th. Barrington Research analyst G. Prestopino forecasts that the company will earn $0.24 per share for the quarter. Barrington Research has a “Outperform” rating on the stock. The consensus estimate for Commercial Vehicle Group’s current full-year earnings is $0.77 per share. Barrington Research also issued estimates for Commercial Vehicle Group’s Q4 2022 earnings at $0.29 EPS, FY2022 earnings at $0.82 EPS and FY2023 earnings at $1.08 EPS.
Commercial Vehicle Group (NASDAQ:CVGI – Get Rating) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.04). Commercial Vehicle Group had a return on equity of 16.93% and a net margin of 1.72%. The business had revenue of $250.85 million during the quarter, compared to analyst estimates of $244.61 million.
Separately, StockNews.com lowered shares of Commercial Vehicle Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 4th.
Commercial Vehicle Group Price Performance
Shares of Commercial Vehicle Group stock opened at $4.48 on Monday. Commercial Vehicle Group has a 1-year low of $4.27 and a 1-year high of $10.58. The company has a current ratio of 2.17, a quick ratio of 1.39 and a debt-to-equity ratio of 1.48. The firm’s 50-day moving average price is $6.21 and its two-hundred day moving average price is $6.60. The stock has a market capitalization of $149.65 million, a price-to-earnings ratio of 8.78, a P/E/G ratio of 0.30 and a beta of 3.17.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in CVGI. Millennium Management LLC bought a new position in Commercial Vehicle Group in the second quarter valued at $2,307,000. Royce & Associates LP grew its position in shares of Commercial Vehicle Group by 24.2% in the 1st quarter. Royce & Associates LP now owns 1,515,273 shares of the company’s stock valued at $12,804,000 after acquiring an additional 295,290 shares during the period. Polar Asset Management Partners Inc. grew its position in shares of Commercial Vehicle Group by 16.2% in the 1st quarter. Polar Asset Management Partners Inc. now owns 1,763,132 shares of the company’s stock valued at $14,898,000 after acquiring an additional 245,838 shares during the period. Invesco Ltd. grew its position in shares of Commercial Vehicle Group by 167.4% in the 1st quarter. Invesco Ltd. now owns 264,352 shares of the company’s stock valued at $2,234,000 after acquiring an additional 165,476 shares during the period. Finally, Citadel Advisors LLC grew its position in shares of Commercial Vehicle Group by 994.8% in the 2nd quarter. Citadel Advisors LLC now owns 180,647 shares of the company’s stock valued at $1,055,000 after acquiring an additional 164,147 shares during the period. Institutional investors own 55.12% of the company’s stock.
Commercial Vehicle Group Company Profile
Commercial Vehicle Group, Inc, together with its subsidiaries, designs, manufactures, produces, and sells components and assemblies in North America, Europe, and the Asia-Pacific regions. It operates in four segments: Vehicle Solutions, Warehouse Automation, Electrical Systems, and Aftermarket & Accessories.
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