Q3 2017 EPS Estimates for Commercial Vehicle Group, Inc. (CVGI) Cut by Seaport Global Securities

Commercial Vehicle Group, Inc. (NASDAQ:CVGI) – Seaport Global Securities reduced their Q3 2017 earnings per share (EPS) estimates for Commercial Vehicle Group in a research note issued on Tuesday. Seaport Global Securities analyst M. Shlisky now forecasts that the company will post earnings of $0.05 per share for the quarter, down from their prior estimate of $0.13. Seaport Global Securities currently has a “Buy” rating and a $8.50 target price on the stock. Seaport Global Securities also issued estimates for Commercial Vehicle Group’s FY2017 earnings at $0.36 EPS.

Commercial Vehicle Group (NASDAQ:CVGI) last announced its quarterly earnings data on Monday, August 7th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.13 by $0.05. Commercial Vehicle Group had a net margin of 0.34% and a return on equity of 10.65%. The company had revenue of $195.13 million for the quarter, compared to analyst estimates of $186.20 million. During the same quarter in the prior year, the company posted $0.10 EPS. Commercial Vehicle Group’s revenue for the quarter was up 9.5% on a year-over-year basis. COPYRIGHT VIOLATION WARNING: “Q3 2017 EPS Estimates for Commercial Vehicle Group, Inc. (CVGI) Cut by Seaport Global Securities” was posted by Transcript Daily and is owned by of Transcript Daily. If you are viewing this report on another site, it was illegally copied and republished in violation of United States and international copyright & trademark legislation. The correct version of this report can be read at https://transcriptdaily.com/2017/08/13/q3-2017-eps-estimates-for-commercial-vehicle-group-inc-cvgi-cut-by-seaport-global-securities.html.

Separately, Zacks Investment Research lowered shares of Commercial Vehicle Group from a “buy” rating to a “hold” rating in a research note on Friday.

Commercial Vehicle Group (NASDAQ CVGI) opened at 6.30 on Friday. The firm has a market cap of $188.20 million, a price-to-earnings ratio of 82.89 and a beta of 0.66. The stock’s 50 day moving average is $8.33 and its 200 day moving average is $7.47. Commercial Vehicle Group has a one year low of $4.21 and a one year high of $9.62.

A number of large investors have recently bought and sold shares of the company. Ironwood Investment Management LLC raised its stake in Commercial Vehicle Group by 0.5% in the first quarter. Ironwood Investment Management LLC now owns 257,690 shares of the company’s stock valued at $1,745,000 after buying an additional 1,375 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Commercial Vehicle Group by 1.3% in the first quarter. Bank of New York Mellon Corp now owns 115,861 shares of the company’s stock valued at $785,000 after buying an additional 1,439 shares during the period. ClariVest Asset Management LLC boosted its position in shares of Commercial Vehicle Group by 5.3% in the first quarter. ClariVest Asset Management LLC now owns 72,829 shares of the company’s stock valued at $493,000 after buying an additional 3,675 shares during the period. Cadence Capital Management LLC boosted its position in shares of Commercial Vehicle Group by 4.8% in the second quarter. Cadence Capital Management LLC now owns 157,450 shares of the company’s stock valued at $1,330,000 after buying an additional 7,253 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of Commercial Vehicle Group by 0.8% in the first quarter. Vanguard Group Inc. now owns 1,131,065 shares of the company’s stock valued at $7,658,000 after buying an additional 9,295 shares during the period. 59.79% of the stock is currently owned by institutional investors and hedge funds.

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.

Earnings History and Estimates for Commercial Vehicle Group (NASDAQ:CVGI)

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