Commercial Vehicle Group (NASDAQ:CVGI) Announces Quarterly Earnings Results

Commercial Vehicle Group (NASDAQ:CVGI) issued its earnings results on Monday. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01), FiscalAI reports. The firm had revenue of $208.09 million during the quarter, compared to analysts’ expectations of $190.93 million. Commercial Vehicle Group had a negative return on equity of 13.91% and a negative net margin of 3.42%.

Commercial Vehicle Group Stock Performance

CVGI traded up $0.01 during midday trading on Monday, hitting $3.17. 350,822 shares of the company traded hands, compared to its average volume of 635,537. The company has a quick ratio of 1.16, a current ratio of 1.98 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $128.81 million, a PE ratio of -4.73 and a beta of 1.38. The company’s 50-day moving average is $3.00 and its 200 day moving average is $3.49. Commercial Vehicle Group has a 52 week low of $1.29 and a 52 week high of $5.88.

Analyst Ratings Changes

Several brokerages recently weighed in on CVGI. Weiss Ratings reissued a “sell (d-)” rating on shares of Commercial Vehicle Group in a research report on Friday, September 4th. Wall Street Zen downgraded Commercial Vehicle Group from a “buy” rating to a “hold” rating in a research note on Monday, August 10th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Commercial Vehicle Group presently has a consensus rating of “Hold” and an average price target of $6.00.

Commercial Vehicle Group Company Profile

Commercial Vehicle Group, Inc (NASDAQ: CVGI) is a supplier of systems, components and assemblies for commercial vehicles and other specialty equipment. The company serves original equipment manufacturers in markets such as heavy-duty trucks, construction equipment, agricultural machinery, military vehicles and other industrial applications.

Its products include vehicle seating systems, cab structures, sleeper cabs, trim and interior components, instrument panels, control systems, wire harnesses and other electrical assemblies.