Noble Financial Issues Optimistic Outlook for CVGI Earnings

Commercial Vehicle Group, Inc. (NASDAQ:CVGI) – Stock analysts at Noble Financial boosted their FY2027 earnings estimates for Commercial Vehicle Group in a research report issued to clients and investors on Wednesday, November 4th. Noble Financial analyst J. Gomes now forecasts that the company will post earnings of $0.15 per share for the year, up from their previous estimate of $0.10. The consensus estimate for Commercial Vehicle Group’s current full-year earnings is ($0.20) per share.

Commercial Vehicle Group (NASDAQ:CVGI) last issued its earnings results on Monday, November 2nd. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01). Commercial Vehicle Group had a negative return on equity of 9.49% and a negative net margin of 1.43%. The firm had revenue of $208.09 million during the quarter, compared to the consensus estimate of $190.93 million.

A number of other equities analysts have also weighed in on CVGI. Wall Street Zen lowered shares of Commercial Vehicle Group from a “buy” rating to a “hold” rating in a report on Monday, August 10th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Commercial Vehicle Group in a research note on Friday, September 4th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Commercial Vehicle Group presently has a consensus rating of “Hold” and a consensus target price of $6.00.

Commercial Vehicle Group Price Performance

Shares of CVGI opened at $3.42 on Thursday. The company has a market capitalization of $138.96 million, a P/E ratio of -10.69 and a beta of 1.37. The company has a quick ratio of 1.16, a current ratio of 1.92 and a debt-to-equity ratio of 0.65. The firm has a 50 day moving average of $3.01 and a 200 day moving average of $3.51. Commercial Vehicle Group has a twelve month low of $1.29 and a twelve month high of $5.88.

Institutional Trading of Commercial Vehicle Group

A number of hedge funds have recently bought and sold shares of the company. BlackRock Inc. bought a new position in Commercial Vehicle Group in the second quarter valued at about $10,816,000. Sei Investments Co. purchased a new position in Commercial Vehicle Group in the first quarter worth about $1,262,000. Walleye Capital LLC purchased a new position in Commercial Vehicle Group in the first quarter worth about $851,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Commercial Vehicle Group during the 2nd quarter valued at about $520,000. Finally, Renaissance Technologies LLC grew its stake in shares of Commercial Vehicle Group by 6.8% during the 1st quarter. Renaissance Technologies LLC now owns 1,731,491 shares of the company’s stock valued at $5,904,000 after purchasing an additional 109,528 shares during the period. Hedge funds and other institutional investors own 72.32% of the company’s stock.

About Commercial Vehicle Group

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.