Q3 2024 Earnings Forecast for Commercial Vehicle Group, Inc. Issued By Noble Financial (NASDAQ:CVGI)

Commercial Vehicle Group, Inc. (NASDAQ:CVGI) – Stock analysts at Noble Financial decreased their Q3 2024 earnings per share (EPS) estimates for shares of Commercial Vehicle Group in a note issued to investors on Wednesday, August 7th. Noble Financial analyst J. Gomes now forecasts that the company will post earnings per share of $0.04 for the quarter, down from their prior forecast of $0.22. The consensus estimate for Commercial Vehicle Group’s current full-year earnings is $0.74 per share. Noble Financial also issued estimates for Commercial Vehicle Group’s Q4 2024 earnings at $0.03 EPS and FY2024 earnings at $0.27 EPS.

Commercial Vehicle Group (NASDAQ:CVGI) last released its earnings results on Monday, August 5th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.11). Commercial Vehicle Group had a return on equity of 15.85% and a net margin of 4.53%. The firm had revenue of $229.91 million for the quarter, compared to the consensus estimate of $237.69 million. During the same period in the prior year, the business earned $0.32 EPS.

A number of other brokerages have also recently weighed in on CVGI. Barrington Research reiterated an “outperform” rating and set a $10.00 price target on shares of Commercial Vehicle Group in a research report on Monday, August 5th. StockNews.com cut Commercial Vehicle Group from a “buy” rating to a “hold” rating in a research report on Thursday.

Commercial Vehicle Group Stock Up 1.8 %

Shares of Commercial Vehicle Group stock opened at $3.44 on Friday. The company has a current ratio of 2.30, a quick ratio of 1.48 and a debt-to-equity ratio of 0.79. The business’s 50 day simple moving average is $5.01 and its 200-day simple moving average is $5.75. The stock has a market capitalization of $118.26 million, a price-to-earnings ratio of 2.63, a PEG ratio of 0.31 and a beta of 2.52. Commercial Vehicle Group has a twelve month low of $3.22 and a twelve month high of $10.74.

Institutional Trading of Commercial Vehicle Group

Large investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC bought a new position in Commercial Vehicle Group during the 2nd quarter valued at $47,000. Tower Research Capital LLC TRC boosted its stake in Commercial Vehicle Group by 256.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 8,006 shares of the company’s stock valued at $56,000 after purchasing an additional 5,763 shares in the last quarter. Victory Capital Management Inc. bought a new position in Commercial Vehicle Group during the 2nd quarter valued at $76,000. SG Americas Securities LLC boosted its stake in Commercial Vehicle Group by 33.1% during the 4th quarter. SG Americas Securities LLC now owns 17,259 shares of the company’s stock valued at $121,000 after purchasing an additional 4,291 shares in the last quarter. Finally, Heron Bay Capital Management boosted its stake in Commercial Vehicle Group by 20.5% during the 1st quarter. Heron Bay Capital Management now owns 19,887 shares of the company’s stock valued at $128,000 after purchasing an additional 3,390 shares in the last quarter. 72.32% of the stock is currently owned by institutional investors and hedge funds.

Commercial Vehicle Group Company Profile

Commercial Vehicle Group, Inc, together with its subsidiaries, designs, manufactures, assembles, and sells systems, assemblies, and components to commercial and electric vehicle, and industrial automation markets in North America, Europe, and the Asia-Pacific regions. The company operates in four segments: Vehicle Solutions, Electrical Systems, Aftermarket & Accessories, and Industrial Automation.