Commercial Vehicle Group, Inc. (NASDAQ:CVGI) – Equities researchers at Seaport Global Securities lowered their Q2 2018 earnings estimates for Commercial Vehicle Group in a research note issued to investors on Wednesday. Seaport Global Securities analyst M. Shlisky now anticipates that the company will earn $0.27 per share for the quarter, down from their previous forecast of $0.37. Seaport Global Securities also issued estimates for Commercial Vehicle Group’s Q4 2018 earnings at $0.32 EPS.
A number of other equities analysts have also weighed in on CVGI. ValuEngine lowered Commercial Vehicle Group from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Zacks Investment Research raised Commercial Vehicle Group from a “hold” rating to a “strong-buy” rating and set a $12.00 price objective on the stock in a research note on Tuesday, January 2nd. Finally, BidaskClub lowered Commercial Vehicle Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 11th.
Commercial Vehicle Group (NASDAQ:CVGI) last released its quarterly earnings data on Monday, March 12th. The company reported $0.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.01). The company had revenue of $188.30 million for the quarter, compared to analyst estimates of $191.10 million. Commercial Vehicle Group had a positive return on equity of 18.39% and a negative net margin of 0.23%. The business’s quarterly revenue was up 25.5% on a year-over-year basis. During the same period last year, the firm posted $0.02 EPS.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Allianz Asset Management GmbH acquired a new position in shares of Commercial Vehicle Group in the 4th quarter valued at $109,000. MetLife Investment Advisors LLC acquired a new position in shares of Commercial Vehicle Group in the 4th quarter valued at $135,000. Wells Fargo & Company MN lifted its stake in shares of Commercial Vehicle Group by 54.7% in the 3rd quarter. Wells Fargo & Company MN now owns 15,312 shares of the company’s stock valued at $113,000 after purchasing an additional 5,412 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Commercial Vehicle Group in the 3rd quarter valued at $139,000. Finally, Bogle Investment Management L P DE acquired a new position in shares of Commercial Vehicle Group in the 4th quarter valued at $212,000. 77.44% of the stock is currently owned by institutional investors.
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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.
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