Covia Holdings (CVIA) Expected to Announce Earnings of $0.29 Per Share

Equities research analysts predict that Covia Holdings (NASDAQ:CVIA) will announce earnings per share (EPS) of $0.29 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Covia’s earnings. The lowest EPS estimate is $0.16 and the highest is $0.36. The firm is expected to issue its next earnings results before the market opens on Wednesday, November 14th.

According to Zacks, analysts expect that Covia will report full-year earnings of $1.07 per share for the current fiscal year, with EPS estimates ranging from $0.88 to $1.46. For the next year, analysts anticipate that the firm will report earnings of $0.58 per share, with EPS estimates ranging from ($0.13) to $1.57. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for Covia.

Covia (NASDAQ:CVIA) last released its quarterly earnings results on Tuesday, August 14th. The company reported $0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.62). The company had revenue of $508.42 million for the quarter, compared to the consensus estimate of $595.59 million. The business’s revenue for the quarter was up 56.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS.

Several analysts have recently issued reports on CVIA shares. Cowen reiterated a “buy” rating and issued a $19.00 target price on shares of Covia in a research report on Thursday, August 16th. KeyCorp reiterated a “buy” rating and issued a $21.00 target price on shares of Covia in a research report on Thursday, August 16th. Johnson Rice lowered shares of Covia from an “accumulate” rating to a “hold” rating in a research report on Monday, August 20th. Jefferies Financial Group lowered shares of Covia from a “buy” rating to a “hold” rating and set a $8.00 target price on the stock. in a research report on Wednesday. Finally, Credit Suisse Group dropped their target price on shares of Covia from $24.00 to $19.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 15th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $14.22.

Shares of NASDAQ CVIA opened at $6.40 on Wednesday. Covia has a 52-week low of $6.35 and a 52-week high of $30.00.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Stonebridge Capital Management Inc. purchased a new position in shares of Covia in the third quarter worth about $187,000. United Services Automobile Association purchased a new position in shares of Covia in the second quarter worth about $2,147,000. Northern Trust Corp purchased a new position in shares of Covia in the second quarter worth about $7,529,000. WealthTrust Fairport LLC purchased a new position in shares of Covia in the second quarter worth about $164,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Covia in the second quarter worth about $34,098,000.

About Covia

There is no company description available for Covia Holdings Corp.

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Earnings History and Estimates for Covia (NASDAQ:CVIA)

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