Covia Holdings (CVIA) to Post Q1 2019 Earnings of $0.15 Per Share, Jefferies Financial Group Forecasts

Covia Holdings (NASDAQ:CVIA) – Investment analysts at Jefferies Financial Group issued their Q1 2019 earnings per share estimates for Covia in a note issued to investors on Wednesday, October 17th. Jefferies Financial Group analyst S. Pant anticipates that the company will post earnings per share of $0.15 for the quarter. Jefferies Financial Group currently has a “Hold” rating and a $8.00 target price on the stock. Jefferies Financial Group also issued estimates for Covia’s Q2 2019 earnings at $0.19 EPS, Q3 2019 earnings at $0.20 EPS, Q4 2019 earnings at $0.05 EPS and FY2020 earnings at $0.45 EPS.

CVIA has been the subject of several other research reports. Wells Fargo & Co started coverage on shares of Covia in a report on Friday, September 14th. They issued a “market perform” rating and a $11.00 target price for the company. Morgan Stanley downgraded shares of Covia from an “equal” rating to a “weight” rating in a report on Thursday, October 11th. Seaport Global Securities reissued a “buy” rating on shares of Covia in a report on Thursday, August 30th. Zacks Investment Research downgraded shares of Covia from a “hold” rating to a “strong sell” rating in a report on Monday, August 20th. Finally, Bank of America started coverage on shares of Covia in a report on Wednesday. They set an “underperform” rating for the company. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $14.22.

Shares of Covia stock opened at $6.40 on Thursday. Covia has a fifty-two week low of $6.35 and a fifty-two week high of $30.00.

Covia (NASDAQ:CVIA) last issued its earnings results on Tuesday, August 14th. The company reported $0.14 earnings per share for the quarter, missing the 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 period in the prior year, the company earned $0.25 earnings per share.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Stonebridge Capital Management Inc. bought a new position in shares of Covia during the 3rd quarter valued at about $187,000. United Services Automobile Association purchased a new stake in shares of Covia during the 2nd quarter valued at about $2,147,000. Northern Trust Corp purchased a new stake in shares of Covia during the 2nd quarter valued at about $7,529,000. WealthTrust Fairport LLC purchased a new stake in shares of Covia during the 2nd quarter valued at about $164,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Covia during the 2nd quarter valued at about $34,098,000.

Covia Company Profile

There is no company description available for Covia Holdings Corp.

Further Reading: Cash Flow Analysis in Stock Selection

Earnings History and Estimates for Covia (NASDAQ:CVIA)

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