Commercial Vehicle Group (NASDAQ:CVGI) Issues Quarterly Earnings Results, Misses Expectations By $0.08 EPS

Commercial Vehicle Group (NASDAQ:CVGI) announced its earnings results on Monday. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.08), FiscalAI reports. Commercial Vehicle Group had a negative return on equity of 12.47% and a negative net margin of 2.70%.The company had revenue of $195.24 million for the quarter, compared to the consensus estimate of $171.61 million.

Commercial Vehicle Group Stock Performance

Shares of CVGI stock traded up $0.06 during trading hours on Monday, reaching $4.59. 634,849 shares of the company’s stock were exchanged, compared to its average volume of 770,043. Commercial Vehicle Group has a fifty-two week low of $1.29 and a fifty-two week high of $5.88. The company has a quick ratio of 1.20, a current ratio of 2.13 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $167.63 million, a P/E ratio of -8.83 and a beta of 1.45. The business has a fifty day moving average price of $4.87 and a 200-day moving average price of $3.66.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Barrington Research reissued an “outperform” rating and issued a $6.00 price target on shares of Commercial Vehicle Group in a research report on Monday, May 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Commercial Vehicle Group in a research note on Tuesday, June 9th. Noble Financial reiterated an “outperform” rating on shares of Commercial Vehicle Group in a report on Thursday, May 7th. Finally, Wall Street Zen lowered shares of Commercial Vehicle Group from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $6.00.

Hedge Funds Weigh In On Commercial Vehicle Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership increased its holdings in Commercial Vehicle Group by 463.7% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 285,122 shares of the company’s stock valued at $485,000 after buying an additional 234,545 shares during the period. XTX Topco Ltd bought a new position in shares of Commercial Vehicle Group during the 2nd quarter worth about $174,000. Bridgeway Capital Management LLC boosted its position in shares of Commercial Vehicle Group by 88.7% during the 3rd quarter. Bridgeway Capital Management LLC now owns 117,803 shares of the company’s stock valued at $200,000 after acquiring an additional 55,382 shares in the last quarter. Jane Street Group LLC boosted its position in shares of Commercial Vehicle Group by 259.3% during the 1st quarter. Jane Street Group LLC now owns 74,086 shares of the company’s stock valued at $85,000 after acquiring an additional 53,468 shares in the last quarter. Finally, Qube Research & Technologies Ltd bought a new stake in Commercial Vehicle Group in the second quarter valued at about $78,000. Institutional investors own 72.32% of the company’s stock.

About Commercial Vehicle Group

Commercial Vehicle Group, Inc (NASDAQ: CVGI) is a global designer, engineer and manufacturer of seating systems and interior components for commercial vehicles. The company serves original equipment manufacturers (OEMs) in the on‐highway, off‐highway and specialty vehicle markets, supplying complete seating assemblies, suspension mechanisms and interior trim products. CVGI’s offerings are aimed at enhancing driver comfort, safety and overall vehicle usability across a diverse range of applications, from heavy‐duty trucks and transit buses to agricultural and construction equipment.

The company’s product portfolio is organized around three core segments: Seating, Controls and Interiors.