Commercial Vehicle Group (NASDAQ:CVGI) Announces Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Commercial Vehicle Group (NASDAQ:CVGI) announced its earnings results on Monday. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01), FiscalAI reports. The company had revenue of $208.09 million for the quarter, compared to analyst estimates of $190.93 million. Commercial Vehicle Group had a negative return on equity of 9.62% and a negative net margin of 1.43%.

Commercial Vehicle Group Stock Down 2.4%

NASDAQ CVGI traded down $0.08 during trading hours on Wednesday, hitting $3.26. The company’s stock had a trading volume of 124,055 shares, compared to its average volume of 635,549. Commercial Vehicle Group has a 52 week low of $1.29 and a 52 week high of $5.88. The company has a market capitalization of $132.49 million, a PE ratio of -10.20 and a beta of 1.37. The company has a current ratio of 1.98, a quick ratio of 1.16 and a debt-to-equity ratio of 0.64. The company’s 50-day simple moving average is $3.01 and its two-hundred day simple moving average is $3.50.

Wall Street Analysts Forecast Growth

CVGI has been the topic of a number of recent analyst reports. Wall Street Zen lowered Commercial Vehicle Group from a “buy” rating to a “hold” rating in a research note on Monday, August 10th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Commercial Vehicle Group in a report on Friday, September 4th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Commercial Vehicle Group presently has an average rating of “Hold” and an average target price of $6.00.

Commercial Vehicle Group Company Profile

Commercial Vehicle Group, Inc (NASDAQ: CVGI) is a supplier of systems, components and assemblies for commercial vehicles and other specialty equipment. The company serves original equipment manufacturers in markets such as heavy-duty trucks, construction equipment, agricultural machinery, military vehicles and other industrial applications.

Its products include vehicle seating systems, cab structures, sleeper cabs, trim and interior components, instrument panels, control systems, wire harnesses and other electrical assemblies.