Equities Analysts Offer Predictions for CVGI Q4 Earnings

Commercial Vehicle Group, Inc. (NASDAQ:CVGI) – Analysts at Sidoti Csr lowered their Q4 2024 earnings estimates for shares of Commercial Vehicle Group in a research report issued to clients and investors on Wednesday, November 6th. Sidoti Csr analyst J. Franzreb now anticipates that the company will earn ($0.07) per share for the quarter, down from their previous forecast of $0.08. The consensus estimate for Commercial Vehicle Group’s current full-year earnings is $0.30 per share. Sidoti Csr also issued estimates for Commercial Vehicle Group’s Q1 2025 earnings at ($0.01) EPS, Q2 2025 earnings at $0.05 EPS, Q3 2025 earnings at $0.02 EPS, Q4 2025 earnings at $0.03 EPS and FY2025 earnings at $0.10 EPS.

Commercial Vehicle Group (NASDAQ:CVGI) last issued its quarterly earnings results on Monday, August 5th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.11). The business had revenue of $229.91 million for the quarter, compared to analysts’ expectations of $237.69 million. Commercial Vehicle Group had a return on equity of 5.21% and a net margin of 3.98%. During the same quarter in the prior year, the company posted $0.32 EPS.

A number of other equities analysts have also recently weighed in on CVGI. StockNews.com cut shares of Commercial Vehicle Group from a “buy” rating to a “hold” rating in a research report on Tuesday. Barrington Research reissued an “outperform” rating and set a $10.00 target price on shares of Commercial Vehicle Group in a research note on Monday, August 5th.

Commercial Vehicle Group Stock Down 6.6 %

Commercial Vehicle Group stock opened at $2.56 on Friday. Commercial Vehicle Group has a 12 month low of $2.11 and a 12 month high of $7.34. The stock has a market capitalization of $88.01 million, a PE ratio of 2.51, a price-to-earnings-growth ratio of 0.47 and a beta of 2.46. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.06 and a quick ratio of 1.27. The business has a 50 day simple moving average of $3.16 and a 200-day simple moving average of $4.35.

Institutional Trading of Commercial Vehicle Group

Several large investors have recently made changes to their positions in CVGI. SummerHaven Investment Management LLC lifted its holdings in Commercial Vehicle Group by 4.5% in the 2nd quarter. SummerHaven Investment Management LLC now owns 70,670 shares of the company’s stock valued at $346,000 after purchasing an additional 3,065 shares in the last quarter. Heron Bay Capital Management raised its position in shares of Commercial Vehicle Group by 20.5% in the first quarter. Heron Bay Capital Management now owns 19,887 shares of the company’s stock valued at $128,000 after buying an additional 3,390 shares during the last quarter. Perritt Capital Management Inc. lifted its stake in shares of Commercial Vehicle Group by 5.3% in the first quarter. Perritt Capital Management Inc. now owns 79,900 shares of the company’s stock worth $514,000 after buying an additional 4,000 shares in the last quarter. Rhumbline Advisers grew its stake in Commercial Vehicle Group by 9.1% during the 2nd quarter. Rhumbline Advisers now owns 49,629 shares of the company’s stock valued at $243,000 after acquiring an additional 4,130 shares in the last quarter. Finally, Empowered Funds LLC raised its holdings in Commercial Vehicle Group by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 99,361 shares of the company’s stock valued at $323,000 after acquiring an additional 4,958 shares during the last quarter. 72.32% of the stock is currently owned by hedge funds and other institutional investors.

Commercial Vehicle Group Company Profile

Commercial Vehicle Group, Inc, together with its subsidiaries, designs, manufactures, assembles, and sells systems, assemblies, and components to commercial and electric vehicle, and industrial automation markets in North America, Europe, and the Asia-Pacific regions. The company operates in four segments: Vehicle Solutions, Electrical Systems, Aftermarket & Accessories, and Industrial Automation.