Sidoti Csr Analysts Lower Earnings Estimates for Commercial Vehicle Group, Inc. (NASDAQ:CVGI)

Commercial Vehicle Group, Inc. (NASDAQ:CVGI) – Investment analysts at Sidoti Csr lowered their Q2 2024 earnings per share estimates for Commercial Vehicle Group in a note issued to investors on Wednesday, May 8th. Sidoti Csr analyst J. Franzreb now anticipates that the company will post earnings per share of $0.16 for the quarter, down from their prior forecast of $0.23. The consensus estimate for Commercial Vehicle Group’s current full-year earnings is $0.83 per share. Sidoti Csr also issued estimates for Commercial Vehicle Group’s Q4 2024 earnings at $0.21 EPS, FY2024 earnings at $0.70 EPS, Q1 2025 earnings at $0.26 EPS, Q2 2025 earnings at $0.30 EPS, Q3 2025 earnings at $0.30 EPS, Q4 2025 earnings at $0.24 EPS and FY2025 earnings at $1.11 EPS.

Commercial Vehicle Group (NASDAQ:CVGI) last released its quarterly earnings results on Tuesday, March 5th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.06). Commercial Vehicle Group had a net margin of 4.97% and a return on equity of 20.22%. The company had revenue of $223.09 million during the quarter, compared to analyst estimates of $225.22 million. During the same quarter last year, the company earned $0.04 EPS.

Several other research analysts have also recently weighed in on CVGI. StockNews.com cut Commercial Vehicle Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 14th. TheStreet raised Commercial Vehicle Group from a “d+” rating to a “c” rating in a research report on Monday, March 4th. Finally, Barrington Research reiterated an “outperform” rating and issued a $10.00 price objective on shares of Commercial Vehicle Group in a report on Monday.

Commercial Vehicle Group Price Performance

CVGI stock opened at $5.60 on Thursday. The stock has a 50-day moving average price of $6.24 and a two-hundred day moving average price of $6.46. Commercial Vehicle Group has a 1 year low of $4.89 and a 1 year high of $11.96. The stock has a market cap of $189.76 million, a PE ratio of 4.27, a price-to-earnings-growth ratio of 0.33 and a beta of 2.69. The company has a current ratio of 2.26, a quick ratio of 1.38 and a debt-to-equity ratio of 0.73.

Hedge Funds Weigh In On Commercial Vehicle Group

A number of large investors have recently modified their holdings of CVGI. Wellington Management Group LLP acquired a new stake in shares of Commercial Vehicle Group in the fourth quarter valued at about $2,753,000. Acadian Asset Management LLC increased its position in shares of Commercial Vehicle Group by 60.8% during the 3rd quarter. Acadian Asset Management LLC now owns 759,387 shares of the company’s stock worth $5,891,000 after purchasing an additional 287,267 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Commercial Vehicle Group by 326.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 317,634 shares of the company’s stock worth $2,465,000 after purchasing an additional 243,226 shares in the last quarter. Los Angeles Capital Management LLC boosted its holdings in shares of Commercial Vehicle Group by 608.2% in the 3rd quarter. Los Angeles Capital Management LLC now owns 238,387 shares of the company’s stock valued at $1,850,000 after buying an additional 204,728 shares during the last quarter. Finally, Federated Hermes Inc. acquired a new stake in shares of Commercial Vehicle Group in the 4th quarter valued at approximately $369,000. 72.32% of the stock is currently owned by institutional investors and hedge funds.

About Commercial Vehicle Group

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.