Covenant Logistics Group (CVLG) Expected to Announce Quarterly Earnings on Thursday

Covenant Logistics Group (NASDAQ:CVLGGet Free Report) is anticipated to announce its earnings results after the market closes on Thursday, January 23rd. Analysts expect the company to announce earnings of $1.00 per share and revenue of $284,906.67 billion for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Covenant Logistics Group (NASDAQ:CVLGGet Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. Covenant Logistics Group had a net margin of 3.72% and a return on equity of 13.43%. The company had revenue of $287.89 million during the quarter. During the same period in the previous year, the company earned $0.57 earnings per share. On average, analysts expect Covenant Logistics Group to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Covenant Logistics Group Stock Down 1.7 %

Shares of NASDAQ:CVLG opened at $27.60 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.07 and a current ratio of 1.10. Covenant Logistics Group has a 52-week low of $21.51 and a 52-week high of $30.77. The firm has a market capitalization of $727.51 million, a P/E ratio of 18.16 and a beta of 1.41. The stock has a 50 day moving average price of $28.76 and a 200-day moving average price of $27.00.

Covenant Logistics Group Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 6th were given a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date was Friday, December 6th. Covenant Logistics Group’s dividend payout ratio is presently 14.47%.

Insider Buying and Selling at Covenant Logistics Group

In other news, Director Bradley A. Moline sold 14,000 shares of Covenant Logistics Group stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $29.82, for a total transaction of $417,480.00. Following the transaction, the director now directly owns 93,984 shares of the company’s stock, valued at $2,802,602.88. The trade was a 12.96 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 36.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, TD Cowen cut their target price on Covenant Logistics Group from $35.00 to $34.50 and set a “buy” rating on the stock in a research note on Friday, October 25th.

Read Our Latest Research Report on Covenant Logistics Group

Covenant Logistics Group Company Profile

(Get Free Report)

Covenant Logistics Group, Inc, together with its subsidiaries, provides transportation and logistics services in the United States. It operates through four segments: Expedited, Dedicated, Managed Freight, and Warehousing. The Expedited segment primarily provides truckload services with high service freight and delivery standards, such as 1,000 miles in 22 hours or 15-minute delivery windows.

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Earnings History for Covenant Logistics Group (NASDAQ:CVLG)

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