Commercial Vehicle Group (NASDAQ:CVGI) issued its quarterly earnings results on Monday. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.01), Briefing.com reports. The company had revenue of $188.30 million during the quarter, compared to the consensus estimate of $191.10 million. Commercial Vehicle Group had a net margin of 0.82% and a return on equity of 14.58%. The company’s quarterly revenue was up 25.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.02 earnings per share.
Shares of Commercial Vehicle Group (CVGI) opened at $11.12 on Tuesday. The company has a debt-to-equity ratio of 2.10, a current ratio of 2.09 and a quick ratio of 1.44. The stock has a market capitalization of $337.55, a P/E ratio of 58.53 and a beta of 1.31. Commercial Vehicle Group has a 12 month low of $5.35 and a 12 month high of $13.90.
A hedge fund recently raised its stake in Commercial Vehicle Group stock. State Street Corp lifted its stake in Commercial Vehicle Group, Inc. (NASDAQ:CVGI) by 1,663.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 278,477 shares of the company’s stock after buying an additional 262,686 shares during the period. State Street Corp owned approximately 0.93% of Commercial Vehicle Group worth $2,353,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 77.44% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This article was first published by Ticker Report and is owned by of Ticker Report. If you are reading this article on another website, it was stolen and reposted in violation of United States & international copyright legislation. The correct version of this article can be read at https://www.tickerreport.com/banking-finance/3259504/commercial-vehicle-group-cvgi-posts-quarterly-earnings-results-misses-expectations-by-0-01-eps.html.
About Commercial Vehicle Group
Commercial Vehicle Group, Inc is a supplier of a range of cab-related products and systems. The Company operates through two segments: the Global Truck and Bus Segment (GTB Segment) and the Global Construction and Agriculture Segment (GCA Segment). The GTB Segment manufactures and sells products, which include Seats, Trim, sleeper boxes, cab structures, structural components and body panels, and mirrors and wiper systems.
Receive News & Ratings for Commercial Vehicle Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Commercial Vehicle Group and related companies with MarketBeat.com's FREE daily email newsletter.