Sidoti Csr Comments on Commercial Vehicle Group, Inc.’s Q2 2024 Earnings (NASDAQ:CVGI)

Commercial Vehicle Group, Inc. (NASDAQ:CVGI) – Analysts at Sidoti Csr cut their Q2 2024 earnings per share estimates for shares of Commercial Vehicle Group in a note issued to investors on Wednesday, May 8th. Sidoti Csr analyst J. Franzreb now forecasts that the company will post earnings of $0.16 per share for the quarter, down from their previous estimate 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.

CVGI has been the subject of several other research reports. StockNews.com lowered shares of 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 reissued an “outperform” rating and set a $10.00 price target on shares of Commercial Vehicle Group in a research report on Monday.

Commercial Vehicle Group Stock Performance

NASDAQ CVGI opened at $5.60 on Thursday. The company has a 50-day moving average of $6.24 and a 200-day moving average of $6.46. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.26 and a quick ratio of 1.38. Commercial Vehicle Group has a 12 month low of $4.89 and a 12 month high of $11.96. The company has a market cap of $189.76 million, a P/E ratio of 4.27, a P/E/G ratio of 0.33 and a beta of 2.69.

Commercial Vehicle Group (NASDAQ:CVGI) last released its earnings results on Tuesday, March 5th. The company reported $0.09 EPS 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 business had revenue of $223.09 million during the quarter, compared to analyst estimates of $225.22 million. During the same quarter in the previous year, the company posted $0.04 earnings per share.

Institutional Investors Weigh In On Commercial Vehicle Group

Several institutional investors have recently bought and sold shares of the business. Acadian Asset Management LLC boosted its position in 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 period. Franklin Resources Inc. grew its stake in shares of Commercial Vehicle Group by 6.2% in the fourth quarter. Franklin Resources Inc. now owns 426,554 shares of the company’s stock valued at $2,990,000 after buying an additional 24,854 shares in the last quarter. Wellington Management Group LLP purchased a new stake in shares of Commercial Vehicle Group during the 4th quarter valued at about $2,753,000. Assenagon Asset Management S.A. lifted its position in 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 acquiring an additional 243,226 shares in the last quarter. Finally, Los Angeles Capital Management LLC boosted its holdings in 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 worth $1,850,000 after acquiring an additional 204,728 shares during the period. 72.32% of the stock is currently owned by hedge funds and other institutional investors.

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.