Covenant Logistics Group, Inc. (NASDAQ:CVLG – Get Free Report) announced a quarterly dividend on Tuesday, August 20th, Wall Street Journal reports. Shareholders of record on Friday, September 6th will be paid a dividend of 0.11 per share on Friday, September 27th. This represents a $0.44 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Friday, September 6th.
Covenant Logistics Group Price Performance
Shares of CVLG traded down $0.43 during trading hours on Tuesday, reaching $51.95. The company had a trading volume of 26,502 shares, compared to its average volume of 65,033. The company has a market capitalization of $679.09 million, a price-to-earnings ratio of 16.79 and a beta of 1.38. Covenant Logistics Group has a 12-month low of $38.25 and a 12-month high of $56.96. The firm has a 50 day simple moving average of $50.43 and a 200-day simple moving average of $48.29. The company has a current ratio of 1.04, a quick ratio of 1.01 and a debt-to-equity ratio of 0.47.
Covenant Logistics Group (NASDAQ:CVLG – Get Free Report) last issued its earnings results on Wednesday, July 24th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.09. The company had revenue of $287.50 million during the quarter. Covenant Logistics Group had a net margin of 3.76% and a return on equity of 13.93%. During the same period last year, the business posted $1.07 earnings per share. Research analysts expect that Covenant Logistics Group will post 4.12 earnings per share for the current year.
Insiders Place Their Bets
Analysts Set New Price Targets
Separately, TD Cowen boosted their target price on Covenant Logistics Group from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, July 26th.
Check Out Our Latest Research Report on Covenant Logistics Group
Covenant Logistics Group Company Profile
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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