Covenant Logistics Group (CVLG) Expected to Announce Earnings on Wednesday

Covenant Logistics Group (NASDAQ:CVLG) will likely be releasing its earnings data after the market closes on Wednesday, April 23rd. Analysts expect Covenant Logistics Group to post earnings of $0.41 per share and revenue of $281.19 million for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Covenant Logistics Group Trading Down 2.5 %

Shares of NASDAQ:CVLG opened at $18.97 on Wednesday. The company has a market cap of $503.57 million, a PE ratio of 14.65 and a beta of 1.36. The company’s 50 day moving average is $23.35 and its two-hundred day moving average is $26.29. Covenant Logistics Group has a 52 week low of $17.98 and a 52 week high of $30.77. The company has a current ratio of 1.10, a quick ratio of 1.07 and a debt-to-equity ratio of 0.46.

Covenant Logistics Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 7th were paid a $0.07 dividend. The ex-dividend date was Friday, March 7th. This is a boost from Covenant Logistics Group’s previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a yield of 1.48%. Covenant Logistics Group’s dividend payout ratio (DPR) is currently 21.71%.

Analyst Ratings Changes

Separately, Stephens reissued an “overweight” rating and set a $36.00 target price on shares of Covenant Logistics Group in a research report on Friday, January 24th.

Insider Activity at Covenant Logistics Group

In related news, CAO Matisse Long sold 2,114 shares of the company’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $28.95, for a total value of $61,200.30. Following the completion of the sale, the chief accounting officer now directly owns 15,434 shares of the company’s stock, valued at $446,814.30. This represents a 12.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 36.50% of the company’s stock.

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.