Covenant Logistics Group (NASDAQ:CVLG) posted its earnings results on Tuesday. The company reported $0.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.28, MarketWatch Earnings reports. Covenant Logistics Group had a positive return on equity of 9.96% and a negative net margin of 3.46%.
Shares of NASDAQ CVLG opened at $20.09 on Thursday. The business’s 50-day moving average is $21.32. The company has a current ratio of 1.16, a quick ratio of 1.14 and a debt-to-equity ratio of 0.27. Covenant Logistics Group has a 1-year low of $13.23 and a 1-year high of $23.97. The stock has a market cap of $336.51 million, a P/E ratio of -11.22 and a beta of 1.80.
Several equities analysts recently issued reports on CVLG shares. Zacks Investment Research lowered Covenant Logistics Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 1st. Cowen increased their target price on Covenant Logistics Group from $32.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 28th. Finally, Stifel Nicolaus started coverage on Covenant Logistics Group in a research note on Monday, June 21st. They set a “hold” rating on the stock. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Covenant Logistics Group has a consensus rating of “Hold” and an average target price of $29.67.
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 to customers with high service freight and delivery standards, such as 1,000 miles in 22 hours or 15-minute delivery windows.
Recommended Story: Mutual funds are not immune from market timing
Receive News & Ratings for Covenant Logistics Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Covenant Logistics Group and related companies with MarketBeat.com's FREE daily email newsletter.