Covenant Logistics Group (NASDAQ:CVLG – Get Free Report) posted its earnings results on Wednesday. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.95 by $0.09, Zacks reports. Covenant Logistics Group had a return on equity of 14.16% and a net margin of 3.82%. The firm had revenue of $287.50 million for the quarter. During the same quarter in the prior year, the business earned $1.07 earnings per share.
Covenant Logistics Group Price Performance
Shares of CVLG stock traded up $4.19 during mid-day trading on Thursday, hitting $54.95. 208,624 shares of the stock traded hands, compared to its average volume of 66,684. Covenant Logistics Group has a twelve month low of $38.25 and a twelve month high of $57.57. The firm has a market cap of $718.20 million, a price-to-earnings ratio of 17.61 and a beta of 1.38. The company’s 50-day simple moving average is $48.53 and its 200-day simple moving average is $47.70. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.01 and a current ratio of 1.04.
Covenant Logistics Group Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 7th were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend was Friday, June 7th. Covenant Logistics Group’s dividend payout ratio (DPR) is presently 14.10%.
Insider Activity
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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