Equities Analysts Set Expectations for CVGI Q4 Earnings

Commercial Vehicle Group, Inc. (NASDAQ:CVGI) – Analysts at Sidoti Csr reduced their Q4 2024 earnings per share (EPS) estimates for Commercial Vehicle Group in a research report issued to clients and investors on Wednesday, November 6th. Sidoti Csr analyst J. Franzreb now forecasts that the company will post earnings of ($0.07) per share for the quarter, down from their previous forecast of $0.08. The consensus estimate for Commercial Vehicle Group’s current full-year earnings is $0.30 per share. Sidoti Csr also issued estimates for Commercial Vehicle Group’s Q1 2025 earnings at ($0.01) EPS, Q2 2025 earnings at $0.05 EPS, Q3 2025 earnings at $0.02 EPS, Q4 2025 earnings at $0.03 EPS and FY2025 earnings at $0.10 EPS.

CVGI has been the subject of several other research reports. Barrington Research reiterated an “outperform” rating and set a $10.00 price objective on shares of Commercial Vehicle Group in a report on Monday, August 5th. StockNews.com downgraded Commercial Vehicle Group from a “buy” rating to a “hold” rating in a report on Tuesday.

Commercial Vehicle Group Price Performance

Shares of CVGI opened at $2.56 on Friday. The company has a 50 day moving average of $3.16 and a two-hundred day moving average of $4.35. The company has a quick ratio of 1.27, a current ratio of 2.06 and a debt-to-equity ratio of 0.73. Commercial Vehicle Group has a twelve month low of $2.11 and a twelve month high of $7.34. The company has a market cap of $88.01 million, a price-to-earnings ratio of 2.51, a price-to-earnings-growth ratio of 0.47 and a beta of 2.46.

Commercial Vehicle Group (NASDAQ:CVGI) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.11). Commercial Vehicle Group had a return on equity of 5.21% and a net margin of 3.98%. The firm had revenue of $229.91 million during the quarter, compared to analysts’ expectations of $237.69 million. During the same period in the previous year, the firm earned $0.32 EPS.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CVGI. SummerHaven Investment Management LLC boosted its position in Commercial Vehicle Group by 4.5% in the second quarter. SummerHaven Investment Management LLC now owns 70,670 shares of the company’s stock valued at $346,000 after buying an additional 3,065 shares during the last quarter. Heron Bay Capital Management lifted its stake in Commercial Vehicle Group by 20.5% during the 1st quarter. Heron Bay Capital Management now owns 19,887 shares of the company’s stock valued at $128,000 after acquiring an additional 3,390 shares during the period. Perritt Capital Management Inc. boosted its holdings in shares of Commercial Vehicle Group by 5.3% in the 1st quarter. Perritt Capital Management Inc. now owns 79,900 shares of the company’s stock valued at $514,000 after acquiring an additional 4,000 shares during the last quarter. Rhumbline Advisers increased its stake in shares of Commercial Vehicle Group by 9.1% in the second quarter. Rhumbline Advisers now owns 49,629 shares of the company’s stock worth $243,000 after acquiring an additional 4,130 shares during the period. Finally, Empowered Funds LLC raised its holdings in shares of Commercial Vehicle Group by 5.3% during the third quarter. Empowered Funds LLC now owns 99,361 shares of the company’s stock worth $323,000 after purchasing an additional 4,958 shares during the last quarter. Hedge funds and other institutional investors own 72.32% of the company’s stock.

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.