Wall Street analysts expect Covia Holdings (NASDAQ:CVIA) to announce earnings of ($0.27) per share for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Covia’s earnings. The highest EPS estimate is ($0.19) and the lowest is ($0.33). The business is expected to announce its next earnings report on Wednesday, February 13th.

According to Zacks, analysts expect that Covia will report full year earnings of $0.68 per share for the current fiscal year, with EPS estimates ranging from $0.14 to $1.05. For the next fiscal year, analysts expect that the firm will post earnings of ($0.57) per share, with EPS estimates ranging from ($1.55) to $0.10. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for Covia.

Covia (NASDAQ:CVIA) last announced its quarterly earnings results on Wednesday, November 14th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.21). The company had revenue of $523.40 million during the quarter, compared to the consensus estimate of $615.07 million. Covia’s revenue for the quarter was up 50.5% compared to the same quarter last year.

A number of equities analysts recently commented on CVIA shares. Royal Bank of Canada reissued a “buy” rating and set a $18.00 price target on shares of Covia in a research note on Wednesday, August 15th. Credit Suisse Group lowered their price objective on Covia from $24.00 to $19.00 and set a “neutral” rating for the company in a research note on Wednesday, August 15th. Cowen reaffirmed a “buy” rating and issued a $19.00 price objective on shares of Covia in a research note on Thursday, August 16th. KeyCorp reaffirmed a “buy” rating and issued a $21.00 price objective on shares of Covia in a research note on Thursday, August 16th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $15.00 price objective on shares of Covia in a research note on Friday, August 17th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $13.50.

In related news, Director William E. Conway acquired 20,000 shares of the stock in a transaction dated Monday, November 19th. The stock was acquired at an average cost of $6.98 per share, with a total value of $139,600.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Several large investors have recently bought and sold shares of the company. American Securities LLC bought a new stake in shares of Covia in the 2nd quarter valued at approximately $167,701,000. Bank of New York Mellon Corp increased its holdings in shares of Covia by 84.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,385,908 shares of the company’s stock valued at $30,372,000 after acquiring an additional 1,548,743 shares during the period. Vanguard Group Inc. increased its holdings in shares of Covia by 18.5% in the 3rd quarter. Vanguard Group Inc. now owns 3,297,893 shares of the company’s stock valued at $29,582,000 after acquiring an additional 515,499 shares during the period. Hartland & Co. LLC purchased a new position in shares of Covia in the 2nd quarter valued at $54,407,000. Finally, BlackRock Inc. increased its holdings in shares of Covia by 0.6% in the 3rd quarter. BlackRock Inc. now owns 2,128,665 shares of the company’s stock valued at $19,095,000 after acquiring an additional 12,785 shares during the period.

Shares of Covia stock opened at $5.49 on Tuesday. Covia has a 12 month low of $4.59 and a 12 month high of $30.00.

Covia Company Profile

There is no company description available for Covia Holdings Corp.

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Earnings History and Estimates for Covia (NASDAQ:CVIA)

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