Commercial Vehicle Group (NASDAQ:CVGI) Releases Earnings Results, Misses Expectations By $0.03 EPS

Commercial Vehicle Group (NASDAQ:CVGI) issued its quarterly earnings data on Tuesday. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.03), FiscalAI reports. The business had revenue of $154.76 million for the quarter, compared to analysts’ expectations of $147.05 million. Commercial Vehicle Group had a negative return on equity of 11.03% and a negative net margin of 8.35%.

Commercial Vehicle Group Price Performance

NASDAQ:CVGI traded down $0.05 during mid-day trading on Tuesday, reaching $1.62. The stock had a trading volume of 1,524,440 shares, compared to its average volume of 125,372. The stock has a market capitalization of $59.50 million, a P/E ratio of -1.00 and a beta of 1.89. The firm has a 50 day moving average price of $1.64 and a two-hundred day moving average price of $1.65. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.36 and a current ratio of 2.45. Commercial Vehicle Group has a one year low of $0.81 and a one year high of $2.10.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in CVGI. Arrowstreet Capital Limited Partnership boosted its position in Commercial Vehicle Group by 463.7% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 285,122 shares of the company’s stock valued at $485,000 after buying an additional 234,545 shares during the period. XTX Topco Ltd purchased a new position in shares of Commercial Vehicle Group in the second quarter valued at about $174,000. Bridgeway Capital Management LLC raised its stake in shares of Commercial Vehicle Group by 88.7% during the third quarter. Bridgeway Capital Management LLC now owns 117,803 shares of the company’s stock valued at $200,000 after acquiring an additional 55,382 shares during the last quarter. Jane Street Group LLC raised its stake in shares of Commercial Vehicle Group by 259.3% during the first quarter. Jane Street Group LLC now owns 74,086 shares of the company’s stock valued at $85,000 after acquiring an additional 53,468 shares during the last quarter. Finally, Qube Research & Technologies Ltd purchased a new stake in shares of Commercial Vehicle Group during the second quarter worth about $78,000. 72.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Commercial Vehicle Group in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

Commercial Vehicle Group Company Profile

Commercial Vehicle Group, Inc (NASDAQ: CVGI) is a global designer, engineer and manufacturer of seating systems and interior components for commercial vehicles. The company serves original equipment manufacturers (OEMs) in the on‐highway, off‐highway and specialty vehicle markets, supplying complete seating assemblies, suspension mechanisms and interior trim products. CVGI’s offerings are aimed at enhancing driver comfort, safety and overall vehicle usability across a diverse range of applications, from heavy‐duty trucks and transit buses to agricultural and construction equipment.

The company’s product portfolio is organized around three core segments: Seating, Controls and Interiors.