Sidoti Csr Issues Pessimistic Outlook for CVGI Earnings

Commercial Vehicle Group, Inc. (NASDAQ:CVGI) – Research analysts at Sidoti Csr dropped their Q4 2024 earnings estimates for shares of Commercial Vehicle Group in a report issued on Wednesday, November 6th. Sidoti Csr analyst J. Franzreb now anticipates that the company will post earnings per share of ($0.07) for the quarter, down from their prior 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.

A number of other research firms have also recently weighed in on CVGI. Barrington Research reaffirmed an “outperform” rating and set a $10.00 price objective on shares of Commercial Vehicle Group in a research report on Monday, August 5th. StockNews.com cut shares of Commercial Vehicle Group from a “buy” rating to a “hold” rating in a research report on Tuesday.

Commercial Vehicle Group Stock Down 1.4 %

Shares of NASDAQ CVGI opened at $2.53 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.06 and a quick ratio of 1.27. The company has a market capitalization of $86.81 million, a P/E ratio of 2.48, a P/E/G ratio of 0.47 and a beta of 2.46. The company has a 50 day simple moving average of $3.14 and a 200-day simple moving average of $4.32. Commercial Vehicle Group has a 1 year low of $2.11 and a 1 year high of $7.34.

Institutional Investors Weigh In On Commercial Vehicle Group

A number of hedge funds and other institutional investors have recently modified their holdings of the company. SummerHaven Investment Management LLC increased its stake 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 purchasing an additional 3,065 shares during the period. Heron Bay Capital Management boosted its holdings in shares of Commercial Vehicle Group by 20.5% in the first 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 in the last quarter. Perritt Capital Management Inc. boosted its holdings in shares of Commercial Vehicle Group by 5.3% in the first 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 in the last quarter. Rhumbline Advisers boosted its holdings 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 valued at $243,000 after acquiring an additional 4,130 shares in the last quarter. Finally, Empowered Funds LLC boosted its holdings in 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 buying an additional 4,958 shares in the last quarter. 72.32% of the stock is currently owned by institutional investors and hedge funds.

Commercial Vehicle Group Company Profile

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.