Equities Analysts Offer Predictions for CVGI FY2024 Earnings

Commercial Vehicle Group, Inc. (NASDAQ:CVGI) – Investment analysts at Noble Financial reduced their FY2024 earnings per share (EPS) estimates for shares of Commercial Vehicle Group in a report released on Wednesday, November 6th. Noble Financial analyst J. Gomes now forecasts that the company will earn ($0.10) per share for the year, down from their previous forecast of $0.27. The consensus estimate for Commercial Vehicle Group’s current full-year earnings is $0.30 per share. Noble Financial also issued estimates for Commercial Vehicle Group’s Q4 2024 earnings at ($0.08) EPS and FY2025 earnings at $0.13 EPS.

A number of other analysts also recently weighed in on CVGI. Barrington Research restated an “outperform” rating and issued a $10.00 price target on shares of Commercial Vehicle Group in a research note on Monday, August 5th. StockNews.com cut shares of Commercial Vehicle Group from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th.

Commercial Vehicle Group Price Performance

Commercial Vehicle Group stock opened at $2.53 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.31 and a quick ratio of 1.27. The business has a 50 day simple moving average of $3.14 and a 200-day simple moving average of $4.31. Commercial Vehicle Group has a 12 month low of $2.11 and a 12 month high of $7.34. The stock has a market capitalization of $87.11 million, a PE ratio of 2.48, a price-to-earnings-growth ratio of 0.42 and a beta of 2.46.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Private Advisor Group LLC acquired a new position in Commercial Vehicle Group during the second quarter worth approximately $603,000. American Century Companies Inc. raised its position in shares of Commercial Vehicle Group by 13.2% in the 2nd quarter. American Century Companies Inc. now owns 731,356 shares of the company’s stock worth $3,584,000 after buying an additional 85,102 shares during the period. Huber Capital Management LLC boosted its holdings in Commercial Vehicle Group by 9.3% in the first quarter. Huber Capital Management LLC now owns 749,163 shares of the company’s stock valued at $4,817,000 after acquiring an additional 63,888 shares during the last quarter. Vanguard Group Inc. grew its position in Commercial Vehicle Group by 3.0% during the first quarter. Vanguard Group Inc. now owns 1,681,449 shares of the company’s stock valued at $10,812,000 after acquiring an additional 48,443 shares during the period. Finally, Perritt Capital Management Inc grew its position in Commercial Vehicle Group by 43.8% during the second quarter. Perritt Capital Management Inc now owns 114,900 shares of the company’s stock valued at $563,000 after acquiring an additional 35,000 shares during the period. 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.