Brokerages Anticipate Commercial Vehicle Group, Inc. (NASDAQ:CVGI) Will Post Quarterly Sales of $244.61 Million

Equities study analysts predict that Industrial Automobile Group, Inc. (NASDAQ:CVGIGet Ranking) will write-up sales of $244.61 million for the present-day fiscal quarter, Zacks Expense Analysis studies. Two analysts have issued estimates for Industrial Auto Group’s earnings. The least expensive revenue estimate is $244.37 million and the greatest is $244.85 million. Business Car Group posted revenue of $257.94 million during the exact same quarter very last 12 months, which would point out a destructive calendar year around calendar year advancement charge of 5.2%. The organization is predicted to report its next quarterly earnings report on Monday, January 1st.

On average, analysts hope that Industrial Motor vehicle Group will report comprehensive yr revenue of $996.53 million for the present fiscal 12 months, with estimates ranging from $991.82 million to $1.00 billion. For the subsequent 12 months, analysts forecast that the company will report income of $1.12 billion, with estimates ranging from $1.06 billion to $1.18 billion. Zacks’ income averages are an regular based mostly on a study of analysts that abide by Professional Car or truck Group.

Business Car Team (NASDAQ:CVGIGet Score) past unveiled its earnings final results on Wednesday, May well 4th. The business noted $.16 earnings for every share (EPS) for the quarter, hitting analysts’ consensus estimates of $.16. The agency experienced earnings of $244.37 million in the course of the quarter, as opposed to analysts’ anticipations of $228.97 million. Industrial Vehicle Group experienced a return on fairness of 22.91% and a internet margin of 1.98%.

A amount of equities analysts have issued studies on CVGI shares. Barrington Analysis reiterated a “buy” score and set a $14.00 concentrate on price tag on shares of Commercial Motor vehicle Team in a report on Friday, May possibly 6th. Zacks Financial commitment Investigation slash Professional Automobile Group from a “buy” rating to a “hold” score in a report on Wednesday, May possibly 18th. Lastly, upgraded Industrial Vehicle Group from a “hold” ranking to a “buy” score in a report on Tuesday.

A variety of institutional investors have not long ago bought and sold shares of CVGI. Metropolitan Life Insurance policy Co NY acquired a new place in Professional Motor vehicle Team in the course of the initial quarter value about $67,000. Royal Financial institution of Canada grew its holdings in Professional Vehicle Group by 19.6% all through the next quarter. Royal Financial institution of Canada now owns 10,415 shares of the company’s stock truly worth $110,000 following paying for an added 1,706 shares all through the period of time. Financial institution of The united states Corp DE grew its holdings in Professional Motor vehicle Group by 72.8% in the course of the second quarter. Lender of The usa Corp DE now owns 5,700 shares of the company’s stock well worth $60,000 right after paying for an additional 2,401 shares for the duration of the period of time. Wells Fargo & Firm MN grew its holdings in Professional Auto Group by 561.2% through the 2nd quarter. Wells Fargo & Business MN now owns 8,000 shares of the company’s stock worth $85,000 after purchasing an more 6,790 shares for the duration of the time period. Last but not least, Morgan Stanley grew its holdings in Business Car or truck Team by 9.3% all through the second quarter. Morgan Stanley now owns 410,531 shares of the company’s inventory value $4,364,000 after purchasing an more 34,884 shares all through the period of time. Institutional investors and hedge funds own 59.49% of the company’s inventory.

CVGI stock opened at $7.18 on Thursday. The inventory has a 50-day transferring ordinary price tag of $7.11 and a two-hundred working day moving normal price tag of $7.78. The inventory has a marketplace cap of $236.55 million, a PE ratio of 12.17, a selling price-to-earnings-development ratio of .35 and a beta of 3.27. The business has a present-day ratio of 2.32, a swift ratio of 1.46 and a debt-to-fairness ratio of 1.59. Industrial Vehicle Group has a 1 year minimal of $6.00 and a 1 calendar year high of $11.88.

About Industrial Vehicle Team (Get Ranking)

Commercial Automobile Team, Inc, collectively with its subsidiaries, patterns, manufactures, generates, and sells factors and assemblies in North The usa, Europe, and the Asia-Pacific regions. It operates in four segments: Car Options, Warehouse Automation, Electrical Techniques, and Aftermarket & Add-ons.

Highlighted Content articles

Get a cost-free duplicate of the Zacks analysis report on Professional Car Team (CVGI)

For more info about analysis offerings from Zacks Expense Investigate, visit

Receive News & Scores for Industrial Car Group Day-to-day – Enter your email deal with under to acquire a concise everyday summary of the latest information and analysts’ rankings for Commercial Vehicle Group and connected firms with’s Absolutely free day-to-day electronic mail e-newsletter.