Sidoti Csr Issues Pessimistic Forecast for CVGI Earnings

Commercial Vehicle Group, Inc. (NASDAQ:CVGI) – Equities researchers at Sidoti Csr reduced their Q4 2024 earnings estimates for Commercial Vehicle Group in a research report issued on Wednesday, November 6th. Sidoti Csr analyst J. Franzreb now expects that the company will earn ($0.07) per share for the quarter, down from their previous estimate 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.

Other research analysts have also issued reports about the company. StockNews.com lowered Commercial Vehicle Group from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Barrington Research restated an “outperform” rating and set a $10.00 price target on shares of Commercial Vehicle Group in a research note on Monday, August 5th.

Commercial Vehicle Group Stock Down 1.4 %

Shares of CVGI opened at $2.53 on Friday. Commercial Vehicle Group has a fifty-two week low of $2.11 and a fifty-two week high of $7.34. The company’s fifty day moving average is $3.14 and its two-hundred day moving average is $4.31. The firm has a market cap 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. The company has a quick ratio of 1.27, a current ratio of 2.31 and a debt-to-equity ratio of 0.70.

Institutional Investors Weigh In On Commercial Vehicle Group

Several large investors have recently made changes to their positions in the business. Empowered Funds LLC boosted its position in Commercial Vehicle Group by 56.1% during the 1st quarter. Empowered Funds LLC now owns 87,743 shares of the company’s stock worth $564,000 after purchasing an additional 31,545 shares during the period. Clifford Capital Partners LLC boosted its position in shares of Commercial Vehicle Group by 12.9% in the first quarter. Clifford Capital Partners LLC now owns 85,447 shares of the company’s stock worth $549,000 after buying an additional 9,763 shares during the period. Vanguard Group Inc. boosted its position in shares of Commercial Vehicle Group by 3.0% in the first quarter. Vanguard Group Inc. now owns 1,681,449 shares of the company’s stock worth $10,812,000 after buying an additional 48,443 shares during the period. EntryPoint Capital LLC acquired a new stake in shares of Commercial Vehicle Group in the first quarter valued at about $145,000. Finally, Heron Bay Capital Management raised its holdings in shares of Commercial Vehicle Group by 20.5% during the 1st quarter. Heron Bay Capital Management now owns 19,887 shares of the company’s stock valued at $128,000 after buying an additional 3,390 shares during the period. Institutional investors and hedge funds own 72.32% of the company’s stock.

About Commercial Vehicle Group

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.