Covenant Logistics Group (CVLG) Set to Announce Earnings on Wednesday

Covenant Logistics Group (NASDAQ:CVLG) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, October 23rd. Analysts expect Covenant Logistics Group to post earnings of $1.08 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Covenant Logistics Group (NASDAQ:CVLG) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.09. Covenant Logistics Group had a net margin of 3.76% and a return on equity of 13.78%. The company had revenue of $287.50 million for the quarter. During the same period in the prior year, the firm earned $1.07 EPS. On average, analysts expect Covenant Logistics Group to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Covenant Logistics Group Stock Down 2.4 %

CVLG stock opened at $52.73 on Monday. The firm has a market cap of $689.29 million, a PE ratio of 16.90 and a beta of 1.34. Covenant Logistics Group has a 12 month low of $38.25 and a 12 month high of $56.96. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.08 and a quick ratio of 1.05. The firm has a 50 day simple moving average of $52.29 and a 200 day simple moving average of $49.54.

Covenant Logistics Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 6th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.83%. Covenant Logistics Group’s dividend payout ratio (DPR) is presently 14.10%.

Analyst Upgrades and Downgrades

Separately, TD Cowen boosted their target price on Covenant Logistics Group from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, July 26th.

Insider Activity at Covenant Logistics Group

In other Covenant Logistics Group news, Director Herbert J. Schmidt sold 21,000 shares of the stock in a transaction on Monday, July 29th. The shares were sold at an average price of $55.24, for a total value of $1,160,040.00. Following the completion of the sale, the director now directly owns 12,134 shares of the company’s stock, valued at $670,282.16. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 36.50% of the stock is owned by company insiders.

Covenant Logistics Group Company Profile

Covenant Logistics Group, Inc, together with its subsidiaries, provides transportation and logistics services in the United States. It operates through four segments: Expedited, Dedicated, Managed Freight, and Warehousing. The Expedited segment primarily provides truckload services with high service freight and delivery standards, such as 1,000 miles in 22 hours or 15-minute delivery windows.