Sidoti Csr Issues Pessimistic Estimate for CVGI Earnings

Commercial Vehicle Group, Inc. (NASDAQ:CVGI) – Analysts at Sidoti Csr reduced their Q4 2024 EPS estimates for shares of Commercial Vehicle Group in a research note issued to investors on Wednesday, November 6th. Sidoti Csr analyst J. Franzreb now anticipates that the company will earn ($0.07) per share 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.

CVGI has been the topic of several other reports. StockNews.com downgraded Commercial Vehicle Group from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Barrington Research reissued an “outperform” rating and set a $10.00 price target on shares of Commercial Vehicle Group in a research report on Monday, August 5th.

Commercial Vehicle Group Trading Down 1.4 %

NASDAQ:CVGI opened at $2.53 on Friday. The stock has a market cap of $87.11 million, a price-to-earnings ratio of 2.48, a price-to-earnings-growth ratio of 0.42 and a beta of 2.46. Commercial Vehicle Group has a one year low of $2.11 and a one year high of $7.34. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.27 and a current ratio of 2.31. The business’s 50-day simple moving average is $3.14 and its 200 day simple moving average is $4.31.

Hedge Funds Weigh In On Commercial Vehicle Group

A number of hedge funds have recently bought and sold shares of CVGI. Allspring Global Investments Holdings LLC bought a new position in Commercial Vehicle Group during the 2nd quarter worth approximately $47,000. SG Americas Securities LLC bought a new position in Commercial Vehicle Group during the third quarter worth $47,000. Victory Capital Management Inc. bought a new position in Commercial Vehicle Group during the second quarter worth $76,000. Heron Bay Capital Management boosted its holdings in Commercial Vehicle Group by 20.5% in the first quarter. Heron Bay Capital Management now owns 19,887 shares of the company’s stock worth $128,000 after purchasing an additional 3,390 shares during the period. Finally, Aristides Capital LLC bought a new stake in Commercial Vehicle Group during the first quarter valued at $129,000. 72.32% of the stock is currently owned by institutional investors and hedge funds.

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.