|Bid||16.90 x 800|
|Ask||16.96 x 1100|
|Day's Range||16.86 - 17.35|
|52 Week Range||13.27 - 30.60|
|Beta (3Y Monthly)||1.73|
|PE Ratio (TTM)||8.12|
|Earnings Date||Jul 24, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||21.50|
While it may not be enough for some shareholders, we think it is good to see the Covenant Transportation Group, Inc...
David Parker became the CEO of Covenant Transportation Group, Inc. (NASDAQ:CVTI) in 1994. This analysis aims first to...
Freight brokers told us that disaster relief freight – mostly truckloads of bottled water at this point – is already being tendered as of Wednesday evening, August 28. Meteorologists now say that Hurricane Dorian, which has just slipped past Puerto Rico as a Category 1 storm, could make landfall in Florida as a Category 3 storm, packing winds exceeding 111 mph. Florida's Governor DeSantis has already declared a state of emergency in order to give local governments and emergency agencies the authority and resources they need to prepare for a disaster. A broker at Covenant Solutions, a division of publicly traded expedited carrier Covenant Transportation (NASDAQ: CVTI), confirmed that his shop is also seeing a surge of water loads into Florida.
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Covenant Transportation Group (NASDAQ: CVTI) reported adjusted earnings per share (EPS) of $0.35, in-line with its previously lowered guidance and the new consensus estimate of $0.34. CVTI reported total revenue of $219.3 million, up 11.7 percent year-over-year, with freight revenue increasing 14.2 percent to $194.9 million. Adjusted operating income of $9.6 million declined 31.9 percent year-over-year, producing an adjusted operating ratio (OR) of 95.1 percent, 330 basis points worse.
Covenant Transportation (CVTI) delivered earnings and revenue surprises of 2.94% and -0.34%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
CHATTANOOGA, Tenn., July 24, 2019 -- Covenant Transportation Group, Inc. (NASDAQ/GS: CVTI) (“CTG”) announced today financial and operating results for the second quarter ended.
CHATTANOOGA, Tenn., July 22, 2019 -- Covenant Transportation Group, Inc. (Nasdaq/GS: CVTI) announced it plans to release its second quarter earnings after 4:00 p.m. Eastern.
Covenant Transportation Group, Inc. (NASDAQ:CVTI) is a small-cap stock with a market capitalization of US$271m. While...
Add Covenant Transportation Group (NASDAQ: CVTI) to the group of truckload (TL) carriers that won't be able to meet analyst expectations for the second quarter of 2019. Earlier today (July 17, 2019), Knight-Swift Transportation Holdings, Inc. (NYSE: KNX) modestly lowered its earnings outlook for both the second and third quarters of 2019 and provided a fourth quarter 2019 guidance range that was in-line with analyst estimates. Last week it was a different Chattanooga-based TL carrier U.S. Xpress (NYSE: USX) that said it failed to meet its previous operating ratio (operating expenses as a percentage of revenue) target laid out in its initial public offering roadshow and later reiterated on its first quarter 2019 earnings call.
Covenant Transportation Group, Inc. (NASDAQ/GS: CVTI) (“CTG”) announced today its expectations regarding financial results for the second quarter of 2019. Chairman, President and Chief Executive Officer, David R. Parker, offered the following comments: “After reviewing preliminary operating and financial information through the end of June, we expect to report earnings per diluted share (“EPS”) in the range of $0.32 to $0.33 and adjusted earnings per diluted share (“Adjusted EPS”)(1) in the range of $0.34 to $0.35.
Covenant Transportation (CVTI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Covenant Transportation Group, Inc. (NASDAQ:CVTI), which is in the transportation business, and is based in United...
Is Covenant Transportation Group, Inc. (NASDAQ:CVTI) a good investment right now? We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, expert networks, and get tips from investment bankers and industry insiders. Sure they sometimes fail miserably, but their consensus stock […]
Truckload (TL) carrier stocks have held up through the last six trading sessions, walking through a couple of potential body blows. The first came in the form of a tweet from President Trump announcing his intention to impose new and escalating rounds of tariffs on goods imported from Mexico. Then several companies at two different investor conferences (Deutsche Bank and UBS) confirmed what the data has shown for a few weeks now – the normal seasonal lift in freight volumes hasn't occurred thus far and TL spot market rates are off more than 20 percent.
It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that...
Following the inaugural Founders Camp in 2018, Chattanooga-based Dynamo VC has announced its 2019 program supported by headline sponsors Chick-fil-A, Covenant Transportation (NASDAQ: CVTI), Schneider National Inc (NYSE: SNDR) and FreightWaves. The event will bring together stakeholders from the supply chain and mobility ecosystem to support startup founders scale their businesses and drive growth and traction.
ArcBest (NASDAQ: ARCB) , Covenant Transportation (NASDAQ: CVTI) and Hub Group (NASDAQ: HUBG) all had their stock ratings upgraded to "outperform" by Cowen & Co. And while the valuations of the companies relative to broader markets were a key factor in the upgrades, the transportation team at Stifel led by Jason Sidel made clear that the pessimism surrounding the current freight market has been overdone.
After the Dow Jones Industrial Average fell 450 points at market open on Monday thanks to tariff hikes, Mr. Market's fear is providing an opening for intelligent buyers. Covenant Transportation Group Inc. (CVTI) should be one of those investments. The small-cap trucking company continues to generate steady financial growth.
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