|Bid||15.14 x 1100|
|Ask||15.22 x 800|
|Day's Range||15.09 - 15.32|
|52 Week Range||14.55 - 34.37|
|Beta (3Y Monthly)||2.04|
|PE Ratio (TTM)||6.59|
|Earnings Date||Oct 17, 2017 - Oct 23, 2017|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||24.00|
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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NEW YORK, NY / ACCESSWIRE / April 26, 2019 / Covenant Transportation Group, Inc. Class A (NASDAQ: CVTI ) will be discussing their earnings results in their 2019 First Quarter Earnings to be held on April ...
Covenant Transportation Group (NASDAQ: CVTI) posted adjusted earnings per share (EPS) of $0.27 for the first quarter of 2019, beating analyst estimates of $0.22 and edging past the expectations the company itself announced earlier this quarter. Last month, Covenant released a statement warning analysts that economic headwinds could depress its first quarter earnings. In that statement, the company said it expected to report adjusted EPS of $0.18 to $0.26.
Covenant Transportation (CVTI) delivered earnings and revenue surprises of 35.00% and -3.40%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
The Chattanooga, Tennessee-based company said it had net income of 24 cents per share. Earnings, adjusted for one-time gains and costs, were 27 cents per share. The results surpassed Wall Street expectations. ...
CHATTANOOGA, Tenn., April 25, 2019 -- Covenant Transportation Group, Inc. (NASDAQ/GS: CVTI) (“CTG”) announced today financial and operating results for the first quarter ended.
How far off is Covenant Transportation Group, Inc. (NASDAQ:CVTI) from its intrinsic value? Using the most recent financial data, we'll take a look at whether the stock is fairly priced by projecting its future cash flows and then d...
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.
CHATTANOOGA, Tenn., April 15, 2019 -- Covenant Transportation Group, Inc. (Nasdaq/GS: CVTI) announced it plans to release its first quarter earnings after 4:00 p.m. Eastern.
Covenant Transport Group (NASDAQ: CVTI) plans to become a $1.5 billion revenue company – up from $885 million in 2018 – largely on the back of explosive growth in its revamped brokerage division, Covenant Transport Solutions. The new brokerage office is across town from Covenant's headquarters, a separation in both geographic distance and style.
Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! If you own shares in Covenant Transportation Group, Inc. (NASDAQ:CVTI) then it's worth thinking about how it contributes to t...
Freight levels have dropped from last year, but panelists at the ACT Research conference this week said they have simply returned to more normal levels. For two days, attendees at the ACT Research Seminar 60 in Columbus, Indiana, heard mixed signals on the economy and specifically the freight environment. Is the freight environment as good as it was last year?
National freight volumes are down about 4 percent year-over-year while capacity is as loose as ever, further depressing truckload spot prices in nearly every market in the country. The extent to which volumes have been impacted by the hangover from freight pulled forward to avoid tariffs versus the slowing overall macroeconomic backdrop is difficult to determine, but publicly traded carriers have started revising down their 2019 guidance. Last week Covenant Transport (NASDAQ: CVTI) said the company would earn much less – as much as 50 percent less – in the first quarter than previously predicted.
Stocks that moved substantially or traded heavily on Tuesday: DSW Inc., down $3.27 to $22.09 The footwear retailer surprised investors with a fourth-quarter loss. Michaels Cos., up $1 to $12.79 The arts ...
Yesterday after trading hours, Chattanooga-based truckload carrier Covenant Transport (NASDAQ: CVTI) issued a first quarter update on the company's financial performance. Covenant executives, including Chairman and CEO David Parker, explained that Covenant would miss Wall Street's consensus expectations for earnings in the first quarter of 2019. Wall Street expected earnings of 36 cents per share, but Covenant said that earnings would come in between 18 and 26 cents per share.
Covenant Transportation Group, Inc. (NASDAQ: CVTI) warned analysts on Monday that economic headwinds could depress its earnings. After posting record earnings for the fourth quarter of 2018, the company is expecting its first quarter earnings to take a hit from lowered demand in the early months of 2019. The company expects to post adjusted net income in the range of $3.4 million to $4.9 million, or 18 cents to 26 cents per diluted share for the first quarter of 2019, compared to adjusted net income of $4.4 million, or 24 cents per diluted share for the first quarter of 2018.