$0.16 EPS Expected for Covenant Transportation Group, Inc. (CVTI)

September 17, 2017 - By Marry Poplack

 $0.16 EPS Expected for Covenant Transportation Group, Inc. (CVTI)
Investors sentiment increased to 1.41 in Q4 2016. Its up 0.22, from 1.19 in 2016Q3. It is positive, as 13 investors sold Covenant Transportation Group, Inc. shares while 21 reduced holdings. 18 funds opened positions while 30 raised stakes. 10.12 million shares or 8.25% less from 11.03 million shares in 2016Q3 were reported.
268,410 were reported by James Invest Research Inc. Rhumbline Advisers stated it has 0% of its portfolio in Covenant Transportation Group, Inc. (NASDAQ:CVTI). Creative Planning holds 0% or 134 shares. Kj Harrison And Partners Inc reported 15,752 shares. Tiaa Cref Invest Limited Com reported 33,479 shares. Deutsche National Bank & Trust Ag stated it has 15,239 shares. Wedge Capital L Lp Nc has 25,900 shares. Foundry Prtn Ltd Liability Corporation has invested 0.21% in Covenant Transportation Group, Inc. (NASDAQ:CVTI). Lsv Asset Management reported 0% of its portfolio in Covenant Transportation Group, Inc. (NASDAQ:CVTI). Allianz Asset Mgmt Ag accumulated 0% or 38,312 shares. Commonwealth Equity Services, a Massachusetts-based fund reported 27,717 shares. Legal General Gp Public Lc reported 1,815 shares. Jpmorgan Chase & reported 18,870 shares or 0% of all its holdings. Bnp Paribas Arbitrage holds 0% or 707 shares. Blackrock Invest Limited Liability Com accumulated 50,013 shares.

Analysts await Covenant Transportation Group, Inc. (NASDAQ:CVTI) to report earnings on October, 18. They expect $0.16 earnings per share, 0.00 % or $0.00 from last year’s $0.16 per share. CVTI’s profit will be $2.93 million for 38.69 P/E if the $0.16 EPS becomes a reality. After $0.08 actual earnings per share reported by Covenant Transportation Group, Inc. for the previous quarter, Wall Street now forecasts 100.00 % EPS growth. The stock decreased 0.36% or $0.09 on September 15, reaching $24.76. About 125,212 shares traded or 2.65% up from the average. Covenant Transportation Group, Inc. (NASDAQ:CVTI) has declined 12.60% since September 17, 2016 and is downtrending. It has underperformed by 29.30% the S&P500.

Covenant Transportation Group, Inc. (NASDAQ:CVTI) Ratings Coverage

Among 4 analysts covering Covenant Transportation Group (NASDAQ:CVTI), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Covenant Transportation Group had 11 analyst reports since October 19, 2015 according to SRatingsIntel. The stock of Covenant Transportation Group, Inc. (NASDAQ:CVTI) has “Outperform” rating given on Wednesday, January 27 by Cowen & Co. Cowen & Co maintained it with “Outperform” rating and $22 target in Friday, October 21 report. Cowen & Co maintained Covenant Transportation Group, Inc. (NASDAQ:CVTI) on Wednesday, December 16 with “Outperform” rating. The firm has “Market Perform” rating by Avondale given on Monday, March 14. Cowen & Co maintained the stock with “Outperform” rating in Friday, October 14 report. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, October 20 report. Stifel Nicolaus downgraded Covenant Transportation Group, Inc. (NASDAQ:CVTI) on Thursday, January 5 to “Hold” rating. The rating was upgraded by Stephens on Monday, August 14 to “Buy”. The rating was maintained by Cowen & Co with “Buy” on Monday, August 28. The stock of Covenant Transportation Group, Inc. (NASDAQ:CVTI) earned “Buy” rating by Stifel Nicolaus on Wednesday, March 23.

Covenant Transportation Group, Inc. is a well-known provider of expedited long haul freight transportation, primarily using two-person driver teams in transcontinental lanes. The company has market cap of $452.80 million. The Company’s services also include refrigerated, dedicated, cross-border, regional and brokerage. It has a 43.74 P/E ratio. The Company’s divisions include Truckload and Other.

More notable recent Covenant Transportation Group, Inc. (NASDAQ:CVTI) news were published by: Seekingalpha.com which released: “An Ugly Quarter At Covenant Transport” on October 20, 2016, also Globenewswire.com with their article: “Covenant Transportation Group, Inc. Announces Timing of Fourth Quarter …” published on January 20, 2017, Globenewswire.com published: “Covenant Transportation Group Announces First Quarter Financial and Operating …” on April 20, 2017. More interesting news about Covenant Transportation Group, Inc. (NASDAQ:CVTI) were released by: Fool.com and their article: “An earnings beat sent shares higher, but this may not be the time to buy …” published on April 21, 2017 as well as Globenewswire.com‘s news article titled: “Covenant Transportation Group, Inc. Announces Timing of Second Quarter …” with publication date: July 20, 2017.

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