Covenant Transportation Group, Inc. (CVTI) Analysts See $0.10 EPS

July 17, 2017 - By Clifton Ray

 Covenant Transportation Group, Inc. (CVTI) Analysts See $0.10 EPS
Investors sentiment increased to 1.41 in Q4 2016. Its up 0.22, from 1.19 in 2016Q3. It improved, 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.
25,900 are held by Wedge Capital L L P Nc. The New York-based Jpmorgan Chase & has invested 0% in Covenant Transportation Group, Inc. (NASDAQ:CVTI). 26,130 are held by Natl Bank Of America Corp De. Switzerland-based Swiss Bankshares has invested 0% in Covenant Transportation Group, Inc. (NASDAQ:CVTI). Blackrock Advsr Ltd Liability Company holds 0% of its portfolio in Covenant Transportation Group, Inc. (NASDAQ:CVTI) for 6,593 shares. Renaissance Techs Limited Company reported 0.01% in Covenant Transportation Group, Inc. (NASDAQ:CVTI). Victory Mgmt Incorporated holds 76,779 shares. Zurcher Kantonalbank (Zurich Cantonalbank) invested 0% of its portfolio in Covenant Transportation Group, Inc. (NASDAQ:CVTI). Nationwide Fund Advsrs has invested 0% in Covenant Transportation Group, Inc. (NASDAQ:CVTI). Susquehanna Limited Liability Partnership holds 17,590 shares. Rhumbline Advisers invested in 0% or 12,426 shares. Fisher Asset Mgmt Limited Liability Company holds 62,512 shares. Bank & Trust Of Mellon has invested 0% in Covenant Transportation Group, Inc. (NASDAQ:CVTI). Amer Grp Inc Incorporated invested 0% in Covenant Transportation Group, Inc. (NASDAQ:CVTI). Hodges Incorporated, a Texas-based fund reported 80,000 shares.

Since January 30, 2017, it had 0 insider purchases, and 3 insider sales for $274,904 activity. Another trade for 3,000 shares valued at $65,291 was sold by LOVIN RALPH H JR. $100,750 worth of Covenant Transportation Group, Inc. (NASDAQ:CVTI) was sold by HOGAN JOEY B. The insider BROWER JAMES F JR sold 5,000 shares worth $108,863.

Analysts await Covenant Transportation Group, Inc. (NASDAQ:CVTI) to report earnings on July, 26. They expect $0.10 EPS, down 50.00 % or $0.10 from last year’s $0.2 per share. CVTI’s profit will be $1.83 million for 42.48 P/E if the $0.10 EPS becomes a reality. After $0.03 actual EPS reported by Covenant Transportation Group, Inc. for the previous quarter, Wall Street now forecasts 233.33 % EPS growth. The stock increased 1.86% or $0.31 during the last trading session, reaching $16.99. About 57,757 shares traded. Covenant Transportation Group, Inc. (NASDAQ:CVTI) has declined 12.60% since July 18, 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 9 analyst reports since October 19, 2015 according to SRatingsIntel. The stock of Covenant Transportation Group, Inc. (NASDAQ:CVTI) earned “Buy” rating by Stifel Nicolaus on Thursday, October 20. The rating was maintained by Cowen & Co on Friday, October 14 with “Outperform”. The stock has “Outperform” rating by Cowen & Co on Wednesday, January 27. The stock of Covenant Transportation Group, Inc. (NASDAQ:CVTI) earned “Outperform” rating by Cowen & Co on Wednesday, December 16. Cowen & Co maintained Covenant Transportation Group, Inc. (NASDAQ:CVTI) on Friday, October 21 with “Outperform” rating. Stifel Nicolaus downgraded the stock to “Hold” rating in Thursday, January 5 report. The stock has “Market Perform” rating by Avondale on Monday, March 14. The firm earned “Buy” rating on Wednesday, March 23 by Stifel Nicolaus.

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 $310.46 million. The Company’s services also include refrigerated, dedicated, cross-border, regional and brokerage. It has a 24.97 P/E ratio. The Company’s divisions include Truckload and Other.

More notable recent Covenant Transportation Group, Inc. (NASDAQ:CVTI) news were published by: Nasdaq.com which released: “What Falling Estimates & Price Mean for Covenant Transportation (CVTI)” on July 10, 2017, also Timesfreepress.com with their article: “Three Chattanooga programs honored for sustainable transportation [photos]” published on May 27, 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: “Why Shares of Covenant Transportation Group, Inc. Popped 16% Today” published on April 21, 2017 as well as Seekingalpha.com‘s news article titled: “An Ugly Quarter At Covenant Transport” with publication date: October 20, 2016.

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