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

September 17, 2017 - By Ellis Scott

 Analysts See $0.16 EPS for Covenant Transportation Group, Inc. (CVTI)
Investors sentiment increased to 1.41 in 2016 Q4. 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.
Prescott Gru Cap Mgmt Ltd Liability Corp invested in 99,200 shares or 0.4% of the stock. Susquehanna Group Llp has 0% invested in Covenant Transportation Group, Inc. (NASDAQ:CVTI). Cortina Asset owns 0.26% invested in Covenant Transportation Group, Inc. (NASDAQ:CVTI) for 322,324 shares. Moreover, Wall Street has 0.2% invested in Covenant Transportation Group, Inc. (NASDAQ:CVTI) for 15,700 shares. Wedge Capital Mngmt L Limited Partnership Nc invested in 0% or 25,900 shares. 1492 Cap Management Ltd holds 25,303 shares or 0.38% of its portfolio. Invesco Ltd holds 0% of its portfolio in Covenant Transportation Group, Inc. (NASDAQ:CVTI) for 22,852 shares. Hodges Cap Incorporated has invested 0.07% of its portfolio in Covenant Transportation Group, Inc. (NASDAQ:CVTI). Next Century Growth Invsts Limited Liability Corporation reported 304,471 shares. Northern Trust Corp accumulated 143,499 shares. 154,300 were accumulated by Guggenheim Limited Liability Com. Moreover, Ranger Invest Mgmt Lp has 0.12% invested in Covenant Transportation Group, Inc. (NASDAQ:CVTI) for 86,835 shares. Fmr Limited Liability accumulated 461,300 shares or 0% of the stock. Dimensional Fund Advisors L P invested in 1.34M shares or 0.01% of the stock. California State Teachers Retirement Sys reported 24,428 shares.

Analysts await Covenant Transportation Group, Inc. (NASDAQ:CVTI) to report earnings on October, 18. They expect $0.16 EPS, 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 EPS 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. As per Friday, October 14, the company rating was maintained by Cowen & Co. The firm has “Buy” rating by Cowen & Co given on Monday, August 28. The firm earned “Outperform” rating on Friday, October 21 by Cowen & Co. Avondale downgraded Covenant Transportation Group, Inc. (NASDAQ:CVTI) rating on Monday, March 14. Avondale has “Market Perform” rating and $20 target. Stifel Nicolaus downgraded it to “Hold” rating and $20 target in Thursday, January 5 report. As per Thursday, October 20, the company rating was maintained by Stifel Nicolaus. Cowen & Co maintained the stock with “Outperform” rating in Wednesday, January 27 report. The stock of Covenant Transportation Group, Inc. (NASDAQ:CVTI) has “Buy” rating given on Wednesday, March 23 by Stifel Nicolaus. As per Monday, August 14, the company rating was upgraded by Stephens. The stock has “Outperform” rating by Cowen & Co on Wednesday, December 16.

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: Fool.com which released: “An earnings beat sent shares higher, but this may not be the time to buy …” on April 21, 2017, 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 Unfavorable Court Decision and Impact …” on May 10, 2017. More interesting news about Covenant Transportation Group, Inc. (NASDAQ:CVTI) were released by: Globenewswire.com and their article: “Covenant Transportation Group, Inc. Announces Timing of Second Quarter …” published on July 20, 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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