Covenant Logistics Group (CVLG) to Release Earnings on Thursday

Covenant Logistics Group (NASDAQ:CVLG) is projected to post its quarterly earnings results after the market closes on Thursday, January 23rd. Analysts expect Covenant Logistics Group to post earnings of $1.00 per share and revenue of $284,906.67 billion for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Covenant Logistics Group (NASDAQ:CVLG) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. The company had revenue of $287.89 million during the quarter. Covenant Logistics Group had a net margin of 3.72% and a return on equity of 13.43%. During the same period in the previous year, the company earned $0.57 earnings per share. On average, analysts expect Covenant Logistics Group to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Covenant Logistics Group Stock Performance

Covenant Logistics Group stock opened at $27.85 on Wednesday. Covenant Logistics Group has a 52 week low of $21.51 and a 52 week high of $30.77. The company has a current ratio of 1.10, a quick ratio of 1.07 and a debt-to-equity ratio of 0.46. The stock has a market cap of $734.07 million, a P/E ratio of 18.32 and a beta of 1.41. The stock has a 50 day moving average of $28.71 and a 200-day moving average of $27.02.

Covenant Logistics Group Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 6th were paid a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend was Friday, December 6th. Covenant Logistics Group’s dividend payout ratio (DPR) is presently 14.47%.

Analysts Set New Price Targets

Separately, TD Cowen dropped their target price on shares of Covenant Logistics Group from $35.00 to $34.50 and set a “buy” rating on the stock in a report on Friday, October 25th.

Insider Buying and Selling at Covenant Logistics Group

In other Covenant Logistics Group news, Director Bradley A. Moline sold 14,000 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $29.82, for a total value of $417,480.00. Following the sale, the director now directly owns 93,984 shares in the company, valued at approximately $2,802,602.88. This trade represents a 12.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 36.50% of the stock is currently owned by insiders.

About Covenant Logistics Group

Covenant Logistics Group, Inc, together with its subsidiaries, provides transportation and logistics services in the United States. It operates through four segments: Expedited, Dedicated, Managed Freight, and Warehousing. The Expedited segment primarily provides truckload services with high service freight and delivery standards, such as 1,000 miles in 22 hours or 15-minute delivery windows.