$0.10 EPS Expected for Covenant Transportation Group, Inc. (CVTI)

July 17, 2017 - By Linda Rogers

 $0.10 EPS Expected 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.
Driehaus Capital Mgmt Limited Liability Company reported 0.1% of its portfolio in Covenant Transportation Group, Inc. (NASDAQ:CVTI). National Bank Of Mellon Corp owns 59,774 shares. Foundry Partners Lc reported 248,785 shares or 0.21% of all its holdings. Next Century Growth Investors Limited Company accumulated 304,471 shares. Wellington Management Grp Ltd Liability Partnership reported 0% in Covenant Transportation Group, Inc. (NASDAQ:CVTI). 174,881 are owned by State Street. Intl Gru holds 0% of its portfolio in Covenant Transportation Group, Inc. (NASDAQ:CVTI) for 6,820 shares. Quantum Mgmt reported 10,253 shares. Granite Inv Prtn Limited Liability Corporation reported 79,850 shares. Parametric Port Associates Ltd Liability holds 0% in Covenant Transportation Group, Inc. (NASDAQ:CVTI) or 14,142 shares. Bnp Paribas Arbitrage has invested 0% in Covenant Transportation Group, Inc. (NASDAQ:CVTI). Tower Research Capital Lc (Trc) stated it has 1,518 shares or 0% of all its holdings. Schwab Charles Mgmt Inc holds 24,294 shares. Manufacturers Life Ins The holds 0% in Covenant Transportation Group, Inc. (NASDAQ:CVTI) or 8,522 shares. Moreover, Blackrock Ltd Liability has 0% invested in Covenant Transportation Group, Inc. (NASDAQ:CVTI) for 50,013 shares.

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

Analysts expect Covenant Transportation Group, Inc. (NASDAQ:CVTI) to report $0.10 EPS on July, 26.They anticipate $0.10 EPS change or 50.00 % from last quarter’s $0.2 EPS. CVTI’s profit would be $1.83 million giving it 42.48 P/E if the $0.10 EPS is correct. After having $0.03 EPS previously, Covenant Transportation Group, Inc.’s analysts see 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. Cowen & Co maintained Covenant Transportation Group, Inc. (NASDAQ:CVTI) rating on Wednesday, January 27. Cowen & Co has “Outperform” rating and $32 target. Stifel Nicolaus maintained Covenant Transportation Group, Inc. (NASDAQ:CVTI) on Thursday, October 20 with “Buy” rating. As per Friday, October 21, the company rating was maintained by Cowen & Co. The rating was downgraded by Stifel Nicolaus on Thursday, January 5 to “Hold”. The stock of Covenant Transportation Group, Inc. (NASDAQ:CVTI) earned “Outperform” rating by Cowen & Co on Friday, October 14. Avondale downgraded it to “Market Perform” rating and $20 target in Monday, March 14 report. Cowen & Co maintained the shares of CVTI in report on Wednesday, December 16 with “Outperform” rating. Stifel Nicolaus initiated Covenant Transportation Group, Inc. (NASDAQ:CVTI) on Wednesday, March 23 with “Buy” rating.

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: Globenewswire.com which released: “Covenant Transportation Group Announces Unfavorable Court Decision and Impact …” on May 10, 2017, also Seekingalpha.com with their article: “An Ugly Quarter At Covenant Transport” published on October 20, 2016, Timesfreepress.com published: “Three Chattanooga programs honored for sustainable transportation [photos]” on May 27, 2017. More interesting news about Covenant Transportation Group, Inc. (NASDAQ:CVTI) were released by: Globenewswire.com and their article: “Covenant Transportation Group Announces First Quarter Financial and Operating …” published on April 20, 2017 as well as Nasdaq.com‘s news article titled: “What Falling Estimates & Price Mean for Covenant Transportation (CVTI)” with publication date: July 10, 2017.

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