Covenant Logistics Group (NASDAQ:CVLG – Get Free Report) announced its quarterly earnings data on Wednesday. The company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.01, Yahoo Finance reports. Covenant Logistics Group had a return on equity of 13.78% and a net margin of 3.76%. The business had revenue of $287.89 million during the quarter. During the same quarter in the prior year, the business posted $1.13 earnings per share.
Covenant Logistics Group Stock Down 0.9 %
Covenant Logistics Group stock traded down $0.46 during mid-day trading on Friday, hitting $50.90. 65,870 shares of the company’s stock were exchanged, compared to its average volume of 61,205. The company has a current ratio of 1.08, a quick ratio of 1.05 and a debt-to-equity ratio of 0.48. The stock has a market cap of $665.36 million, a P/E ratio of 16.54 and a beta of 1.34. Covenant Logistics Group has a 1-year low of $38.25 and a 1-year high of $56.96. The stock has a 50 day moving average of $52.33 and a two-hundred day moving average of $49.66.
Covenant Logistics Group Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 6th were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend was Friday, September 6th. Covenant Logistics Group’s payout ratio is 14.10%.
Analysts Set New Price Targets
Check Out Our Latest Stock Analysis on Covenant Logistics Group
Insiders Place Their Bets
In other Covenant Logistics Group news, Director Herbert J. Schmidt sold 21,000 shares of the stock in a transaction on Monday, July 29th. The shares were sold at an average price of $55.24, for a total transaction of $1,160,040.00. Following the transaction, the director now directly owns 12,134 shares of the company’s stock, valued at $670,282.16. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 36.50% of the company’s stock.
Covenant Logistics Group Company Profile
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.
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