Covenant Logistics/CVLG

$44.42

-0.65%
-
1D1W1MYTD1YMAX

About Covenant Logistics

Covenant Logistics Group, Inc., through its subsidiaries, offers a portfolio of transportation and logistics services to customers throughout the United States. The Company’s primary services include asset-based expedited and dedicated truckload capacity, as well as asset-light warehousing, transportation management and freight brokerage capability. Its asset-based transportation services include two segments: Expedited and Dedicated. The Expedited segment primarily provides truckload services to customers. The Dedicated segment provides customers with committed truckload capacity over contracted periods. The Managed Freight segment includes its brokerage services and transportation management services (TMS). The Warehousing segment provides day-to-day warehouse management services for customers who have chosen to outsource this function. It also provides shuttle and switching services related to shuttling containers and trailers in or around freight yards and to/from warehouses.

Ticker

CVLG

Sector

Industrials

Trading on

NASDAQ

Industry

Trucking

CEO

David Parker

Employees

4,600

Headquarters

Chattanooga, United States

CVLG Metrics

BasicAdvanced
$586.34M
Market cap
11.18
P/E ratio
$4.00
EPS
1.41
Beta
$0.44
Dividend rate
0.98%
Dividend yield
$586.34M
1.41396
$57.57
$33.58
74.9K
$0.44
1.092
1.063
50.119
62.124
10.58%
6.24%
14%
7.67%
11.183
0.531
1.449
2.571
0.98%
0.98%
-9.31%
-43.61%
9.59%

What the Analysts think about CVLG

Analyst Ratings

Majority rating from 4 analysts.
Buy

Price Targets

Average projection from 3 analysts.
46.33% upside
High $70.00
Low $60.00
$44.42
Current price
$65.00
Average price target

CVLG Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
4.63% profit margin
QuarterlyAnnual
Q4 23
QoQ growth
Revenue
$273.9M
-5.13%
Net income
$12.7M
-5.93%
Profit margin
4.63%
-0.86%

CVLG Earnings Performance

Earnings per share (EPS)

Company profitability
Beat by 3.88%
QuarterlyAnnual
Q1 23
Q2 23
Q3 23
Q4 23
Q1 24
Actual
$0.93
$1.07
$1.13
$1.07
-
Expected
$0.81
$0.95
$1.13
$1.03
$0.78
Surprise
15.17%
12.63%
-0.29%
3.88%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.

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FAQs

What’s the current market cap for Covenant Logistics stock?

Covenant Logistics (CVLG) has a market cap of $586.34M as of April 22, 2024.

What is the P/E ratio for Covenant Logistics stock?

The price to earnings (P/E) ratio for Covenant Logistics (CVLG) stock is 11.18 as of April 22, 2024.

Does Covenant Logistics stock pay dividends?

Yes, the Covenant Logistics (CVLG) stock pays dividends to shareholders. As of April 22, 2024, the dividend rate is $0.44 and the yield is 0.98%. Covenant Logistics has a payout ratio of 10.58% on a trailing twelve-month basis.

When is the next Covenant Logistics dividend payment date?

The next Covenant Logistics (CVLG) dividend payment date is unconfirmed.

What is the beta indicator for Covenant Logistics?

Covenant Logistics (CVLG) has a beta rating of 1.41. This means that it is more volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 2 would indicate the stock moves twice as much as the market.

What is the Covenant Logistics stock price target?

The target price for Covenant Logistics (CVLG) stock is $65, which is 46.33% above the current price of $44.42. This is an average based on projections from 3 analysts, and represents their view of what the stock price could be in 12 or 18 months. This should not be seen as investment advice - Lightyear does not carry out investment research.

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