Covenant Transportation Group sees Q3 net loss

Covenant Transportation Group, Inc. (NASDAQ:CVTI). Last Market Price: 2.37, Change: -0.98, % Change: (-29.25%). Shares trade in the range of 2.37 – 3.41 dollars. It has a market capitalization of 34.88M dollars, making it a Small Cap Stock and has 14.72M outstanding shares. The company has a beta of 1.67, indicating, the stock to be more volatile than the market. As per the most recent quarterly report, the net income per share (EPS) is 0.12; P/E of 19.84. It operates in Transportation sector and belongs to Trucking industry. Percentage shares held by institutional investors is 50%. The company has a 52 week high of $ 10.00 and a 52 week low of $ 2.37. Average volumes of shares traded daily are 58,281. Volume traded in the last session was at 92,365, 1.58 times the average volume.

• Company states that after reviewing preliminary financial and operating information through end of September, it expects to report Q3 net loss of $0.5-1.7 million (current estimate for Q3 EPS of $0.14) vs net income of $1.9 million Q3 last year.

For Q2 (Jun ’11), It had a Net profit margin of 0.96%, an Operating margin of 4.18%. Other Key stats and ratios are : Return on average assets of 1.55%, Return on average equity of 6.67%. The organization has an employee strength of 4,740

Consensus Recommendation is a Buy.

Estimate for sales for the Quarter Ending Dec-11 show a mean of 183.76 million dollars, an estimate high of 189.58 million dollars and an estimate low of 180.80 million dollars. A year ago the figures stood at 180.83 million dollars.

Estimate for sales for the Quarter Ending Mar-12 show a mean of 176.93 million dollars, an estimate high of 178.47 million dollars and an estimate low of 175.40 million dollars. A year ago the figures stood at 180.20 million dollars.

Estimate for EPS for the Quarter Ending Dec-11 show a mean of 0.15 dollars, an estimate high of 0.18 dollars and an estimate low of 0.13 dollars. A year ago the figures stood at 0.25 dollars.

Estimate for EPS for the Quarter Ending Mar-12 show a mean of -0.02 dollars, an estimate high of 0.01 dollars and an estimate low of -0.05 dollars. A year ago the figures stood at 0.05 dollars.

Sales for Quarter Ending Jun-11 was estimated at 178.66 million dollars, however the actual sales figure stood at 172.87 million dollars, 5.8 million dollars less than estimates.

Sales for Quarter Ending Mar-11 was estimated at 164.16 million dollars, however the actual sales figure stood at 156.39 million dollars, 7.77 million dollars less than estimates.

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